{"id":607245,"date":"2024-05-09T23:00:39","date_gmt":"2024-05-09T23:00:39","guid":{"rendered":"https:\/\/wncen.com\/?p=607245"},"modified":"2024-05-09T15:15:06","modified_gmt":"2024-05-09T15:15:06","slug":"crypto-presidential-rally-trump-soars-36-2-and-flips-boden","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-presidential-rally-trump-soars-36-2-and-flips-boden\/","title":{"rendered":"Crypto Presidential Rally: TRUMP Soars 36.2% And Flips BODEN"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\">In a year full of global elections, the crypto industry remains expectant and critical of <\/span><span class=\"s1\">every candidate\u2019s stance on cryptocurrencies. The US presidential elections could <\/span><span class=\"s1\">pose a turning point for regulations and <a href=\"https:\/\/wncen.com\/bitcoin-news\/increased-bitcoin-etf-adoption-propels-btc-dominance-to-highest-level-since-2021\/\" target=\"_blank\" rel=\"noopener \">adoption<\/a> that could affect the <\/span><span class=\"s1\">industry worldwide. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">On Wednesday, Donald Trump, former US president and Republican candidate, stated <\/span><span class=\"s1\">his support for the industry and criticized Biden\u2019s administration for its stance on <\/span><span class=\"s1\">digital assets. MAGA (TRUMP), the Trump-inspired memecoin, saw its price skyrocket \u00a0<\/span><span class=\"s1\">63% in the following hours.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/meme-coins\/crypto-traders-discuss-why-memecoins-have-been-2024s-most-profitable-narrative\/\" target=\"_blank\" rel=\"noopener \">Crypto Traders Discuss Why Memecoins Have Been 2024\u2019s Most Profitable Narrative<\/a><\/div>\n<h2 class=\"p1\"><span class=\"s1\">Trump\u2019s Stance On Crypto <\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">The Republican candidate held a gathering on Wednesday at his Mar-a-Lago resort in Palm Beach, Florida. Holders of NFTs bearing Trump\u2019s name and likeness attended the Trump Cards NFT Gala<\/span><span class=\"s1\">. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">During this event, the former US president strongly <a href=\"https:\/\/twitter.com\/missteencrypto\/status\/87162029?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E87162029%7Ctwgr%5E8d5abc4cbe3d710da29aea07596ccd548e18d3b5%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fbitcoinist.com%2Fdonald-trump-crypto-im-good-with-it-vote-for-me%2F\" target=\"_blank\" rel=\"noopener nofollow\">criticized<\/a> Biden\u2019s administration <\/span><span class=\"s1\">and its hostility towards the sector. He revealed he is \u201cfine\u201d with crypto and wants<\/span><span class=\"s1\">\u00a0to make it a \u201csolid\u201d industry.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Trump claimed he\u2019s the best option for those who are in favor of cryptocurrencies:<\/span><\/p>\n<blockquote>\n<p class=\"p1\"><span class=\"s1\">(\u2026) I\u2019m fine with it. I want to make sure it\u2019s good and solid and everything else. But I\u2019m <\/span><span class=\"s1\">good with it. And if you want, if you like crypto in any form, and it comes in a lot of <\/span><span class=\"s1\">different forms, if you\u2019re in favor of crypto, you better vote for me.<\/span><\/p>\n<\/blockquote>\n<p class=\"p1\">Moreover, the Republican candidate asserted that \u201ccrypto is moving out of the US because of the hostility towards it,\u201d something he alleges he doesn\u2019t want to continue and promises to stop.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">i asked donald trump how he\u2019s going to keep crypto businesses in america.<\/p>\n<p>sounds bullish \ud83c\uddfa\ud83c\uddf8 <a href=\"https:\/\/t.co\/rvuztPmQ8P\" rel=\"nofollow\">pic.twitter.com\/rvuztPmQ8P<\/a><\/p>\n<p>&mdash; Malcolm (33.3%) (@macdegods) <a href=\"https:\/\/twitter.com\/macdegods\/status\/34914481?ref_src=twsrc%5Etfw\" rel=\"nofollow\">May 9, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">When asked what he would do to stop the exodus of digital asset businesses, <\/span><span class=\"s1\">he stated that to embrace them, they would have to let them be in the country. To <\/span><span class=\"s1\">achieve this, the candidate promised a more welcoming regulatory framework for <\/span><span class=\"s1\">crypto. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">As part of his jab at the current administration, Trump mimicked US President Joe Biden, <\/span><span class=\"s1\">claiming he would be clueless if asked about cryptocurrencies. He further added, <\/span><span class=\"s1\">\u201cThe Democrats are very much against it.