Trump and Biden-inspired memecoins rally despite broader crypto pullback

Memecoins Berita

Trump and Biden-inspired memecoins rally despite broader crypto pullback
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Memecoins inspired by U.S. presidential election candidates, particularly those related to Donald Trump, have rallied over the past 24 hours.

Memecoins inspired by former and current U.S. presidents Donald Trump and Joe Biden have surged in the past 24 hours.

According to Wintermute analysts, "fast money is observed within the memecoin sector, which has led to sector out performance over the last 7 days." Memecoins related to U.S. presidential candidates have rallied in the past 24 hours. Image: The Block. In contrast, bitcoin was trading at around $60,800 at the time of writing, having fallen by over 2.4% in the past 24 hours, according to The Block’s price page. The price of ether dipped by over 1.4% to around $2,950 in the same period.The presidential election-related memecoin rally comes after Trump said on Wednesday that he’ll ensure cryptocurrency can be used for his campaign donations.

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