During the first presidential debate between Donald Trump and Joe Biden, PolitiFi memecoins saw substantial declines. The Jeo Boden (BODEN) memecoin was hardest hit, dropping over 53% from its 24-hour high to $0.08. The TRUMP token also fell, losing 24.6% in value shortly before the debate. Super Trump (STRUMP) and BABYTRUMP tokens experienced double-digit drops as well.
Despite the heated debate focusing on issues like the economy and immigration, neither candidate mentioned cryptocurrencies. However, the cryptocurrency market remained active, with Bitcoin rising 1.1% during the debate. Prediction markets showed a shift in odds favoring Trump, while Biden's chances diminished. The next debate on September 10 could further influence the PolitiFi coin market.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.
