Memecoins
Harris-themed meme coin KAMA surges 1226%
A new virtual currency, KAMA, featuring the image of US Vice President Kamala Harris, is making headlines. Indeed, Kamala Harris’ role as the presumptive Democratic presidential nominee in 2024 is booming. Bookmakers give Kamala Harris a 93% chance of being the Democratic presidential nominee.
How political changes triggered KAMA’s rise
Since President Joe Biden dropped out of the listing race, the Kama cryptocurrency has seen an impressive increase of over 100% overnight, reaching $0.03707. This increase represents a staggering 1,226.74% increase over the past week and an extraordinary 2,993% gain over the past month.
Source: Dexscreener
The upcoming US elections have filled the cryptocurrency market with many booming meme coins. We have seen a number of Donald Trump and Joe Biden themed meme coins perform amazingly. After the brutal assassination attempt failed, MAGA meme coins went crazy, adding huge numbers to their market cap. After Biden declared his withdrawal from the presidential race, Biden themed coins fell deeply.
These changes in cryptocurrency prices are a clear indication of how changes in the political environment are having a significant impact on digital currencies.
Market reactions for KAMA
The excitement around the KAMA meme token is not just about political changes. It is also about the increase in market confidence. The fact that Kamala Harris has a 93% trust rating is fueling the price of this meme coin.
Source: Polymarket
At the time of writing, the KAMA meme token is trading at a price of $0.03062 with a market cap of $30.86 million. Just 12 hours ago, at its peak, this token had a total market cap of $39.75 million.
Source: Dexscreener
Harris’s Stance on Cryptocurrency
Everyone knows that Donald Trump is pro-crypto and that he will be attending the Bitcoin 2024 conference. However, so far, Kamala Harris has not revealed her stance on the crypto industry. According to sources, she is no stranger to the industry and technology, but she is not talking about it at the moment. It is quite possible that a Democratic Party expert or Harris herself will talk about the industry in the coming weeks. The crypto world is waiting to see the market reaction and the impact when such a thing happens.