As the US presidential elections approach, a prominent cryptocurrency analyst has turned his attention to the meme coin market, predicting a surge in popularity for tokens inspired by Donald Trump and Joe Biden. According to Altcoin Sherpa, the analyst, TRUMP (MAGA) and BODEN (Jeo Boden) meme coins could see significant price increases due to election excitement.

The analyst notes that the meme coin sector is highly correlated with the actions of the presidential candidates, with TRUMP's price movements closely tied to Donald Trump's crypto-friendly endorsements. Meanwhile, BODEN's price is influenced by traders' fears of Joe Biden's anti-crypto policies. As the election season heats up, the analyst predicts that TRUMP and BODEN will be at the forefront of the meme coin narrative.

Currently, TRUMP is trading at $5.40, up 11% in the last 24 hours, with a market cap of $265 million. BODEN, on the other hand, is trading at $0.3219, up 10% in the last 24 hours, with a market cap of $240 million. While meme coins can be highly risky, they also offer potential for significant gains. However, investors are advised to exercise caution and be aware of the potential for sharp declines.