The Jeo Boden price has declined by 8% in the past 24 hours, with the new Solana-based meme token falling down to $0.333 after hitting an all-time high of $0.3916 yesterday.
This means that BODEN – which is a meme-y riff on incumbent US President Joe Biden – has gained by 300% in a week and by 900% in a fortnight.
In fact, the coin is up by over 1,000% since listing on Raydium earlier this month, and so far rallied back each of the times it has dipped since then.
As such, it could potentially reach $1 in the next few weeks or months, helped by an increasingly bullish market.
Jeo Boden Price Prediction as BODEN Hits $0.30 Level – $1 BODEN Possible?
Based on BODEN’s chart and indicators, it looks as though it has just begun rising again in the past hour, after a dip overnight.
For instance, its relative strength index (purple) has reached a bottom after dropping from 70 this morning, with the indicator passing 50 again in the past hour.
At the same time, BODEN’s short-term average (yellow) has also recovered after dipping over the same time span, again providing a signal that the meme token is about to rebound.
And what’s interesting about BODEN’s chart is that it has gone through several mini-cycles already in its short life, rising again after each dip.
We can expect the same thing to happen today and in the near future, although it’s interesting to note that its volumes during its most recent peak have been only half of what they were when the coin rallied on March 14.
It’s, therefore, possible to argue that BODEN will increasingly run out of steam with each success rise and fall, implying that at some point, it may dump altogether.
That said, it has attracted some new exchange listings in recent days, with Poloniex adding the token today.
🚀 Poloniex New Listing $BODEN @boden4pres
✅ Deposit open on Mar 26th, 06:00 (UTC)
✅ Full trading enable on Mar 26th, 07:00 (UTC)
Details: https://t.co/NNJogLCqVK pic.twitter.com/WHcvoK1XMK
— Poloniex Exchange (@Poloniex) March 26, 2024
While BODEN obviously has no fundamentals whatsoever to speak of, it falls into a growing line of Solana-based meme tokens that rally aggressively as profit-hungry traders latch onto them.
Indeed, some analysts believe BODEN could grow massively in value, and while many may be skeptical, coins such as PEPE have gained billion-dollar valuations after launching as jokes.
For this reason, the Jeo Boden price could potentially hit $1 in the next few weeks, and rise even higher as the market becomes more bullish.
New Meme Tokens for Market-Beating Gains
Boden may be one of the most visible new meme coins right now, but it isn’t the only high-potential new entrant in the market.
One other promising Solana-based meme token is Slothana (SLOTH), which has just launched its presale.
Send SOL to EnSawje2vQSQKtGbPYdXEuYKm2sHgeLKJTqCmrDErKEA
— Slothana (@SlothanaCoin) March 25, 2024
Taking its inspiration from crypto culture, it appeals to those retail traders who strive to make enough profit to leave behind the world of monotonous work.
Encouragingly, it has the same team that launched the successful Smog (SMOG) token, which rallied strongly after ending its presale and listing.
It has currently raised just over $500,000, which is an impressive figure for a sale that’s only a day old.
As of writing, investors can buy 10,000 SLOTH for 1 SOL, which they can send to the following address: EnSawje2vQSQKtGbPYdXEuYKm2sHgeLKJTqCmrDErKEA.
This gives it an approximate price of $0.019393, although this will rise as the sale passes through its stages.
And given that meme tokens have been doing so well in recent months, SLOTH has every chance of getting involved in the exuberance.
The biggest solana presale $PUNDU just raised $100M in 36 hours pic.twitter.com/Z9GMdTtoTC
— Pundu (🐼,🐼) (@pundusol) March 23, 2024
Its launch also comes at a time when presales of SOL-based tokens have performed enviably, with Pundu (PUNDU) recently raising $100 million in under two days, for example.
And with the market becoming more bullish as it approaches next month’s Bitcoin halving (not to mention Dogecoin day on April 20), SLOTH’s launch could see it rise massively.
Visit Slothana Now
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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