'Jeo Boden' Meme Coin Races Past $500M Mark: 'The Chinese Love The Meme,' Trader Claims
Portfolio Pulse from Ivan Crnogatić
Jeo Boden (BODEN), a Solana-based meme coin parodying President Joe Biden, has surpassed a $500 million market cap, marking a 40% surge and an 82% weekly gain. Popular in China, BODEN's rise is attributed to discussions on WeChat about Biden's gaffes. The coin now doubles the market cap of its rival, MAGA Memecoin (TRUMP). Social media predicts further growth, comparing its trajectory to other meme coins like dogwifhat (WIF) and suggesting mainstream media coverage at a $1 billion market cap.
April 04, 2024 | 7:11 pm
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POSITIVE IMPACT
Solana, the blockchain platform for BODEN, may see increased interest and potential price impact due to the meme coin's surge and popularity.
As the blockchain platform for BODEN, Solana's association with a rapidly growing meme coin could attract more developers and investors to the platform, potentially increasing the demand for SOL.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Dogecoin, as the pioneering meme coin, may experience indirect effects from the rise of BODEN, influencing investor sentiment and market dynamics.
While BODEN's rise directly impacts its own market cap, it also contributes to the broader meme coin narrative, potentially affecting Dogecoin's investor sentiment and market position indirectly.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
Floki Inu, another dog-themed meme coin, may see its market position and investor interest influenced by the dynamics introduced by BODEN's popularity.
The attention and capital flowing into BODEN might alter the competitive landscape for other meme coins like Floki Inu, potentially affecting its market position and investor interest.
CONFIDENCE 65
IMPORTANCE 30
RELEVANCE 40
NEUTRAL IMPACT
Pepe, as a successful non-dog-themed meme coin, might see its narrative and investor interest affected by the rise of BODEN and its unique theme.
BODEN's success, particularly with its unique theme, might influence the narrative around non-dog-themed meme coins like Pepe, potentially affecting investor interest.
CONFIDENCE 65
IMPORTANCE 30
RELEVANCE 40
NEUTRAL IMPACT
Shiba Inu, a close competitor to Dogecoin in the meme coin space, may experience shifts in investor sentiment and market dynamics due to BODEN's rise.
The growing popularity and market cap of BODEN could indirectly affect Shiba Inu by altering investor sentiment and competitive dynamics within the meme coin market.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50