On July 23, the Kamala Horris (KAMA) meme token dedicated to Democratic presidential candidate Kamala Harris grew by 62%, breaking its price record at $0.02821.
According to CoinGeckothe coin’s capitalization is approximately $27 million. From the minimum on June 18, KAMA has shown growth of almost 4000%, after the current President Joe Biden withdrew from the election and supported the candidacy of Harris. The Democratic nominee will be formally approved at the convention in August.
On the prediction platform Polymarket A total of 92% of traders bet $28.8 million on Harris being confirmed as the Democratic nominee, with Michelle Obama the next favorite at 5%.
Republican candidate Donald Trump is leading in a head-to-head race with Harris, according to 65% of traders.
The US election campaign has driven Polymarket’s metrics to a stellar level. The platform’s transaction volume has grown to $228 million since early July, more than any other month in its history.
Unlike Trump, who has expressed support for the cryptocurrency market and announced a speech at the Bitcoin 2024 conference, Harris has not publicly stated her position on digital assets or strategy for regulating them.
Trade association The Digital Chamber has written an open letter to her calling for her to reconsider her party’s position on the issue.
📢 This morning, we sent a letter to @VP with important requests to support the #digitalasset industry. It’s in the best interest of the American people for Democrats to embrace this technology fully. @VP has a unique chance to lead this change. Here are our 3 key asks:👇 pic.twitter.com/9QkjQ1fxEx
— The Digital Chamber (@DigitalChamber) July 22, 2024
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Source: Cryptocurrency
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