\u201d<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">TRUMP Flips BODEN As Price Soars <\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">After Trump\u2019s declarations, two <a href=\"https:\/\/wncen.com\/meme-coins\/memecoins-resurgence-popcat-and-mew-lead-the-way-with-20-surge\/\" target=\"_blank\" rel=\"noopener \">memecoins<\/a> inspired by the politicians saw a price <\/span><span class=\"s1\">reaction. <\/span><span class=\"s1\">Jeo Boden (BODEN) soared 23.5% in the following hour, going from $0.34 to $0.42. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Since then, the price has retraced to hover between the $0.35-$0.36 range. BODEN is <\/span><span class=\"s1\">trading at $0.3492, representing a 15.1% increase in the last 24 hours. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The token\u2019s daily trading volume also saw a significant 35.7% surge, with over $20 <\/span><span class=\"s1\">million traded in the past day. Despite benefiting from the Republican candidate\u2019s jab <\/span><span class=\"s1\">at its inspiration, BODEN Still displays red numbers in the longer timeframes, with a 29.9% and 59.8%<span class=\"Apple-converted-space\">\u00a0 <\/span>weekly and monthly decrease.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: <a href=\"https:\/\/twitter.com\/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$TRUMP<\/a> (<a href=\"https:\/\/twitter.com\/MAGAMemecoin?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@MAGAMemecoin<\/a>) FLIPS <a href=\"https:\/\/twitter.com\/search?q=%24BODEN&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BODEN<\/a> (<a href=\"https:\/\/twitter.com\/boden4pres?ref_src=twsrc%5Etfw\" rel=\"nofollow\">@boden4pres<\/a>) IN MARKET CAP <a href=\"https:\/\/t.co\/eCTwux4ZC9\" rel=\"nofollow\">pic.twitter.com\/eCTwux4ZC9<\/a><\/p>\n<p>&mdash; DEGEN NEWS \ud83d\uddde\ufe0f (@DegenerateNews) <a href=\"https:\/\/twitter.com\/DegenerateNews\/status\/41345326?ref_src=twsrc%5Etfw\" rel=\"nofollow\">May 9, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p class=\"p1\"><span class=\"s1\">As a result, TRUMP\u2019s $252 million market capitalization flipped BODEN\u2019s $239 million. The Trump-inspired token became the 14th largest memecoin by market capitalization, per CoinGecko data. <\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/eu-crypto-integration-into-12-88-trillion-market\/\" target=\"_blank\" rel=\"noopener \">EU Watchdog Considers Crypto Integration Into $12.88 Trillion Investment Market<\/a><\/div>\n<p><span class=\"s1\">Moreover, TRUMP seemingly won this round with crypto <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-drop-below-60000-btc\/\" target=\"_blank\" rel=\"noopener \">investors<\/a>, which rallied 63% after Trump\u2019s statement. <\/span><span class=\"s1\">The token surged from $4.2 to $7.1 in the following hours before retracing to the $5.3 level.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">TRUMP trades at $5.43 at the time of writing, representing a 36.2% increase in the last 24 hours.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-607248 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/TRUMPUSDT_2024-05-09_08-40-59.png?w=860&#038;resize=860%2C336\" alt=\"crypto, TRUMP, TRUMPUSDT\" width=\"860\" height=\"336\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/TRUMPUSDT_2024-05-09_08-40-59.png?w=1077 1077w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/TRUMPUSDT_2024-05-09_08-40-59.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/TRUMPUSDT_2024-05-09_08-40-59.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/TRUMPUSDT_2024-05-09_08-40-59.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/TRUMPUSDT_2024-05-09_08-40-59.png?w=750 750w\" sizes=\"(max-width: 860px) 100vw, 860px\"><\/p>\n<pre style=\"text-align: center\">TRUMP's performance in the 1-week chart. Source: TRUMPUSDT on <a href=\"https:\/\/www.tradingview.com\/x\/WqOoywTP\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured Image from Unsplash.