This article explores the impact of former President Barack Obama’s endorsement of Kamala Harris on the crypto market, particularly the Kamala Horris memecoin.
Points
- Barack Obama and his wife endorse Kamala Harris for the presidential race.
- Harris’s poll numbers rise, approaching Donald Trump’s.
- The endorsement boosts the Kamala Horris （KAMA） memecoin by 30%.
After President Joe Biden announced his withdrawal from the presidential race, former President Barack Obama and his wife publicly endorsed Kamala Harris. Obama made a statement emphasizing their belief in Harris’s potential to become an excellent President and vowed to do everything possible to ensure her victory. Obama’s declaration came amid rumors of his lack of support for Harris, which were dispelled by his public backing.
Simultaneously, Harris’s poll numbers have been rising, with Polymarket data showing her odds reaching 38%, nearing Donald Trump’s. This speculation about her political future has also driven Polymarket’s monthly trading volume to record highs. In related developments, Trump has backed out of a scheduled September debate with Harris, who expressed her readiness and eagerness for the face-off.
The endorsement has had a notable impact on the crypto market, particularly the Kamala Horris （KAMA） memecoin. Following Obama’s support, KAMA saw a 30% price increase. Polymarket data indicates rising odds for Harris, mirrored in the increased trading volume. KAMA outperformed other memecoins like MAGA and TREMP, which only saw a 10% rise. This development underscores the interconnectedness of political endorsements and market movements in the digital currency space.
解説
- Political endorsements can significantly influence the crypto market, particularly memecoins tied to political figures.
- The rising poll numbers and trading volume for Harris indicate strong market interest and potential for further gains.
- Investors should consider the impact of political developments on their crypto investments, particularly in highly speculative assets like memecoins.
- Understanding the broader context of political endorsements can help investors anticipate market movements and make informed decisions.