Solana meme coin markets are on fire again, and in the latest DEX launched pump, recent legend Jeo Boden crypto token has exploded to a new all-time high.
This article will provide an analysis of BODEN’s current price trends and look to see whether an upcoming meme coin CEX listing for DOGE20, represents a more promising investment opportunity at this time.
*press refresh button*
*price is up*
The tech is good pic.twitter.com/cf18OSvs1L
— Mail On Sunday (@YouHaveMael_) April 4, 2024
The Jeo Boden crypto project has reached a new all-time high, thanks to relentless community-building efforts and ongoing social media campaigns.
These strategies have not only maintained a dedicated base of savvy holders but also attracted new investors eager for substantial returns before the US Presidential Election.
As price action reels from the new all-time high, Jeo Boden is currently trading at a market price of $0.80 (representing a 24-hour change of +22.27%).
This comes after BODEN price slammed out of a strong ranging pattern between $0.23 and $0.50 at around midnight on March 4.
The sudden breakout triggered a rapid upside climb to hit a new all-time high at upper trendline resistance around $0.88.
Now in retreat, as holders take stock of the recovery move, BODEN is left standing at a jaw-dropping $545m market cap – which just goes to show the scale of growth for Solana meme coins in 2024.
Yet, with such a high market cap in play, returns for late entrants become limited at these levels, with upside potential limited to a 2-3x move.
This reduces appetite for investors, especially when it’s compared to the shockingly small $4.33m unlocked liquidity pool underpinning the half-billion dollar valuation.
For this reason, smart money is shifting
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