'Jeo Boden' Meme Coin Clocks New All-Time High On 56% Daily Surge: '$1B Market Cap Is Absolute FUD,' Exclaims Trader
Portfolio Pulse from Ivan Crnogatić
The 'Jeo Boden' meme coin, a Solana-based cryptocurrency parodying President Joe Biden, hit a new all-time high with a market cap of $379 million, surging over 50% in a day. Cryptocurrency trader @housetechnolove compared its performance to Truth Social, highlighting the non-financial factors driving their market success, including community support and political sentiment.
April 03, 2024 | 7:46 pm
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POSITIVE IMPACT
The 'Jeo Boden' meme coin's surge, being Solana-based, could potentially increase interest and activity on the Solana blockchain, possibly impacting SOL's price positively in the short term.
Given that 'Jeo Boden' is a Solana-based meme coin, its success and increased transaction volume could lead to greater visibility and usage of the Solana blockchain, potentially driving up SOL's price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80