Market
3 Winners as US Elections Approach

The US presidential election is scheduled for November 5. With October already here, meme coins tied to the top 3 presidential candidates, dubbed “PolitiFi meme coins,” have seen explosive growth amid the heightened political climate.
Among them is MAGA (TRUMP), which the meme coin community built in favor of former President Donald Trump. The other two include Kamala Horris (KAMA), which supports current Vice President Kamala Harris, and lately, Jeo Boden (BODEN), a token initially deployed when current President Joe Biden was still in the race.
MAGA (TRUMP)
Two weeks ago, PolitiFi meme coins plummeted to their lowest points in seven months. MAGA (TRUMP), which is reflective of Donald Trump’s Make America Great Again campaign, also felt the heat during that period.
But in the last seven days, TRUMP’s price has increased by 75.60% and currently changes hands at $3.19. This renewed rally is linked to the speculation that the US presidential candidate may start mentioning crypto in their campaign even though they’ve avoided it in past debates.
According to the 4-hour chart, the recent resurgence was also validated by the golden cross on September 26. For context, a golden cross occurs when the shorter Exponential Moving Average (EMA) crosses above the longer one.
As seen below, the 20 EMA (blue) had crossed over the 50 EMA (yellow). Apart from that, the Relative Strength Index (RSI), which measures momentum, is now above the signal line and reinforces the bullish thesis.
Read more: 7 Hot Meme Coins and Altcoins that are Trending in 2024

Should this remain the same, TRUMP’s price could breach the overhead resistance at $3.40. If that happens, the meme coin’s value might climb to $4.11 before the US elections come in full force.
However, if Trump’s chances of winning the election drop significantly in the coming weeks, this forecast might not happen. Instead, the token might decline to $2.35 if it fails to hold the support line at $2.82.
Kamala Horris (KAMA)
KAMA’s price is currently $0.0087, representing a 68.50% increase within the past week. The meme coin initially plunged to $0.0053 on Thursday, September 26. But since Kamala Harris reportedly displayed commitment toward crypto expansion, the token has been rising.
Despite significant gains, the 4-hour chart suggests KAMA’s price may face challenges in maintaining its upward trend. This is primarily due to the Awesome Oscillator (AO) and Moving Average Convergence Divergence (MACD), both momentum indicators, turning downward.
As such, KAMA might experience a pullback as it attempts to hit $0.0090. If the meme coin does not break above this point, a decline could be next.

In that scenario, KAMA’s price could decrease to $0.0075. Increased buying pressure and rising support for Kamala Harris on the outside could change things for the better. Should that happen, KAMA could erase one zero and climb to $0.011.
Jeo Boden (BODEN)
Jeo Boden was a trending PolitiFi meme coin and registered notable upswings earlier in the year. However, after President Joe Biden dropped out of the race, BODEN’s price crashed.
Things are starting to change again, especially as the token increased by 62% in the last seven days. This uptrend suggests that, even though Biden is no longer a candidate, BODEN could remain a notable force among PolitiFi meme coins.
As of this writing, BODEN’s price is $0.0092. Based on the 4-hour chart, the Bull Bear Power (BBP) had hit higher green histogram bars. The BBP measures the strength of buyers to sellers. When it increases, buyers (bulls) are in control, and the price might increase.
Read more: Best Crypto To Buy Now: Top Coins To Keep an Eye on in October 2024

Conversely, a negative reading of the BB suggests that bears (sellers) are dominant. Considering the current condition, BODEN’s price could be set to climb to $0.011. Retracement to $0.083 might, however, happen if buying pressure decreases.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
BNB Price Faces More Downside—Can Bulls Step In?

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As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.
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Market
VanEck Sets Stage for BNB ETF with Official Trust Filing

Global investment management firm VanEck has officially registered a statutory trust in Delaware for Binance’s BNB (BNB) exchange-traded fund (ETF).
This move marks the first attempt to launch a spot BNB ETF in the United States. It could potentially open new avenues for institutional and retail investors to gain exposure to the asset through a regulated investment vehicle.
VanEck Moves Forward with BNB ETF
The trust was registered on March 31 under the name “VanEck BNB ETF” with filing number 10148820. It was recorded on Delaware’s official state website.

