Political meme cash reacted to President Joe Biden’s resolution to finish his reelection bid for the 2024 U.S. presidential election and endorse Vice President Kamala Harris because the Democratic nominee.
Minutes after Biden’s announcement, the cryptocurrency marketplace for political meme cash skilled notable fluctuations.
The Kamala Horris meme coin surged by 110.4%, buying and selling at $0.02403, with a market cap reflecting its totally diluted valuation of $23,921,482. This coin’s efficiency highlights rising investor confidence in Harris’s political future.
Polymarket information
In response to information on the prediction market web site Polymarket, there’s a considerable 79% likelihood of Harris clinching the nomination. That is evidenced by a staggering $18,908,527 wager on her success.
Different potential nominees path considerably behind, with Michelle Obama garnering a 4% likelihood ($19,302,020 wager), Gavin Newsom at 2% ($15,979,985 wager), and Hillary Clinton additionally at 5% ($18,455,915 wager).
See beneath.
Biden, regardless of his withdrawal, nonetheless has a residual presence with lower than a 1% likelihood, backed by $43,852,015 in bets.
The presidential election outlook additionally paints a compelling image. The Republican nominee, Ex-President Donald Trump, is presently the favored candidate to win the presidency, holding a 65% likelihood with a $38,199,991 wager in his favor.
Harris follows with a 31% likelihood, indicated by $20,334,256 in bets.
Different Democratic contenders like Newsom, Clinton, and Michelle Obama every have a slim 2% likelihood of victory.
Political tokens react to Biden information
The Gabin Noosum (NOOSUM) coin has plummeted by 72.1%, now valued at $0.000296.
The Jeo Boden (BODEN) coin has additionally confronted a big drop, lowering by 55.1% to $0.0106. These declines recommend a shift in market sentiment away from these figures because the political panorama shifts.
With the Democratic major heating up and the overall election on the horizon, all eyes are on Kamala Harris as she navigates the trail to probably changing into the subsequent President of the USA.
The interaction between political developments and the risky world of meme cash underscores the distinctive and unpredictable nature of the 2024 election cycle.
