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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

‘Jeo Boden’ Meme Coin Soars 20% After Trump Diss – Details

Christian Encila
Christian Encila
1 year ago
3 mins read
Jeo Biden

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Riding on the back of a lukewarm opinion from former US President Donald Trump, the memecoin “Jeo Boden” has rocked the crypto scene. After Trump referenced the quirky cryptocurrency—a satirical misreading of President Joe Biden’s name—at an NFT rally in Florida, it shot skyward.

Previously a source of entertainment, Boden’s increase of 20% following Trump’s offhand comment has made previously a hobby a major financial commitment.

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Trump Rally Or Fleeting Frenzy? Analysts Divided

The reaction of the bitcoin community on Trump’s reference of Boden has been polar. Some analysts, like Samantha Wilkins, think every reference to a well-known person like Trump benefits the memecoin. They argue that Boden has demonstrated to be a resilient and smart investment, and that the buzz around it has just gotten more intense with Trump’s comment.

Trump Speaks on $BODEN at NFT Event

“That’s a Lotta Money for a Coin, I Don’t Like That Investment”

Audio Source: @realDannyNelson pic.twitter.com/8NcpuCc6ZI

— db (@tier10k) May 9, 2024

Still, some experts are dubious. They warn Boden is vulnerable to quick changes in the market since its worth is based on hype rather than use. One unfavorable tweet from Trump or a change in market mood may bring Boden down just as fast it ascended.

Will Trump Re-Boden The Market?

The contract speculating established by Polymarket on the possibility of Trump referencing the memecoin once more before July adds still more layer of mystery to the Boden story. With the contract’s “yes” price at $0.05 right now, there is an 11% probability Trump will say “Boden” in the next months.

Source: Polymarket

This special circumstances creates an odd situation when the value of a memecoin depends on the whims of a past president. Should Trump return to Boden in a future speech or tweet, this might set up yet another price explosion.

If he stays silent, though, the present buzz about Boden could fade and investors with a depreciating digital punchline would be left empty-handed.

Jeo Boden is currently trading at $0.2799. Chart: TradingView

Boden: A Gamble On Speculation

For memecoin aficionados, Boden’s ascent functions as a warning story. Although these tokens might provide tremendous gains, their value is usually related to ephemeral trends and outside events outside their influence. The future of Boden is yet unknown with the mysterious Trump as a wildcard impact.

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XRP All Talk, No Action? Social Media Booms, But Price Stuck In The Bear Pit

1 year ago

As the strange crypto narrative of Boden develops, investors are keenly awaiting the next episode. Regarding speculation, the value of the coin moves on the brink of doubt. The Boden phenomena draws attention to the erratic character of memecoins and the dangers connected to investing in such erratic assets.

Featured image from Reddit, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

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