The proposed BNB ETF would track the price of BNB. It is the native cryptocurrency of the BNB Chain ecosystem, developed by the cryptocurrency exchange Binance.
As per the latest data, BNB ranks as the fifth-largest cryptocurrency by market capitalization at $87.1 billion. Despite its significant market position, both BNB’s price and the broader cryptocurrency market have faced some challenges recently.
Over the past month, the altcoin’s value has declined 2.2%. At the time of writing, BNB was trading at $598. This represented a 1.7% dip in the last 24 hours, according to data from BeInCrypto.

While the trust filing hasn’t yet led to a price uptick, the community remains optimistic about the prospects of BNB, especially with this new development.
“Send BNB to the moon now,” an analyst posted on X (formerly Twitter).
The filing comes just weeks after VanEck made a similar move for Avalanche (AVAX). On March 10, VanEck registered a trust for an AVAX-focused ETF.
This was quickly followed by the filing of an S-1 registration statement with the US Securities and Exchange Commission (SEC). Given this precedent, a similar S-1 filing for a BNB ETF could follow soon.
“A big step toward bringing BNB to US institutional investors!” another analyst wrote.
Meanwhile, the industry has seen an influx of crypto fund applications at the SEC following the election of a pro-crypto administration. In fact, a recent survey revealed that 71% of ETF investors are bullish on crypto and plan to increase their allocations to cryptocurrency ETFs in the next 12 months.
“Three-quarters of allocators expect to increase their investment in cryptocurrency-focused ETFs over the next 12 months, with demand highest in Asia (80%), and the US (76%), in contrast to Europe (59%),” the survey revealed.
This growing interest in crypto ETFs could drive further demand for assets like BNB, making the VanEck BNB ETF a potentially significant product in the market.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
XRP Recovery Stalls—Are Bears Still In Control?

XRP price started a fresh decline from the $2.20 zone. The price is now consolidating and might face hurdles near the $2.120 level.
- XRP price started a fresh decline after it failed to clear the $2.20 resistance zone.
- The price is now trading below $2.150 and the 100-hourly Simple Moving Average.
- There is a connecting bearish trend line forming with resistance at $2.120 on the hourly chart of the XRP/USD pair (data source from Kraken).
- The pair might extend losses if it fails to clear the $2.20 resistance zone.
XRP Price Faces Rejection
XRP price failed to continue higher above the $2.20 resistance zone and reacted to the downside, like Bitcoin and Ethereum. The price declined below the $2.150 and $2.120 levels.
The bears were able to push the price below the 50% Fib retracement level of the recovery wave from the $2.023 swing low to the $2.199 high. There is also a connecting bearish trend line forming with resistance at $2.120 on the hourly chart of the XRP/USD pair.
The price is now trading below $2.150 and the 100-hourly Simple Moving Average. However, the bulls are now active near the $2.10 support level. They are protecting the 61.8% Fib retracement level of the recovery wave from the $2.023 swing low to the $2.199 high.
On the upside, the price might face resistance near the $2.120 level and the trend line zone. The first major resistance is near the $2.150 level. The next resistance is $2.20. A clear move above the $2.20 resistance might send the price toward the $2.240 resistance. Any more gains might send the price toward the $2.2650 resistance or even $2.2880 in the near term. The next major hurdle for the bulls might be $2.320.
Another Decline?
If XRP fails to clear the $2.150 resistance zone, it could start another decline. Initial support on the downside is near the $2.10 level. The next major support is near the $2.0650 level.
If there is a downside break and a close below the $2.0650 level, the price might continue to decline toward the $2.020 support. The next major support sits near the $2.00 zone.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.
Major Support Levels – $2.10 and $2.050.
Major Resistance Levels – $2.120 and $2.20.
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