Tag Archives: Kamala Horris (KAMA)

Bitcoin

BODEN Drops 55% As KAMA Soars

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The political panorama within the US has seen a big growth after President Joe Biden introduced he was dropping out of the presidential rally. Following the information, the PolitiFi memecoin sector noticed a significant shift as Biden-themed tokens instantly plunged and Kamala Harris-inspired tokens soared.

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Crypto Group Celebrates Biden’s Candidature Withdrawal

The November elections have been a sizzling matter for the crypto business. After years of a hostile and “overreaching” regulatory strategy from the US authorities, politicians’ stance on cryptocurrencies has turn out to be a turning level for a lot of voters.

On Sunday afternoon, US President Joe Biden introduced he was stepping down as a Presidential Candidate for the upcoming elections. Biden detailed that he determined to deal with fulfilling his duties as president for the rest of his time period.

In one other submit, he endorsed vice-president Kamala Harris because the candidate for the Democratic social gathering:

“At the moment I need to supply my full help and endorsement for Kamala to be the nominee of our social gathering this yr. Democrats -It’s time to return collectively and beat Trump. Let’s do that.”

Following the announcement, business figures like Artur Hayes and Justin Solar reacted on-line. The Tron founder replied to Biden’s X submit, stating, “Goodbye Biden, crypto will final eternally.”

In the meantime, The BitMEX co-founder famous that Trump’s possibilities of successful would solely enhance if Harris just isn’t the Democratic nominee. Hayes additionally stated Trump will “smoke her like a Cuban” if she “really turns into the nominee.”

The crypto group expressed blended opinions, with some customers sharing a bearish sentiment. Some consider that Trump’s possibilities of successful had been clear towards Biden however might considerably cut back relying on the Democratic nominee.

Quite the opposite, others appear to consider that Biden’s rejection of his nomination will likely be bullish for the crypto business whatever the nominee. Moreover, Polymarket reported that Republican candidate Donald Trump maintains a large lead.

Presidential Election Winner prediction. Supply: Polymarket on X

Per the prediction market web site, Trump has a 65% likelihood of successful the presidential election in November, with practically $40 million wager in his favor.

A Change In PolitiFi Memecoin Management

The PolitiFi memecoin sector noticed a shakeout after the information. The worth of Biden-inspired tokens began to drop instantly, with its main token, Jeo Boden (BODEN), shredding practically 60% of its value.

The memecoin went from buying and selling at $0.025 to the $0.01 value vary in half an hour. BODEN additional plunged within the following hours, reaching the $0.0086 help zone. This efficiency represents a 65% and 73% decline within the final 24 hours and 7 days.

The present value represents a 99.2% drop from its April all-time excessive (ATH) when it traded at $1.04. Moreover, the token noticed a 66% market capitalization discount because the announcement, going from $17.5 million to $5.99 million.

Nonetheless, Kamala Harris-inspired tokens surged within the final 24 hours. Kamala Horris (KAMA) was the biggest gainer amongst PolitiFi tokens previously day. KAMA went from hovering between the $0.011-$0.019 degree to the $0.025 value vary in two hours, hovering 150%.

The memecoin, launched in Could, registers a 257% and 1,433% enhance within the weekly and month-to-month timeframes. As of this writing, KAMA has retraced above the $0.015 mark, at present buying and selling at $0.016.

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Trump-inspired tokens additionally noticed a big upswing after Biden’s dropout. MAGA (TRUMP) rose 12% after the information, momentarily reaching the $7.75 resistance degree. In the meantime, MAGA Hat (MAGA), Tremendous Trump (STRUMP), and Donald Tremp (TREMP) rose 13%, 33%, and 25%, respectively.

Memecoin, BODEN, BODENUSDT
BODEN’s efficiency within the three-day chart. Supply: BODENUSDT on TradingView

Featured Picture from Unsplash.com, Chart from TradingView.com

Bitcoin

Kamala Horris (KAMA) Surges 1600% Amid Speculation Of Biden Exiting Presidential Race

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In a latest report by Reuters, hypothesis has emerged concerning the opportunity of President Joe Biden withdrawing from the race for the White Home, resulting in a surge in curiosity across the newly created Kamala Horris (KAMA) meme coin. 

These developments have sparked intrigue in political circles and garnered consideration inside the cryptocurrency trade.

Biden’s Successor? 

In accordance to seven senior sources from the Biden marketing campaign, the White Home, and the Democratic Nationwide Committee, discussions are underway about Vice President Kamala Harris probably changing President Biden because the Democratic nominee if he chooses to not pursue reelection. 

This state of affairs would contain Harris inheriting the funds and marketing campaign infrastructure established by the Biden marketing campaign. Along with her excessive identify recognition and favorable polling amongst Democrats, Harris is taken into account a robust various candidate.

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The cryptocurrency market has additionally reacted to those speculations, with merchants on the crypto-based prediction platform Polymarket witnessing a big improve within the odds of VP Harris changing into the Democratic nominee. 

VP Harris’ possibilities, based on crypto buyers. Supply: Polymarket

The buying and selling of shares indicating a “sure” reply to Harris receiving the nomination jumped from as excessive as 43%, approaching Biden’s numbers, which quantity to a forty five% probability, based on voters, of finishing the race to the White Home.

Kamala Horris Skyrockets Amidst Political Buzz

CoinGecko information additional reveals the impression of those developments on the meme coin market. The Kamala Horris meme coin skilled an astronomical surge, hovering over 174% prior to now 24 hours and an astonishing 1659% over the previous two weeks. 

Its buying and selling worth peaked at $0.01561, reflecting the rising curiosity and uncertainty surrounding the potential shift within the upcoming presidential election.

Kamala Horris
KAMA worth efficiency over the previous month. Supply: CoinGecko

In distinction, CoinGecko reveals that Donald Trump’s parody meme coin, Doland Tremp (TREMP), confronted a decline of over 43% prior to now seven days, at the moment buying and selling at $0.4868. Nonetheless, TREMP nonetheless boasts a considerable market cap of $48 million, surpassing different political meme cash within the crypto house. 

Conversely, President Biden’s parody meme coin, Jeo Boden (BODEN), witnessed a surge of over 22% prior to now hour alone, demonstrating the frenzy amongst crypto buyers in response to the evolving political panorama. 

However, BODEN skilled a 71% worth drop prior to now week, with its present buying and selling worth at $0.04533.

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Finally, these developments maintain implications for the political area and the broader crypto trade. Former President Trump’s pro-crypto stance and emphasis on innovation have been juxtaposed with the regulatory challenges confronted through the Biden administration. 

The dearth of a transparent regulatory framework and enforcement actions introduced by the US Securities and Trade Fee (SEC) over the previous years has raised issues amongst trade members, who argue that such actions could hinder progress and innovation within the nascent crypto house.

Kamala Horris
The every day chart reveals that BTC’s worth is trending downward. Supply: BTCUSD on TradingView.com

In the meantime, Bitcoin (BTC), the main cryptocurrency available in the market, continues to exert its affect on the sentiment of prime cryptocurrencies. Over the previous 24 hours, BTC has skilled a modest decline of three.4%, bringing its present worth to $60,220.

Featured picture from DALL-E, chart from TradingView.com