With the US presidential election approaching, on Sunday, the 21st, Democratic candidate Joe Biden announced his withdrawal. Vice President Kamala Harris has been effectively chosen as his successor and has already begun campaign rallies in preparation for her showdown with Republican candidate former President Donald Trump. This political upheaval has also spread to online casinos and virtual currencies, and an increase in political betting using digital coins has been reported.
Taking advantage of this situation, KAMA, a meme coin with the motif of US Vice President Harris, has recorded a record price surge. In this article, we will explain the current situation and future prospects of KAMA.
KAMA with the motif of US Vice President Harris
With the presidential election approaching in November, there have been many concerns about President Joe Biden’s health since the TV debate held on Thursday, June 27th. And on Sunday, the 21st of this month, President Biden finally announced that he would be withdrawing from the election campaign.
On the other hand, Vice President Kamala Harris is being supported as his successor, and on Tuesday, the 23rd, she held a campaign rally in Wisconsin. As a rival to former President Donald Trump, she is rapidly gaining public support.
And the PolitiFi token KAMA, which is based on her, is showing a big reaction to the momentum of Vice President Kamala Harris.
What is PolitiFi Coin, a new concept in crypto assets?
PolitiFi Coin is a new concept crypto asset that combines Politics, which means politics, and Finance, which means finance.
Its biggest feature is that it is closely associated with certain politicians, political parties, and political events, and its price fluctuates greatly depending on these trends. Due to this political linkage, PolitiFi Coin has a very speculative nature and tends to show high volatility, reflecting the unpredictability of the political world.
KAMA has risen by an astonishing 2,500% or more
KAMA is one of the PolitiFi coins associated with Vice President Harris. Before the June TV debate, the price was around $0.001 per token, but after rumors of President Biden’s withdrawal from the race began, the price changed vigorously. On Wednesday, July 24, it rose to an all-time high of $0.038. This is an increase of more than 2,500% in one month.
PolitiFi coins with Biden and Trump as motifs
While KAMA continues to see record price increases, there are also PolitiFi coins with President Biden and former President Trump as motifs. The price movements of each are introduced below.
BODEN
Of the PolitiFi coins with President Biden as a motif, BODEN has had the highest market value. However, after the announcement of his withdrawal, its price plummeted. The day before the TV debate, it was worth $0.17 per token, but at the time of writing this article, its value has fallen to $0.01.
MAGA
There are several PolitiFi coins with former President Trump as a motif, but MAGA is the one with the most presence. Although the price has been low at $5.90 per token due to the rise in Vice President Harris’ approval rating, it has risen to $9.73 at one point. This rise is largely due to the unprecedented incident in which Trump was shot during an election speech.
KAMA’s Future
To consider the future of KAMA, it is necessary to analyze it from both the political situation and the cryptocurrency market. As the trends of other PolitiFi coins such as BODEN and MAGA show, the value of KAMA is expected to be greatly influenced by the future election situation.
First, it is necessary to consider Vice President Harris’ political stance. Now that Vice President Harris has become the de facto Democratic candidate due to President Biden’s announcement of withdrawal, her policy policy, the trend of her approval rating, and her stance on major issues will have a direct impact on the value of KAMA. For example, if Vice President Harris makes strong claims on environmental policy and social justice, supporters who resonate with her may increase their investment in KAMA.
In addition, the development of the election campaign will also be an important factor. Various events related to the election, such as the debate between Vice President Harris and former President Trump, media exposure, and poll results, are expected to cause price fluctuations in KAMA. In particular, close races just before the election and unexpected political scandals are likely to significantly shake up the price of KAMA.
It is important for investors to comprehensively analyze these factors and carefully evaluate the risks. Investment in KAMA is not simply an investment in a financial product, but has a highly speculative nature that tests the ability to predict political trends and social changes.
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