🌎 Kamala Harris Meme Coin Surges Amid Biden 2024 Controversy

According to Polymarket’s bettors’ odds, President Joe Biden holds a 48% probability of securing the Democratic nomination for the 2024 presidential election. Vice President Kamala Harris follows closely with 36% odds.

Politics has become a major topic on Polymarket, where users bet on current events. Despite some Democrats urging him to withdraw over concerns about his age and mental acuity, Biden is determined to run for re-election in 2024. This sentiment grew after a lackluster debate performance against former President Donald Trump, causing anxiety within the Democratic Party and prompting some donors and allies to question Biden’s viability as a candidate.

Biden remains firm in his decision to seek a second term, asserting confidently that he will once again defeat Trump. In a televised interview with George Stephanopoulos, Biden, who would be 86 at the end of a second term, stated, “If the Lord Almighty came down and said, ‘Joe, get out of the race,’ I’d get out of the race… But the Lord Almighty is not coming down.”

Poll Numbers

According to a July 6 Morning Consult poll, Biden continues to underperform Trump among each candidate’s respective 2020 voters and their own party bases. The two presumptive nominees are nearly splitting independent voters evenly.

In key swing states, Biden leads Trump in Michigan and Wisconsin but has no advantage in Arizona, Georgia, Nevada, North Carolina, and Pennsylvania. Among all swing-state voters, 55% believe Biden should not continue his campaign, including 29% of Democrats and 58% of independents.

Biden’s stance has sparked mixed reactions within his party. Some Democratic leaders, including Harris, have shown support for him, while others, like Illinois Representative Mike Quigley, have urged him to step aside for new leadership. Meanwhile, Harris has been working to raise her profile and highlight her achievements, potentially preparing for a succession.

Kamala Harris Meme Coin Soars

The Harris parody meme coin, Kamala Horris (KAMA), has surged in value by more than 429% over the past 14 days. This increase aligns with the controversy surrounding Biden’s status in the 2024 presidential race. According to CoinGecko, KAMA’s price has risen by 44.2% in the past week, currently trading at $0.0073 with a 24-hour trading volume of $759,945. The token’s market capitalization is $7.3 million.

Technical analysis shows KAMA has broken through a key resistance level and is trading above its 50-day and 200-day moving averages, indicating a bullish trend. However, the token’s source code remains unverified and contains potential scam codes, although it does not currently appear to be a scam based on available parameters.

The surge in KAMA’s price coincides with speculation about Harris becoming the Democratic nominee. This has led to increased interest and investment in the KAMA token, with some investors viewing it as a way to capitalize on Harris’ potential candidacy. Despite the recent surge, the token’s price remains highly volatile and speculative, with its long-term viability uncertain.