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In a year full of global elections, the crypto industry remains expectant and critical of every candidate\u2019s stance on cryptocurrencies. The US presidential elections could pose a turning point for regulations and adoption that could affect the industry worldwide. On Wednesday, Donald Trump, former US president and Republican candidate, stated his support for the industry and criticized Biden\u2019s administration for its stance on digital assets. MAGA (TRUMP), the Trump-inspired memecoin, saw its price skyrocket \u00a063% in the following hours. Related Reading: Crypto Traders Discuss Why Memecoins Have Been 2024\u2019s Most Profitable Narrative Trump\u2019s Stance On Crypto The Republican candidate held a gathering on Wednesday at his Mar-a-Lago resort in Palm Beach, Florida. Holders of NFTs bearing Trump\u2019s name and likeness attended the Trump Cards NFT Gala. During this event, the former US president strongly criticized Biden\u2019s administration and its hostility towards the sector. He revealed he is \u201cfine\u201d with crypto and wants\u00a0to make it a \u201csolid\u201d industry. Trump claimed he\u2019s the best option for those who are in favor of cryptocurrencies: (\u2026) I\u2019m fine with it. I want to make sure it\u2019s good and solid and everything else. But I\u2019m good with it. And if you want, if you like crypto in any form, and it comes in a lot of different forms, if you\u2019re in favor of crypto, you better vote for me. Moreover, the Republican candidate asserted that \u201ccrypto is moving out of the US because of the hostility towards it,\u201d something he alleges he doesn\u2019t want to continue and promises to stop. i asked donald trump how he\u2019s going to keep crypto businesses in america. sounds bullish \ud83c\uddfa\ud83c\uddf8 pic.twitter.com\/rvuztPmQ8P &mdash; Malcolm (33.3%) (@macdegods) May 9, 2024 When asked what he would do to stop the exodus of digital asset businesses, he stated that to embrace them, they would have to let them be in the country. To achieve this, the candidate promised a more welcoming regulatory framework for crypto. As part of his jab at the current administration, Trump mimicked US President Joe Biden, claiming he would be clueless if asked about cryptocurrencies. He further added, \u201cThe Democrats are very much against it.\u201d TRUMP Flips BODEN As Price Soars After Trump\u2019s declarations, two memecoins inspired by the politicians saw a price reaction. Jeo Boden (BODEN) soared 23.5% in the following hour, going from $0.34 to $0.42. Since then, the price has retraced to hover between the $0.35-$0.36 range. BODEN is trading at $0.3492, representing a 15.1% increase in the last 24 hours. The token\u2019s daily trading volume also saw a significant 35.7% surge, with over $20 million traded in the past day. Despite benefiting from the Republican candidate\u2019s jab at its inspiration, BODEN Still displays red numbers in the longer timeframes, with a 29.9% and 59.8%\u00a0 weekly and monthly decrease. BREAKING: $TRUMP (@MAGAMemecoin) FLIPS $BODEN (@boden4pres) IN MARKET CAP pic.twitter.com\/eCTwux4ZC9 &mdash; DEGEN NEWS \ud83d\uddde\ufe0f (@DegenerateNews) May 9, 2024 As a result, TRUMP\u2019s $252 million market capitalization flipped BODEN\u2019s $239 million. The Trump-inspired token became the 14th largest memecoin by market capitalization, per CoinGecko data. Related Reading: EU Watchdog Considers Crypto Integration Into $12.88 Trillion Investment Market Moreover, TRUMP seemingly won this round with crypto investors, which rallied 63% after Trump\u2019s statement. The token surged from $4.2 to $7.1 in the following hours before retracing to the $5.3 level. TRUMP trades at $5.43 at the time of writing, representing a 36.2% increase in the last 24 hours. TRUMP&#8217;s performance in the 1-week chart. Source: TRUMPUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":607250,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[92168,15561,16125,8480,92263,83574,3799,9848,87781,92262,4313],"class_list":["post-607245","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-boden","tag-crypto-adoption","tag-crypto-regulations","tag-donald-trump","tag-jeo-boden","tag-joe-biden","tag-sec","tag-trump","tag-trump-nfts","tag-trumpusdt","tag-us-elections"],"acf":[],"yoast_head":"\n<title>Crypto Presidential Rally: TRUMP Soars 36.2% And Flips BODEN<\/title>\n<meta name=\"description\" content=\"After former US president and Republican frontrunner Donald Trump stated his supportive stance on crypto, 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Garcia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/1a5c5c83a8ac34388cefe7d0e708bab3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/1a5c5c83a8ac34388cefe7d0e708bab3?s=96&d=mm&r=g\",\"caption\":\"Rubmar Garcia\"},\"description\":\"Rubmar is a writer and translator who has been a crypto enthusiast for the past four years. Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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