Donald Trump

United

Biden

Joe Biden

<p class="is-style-lead">Because of speculation over Joe Biden’s future in the 2024 presidential race, memecoins tied to potential successors like Kamala Harris have surged, which contrasts with volatile trajectories of Biden-inspired “Joe Boden” and “MAGA” coins.</p>
<p class="is-style-default">As the United States enters election season, it’s becoming evident that both campaigns are using crypto funds and conversions much more than in previous years.&nbsp;</p>
<p>According to recent <a href="https://www.nytimes.com/2024/07/03/us/politics/biden-withdraw-election-debate.html" target="_blank" data-type="link" data-id="https://www.nytimes.com/2024/07/03/us/politics/biden-withdraw-election-debate.html" rel="noopener noreferrer nofollow">reports</a>, there is speculation about Biden considering his future in the 2024 race, causing traders on Polymarket to raise the odds of the Democrat dropping out to nearly 80% on Wednesday, up from 55% earlier.&nbsp;</p>
<p>This sudden increase follows a week of volatility in <a href="https://polymarket.com/event/will-biden-drop-out-of-presidential-race?tid=1719581109884" data-type="link" data-id="https://polymarket.com/event/will-biden-drop-out-of-presidential-race?tid=1719581109884" target="_blank" rel="noopener noreferrer nofollow">Polymarket’s</a> “Biden drops out of presidential race?” market, which has attracted nearly $10 million in bets. Before last week’s debate with Donald Trump, the odds of the same question were at 20%.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The White House Denies the NYT Report That Biden Is Considering Dropping Out <br><br>More: <a href="https://t.co/M05zqxRpjN" target="_blank" rel="noopener noreferrer nofollow">https://t.co/M05zqxRpjN</a> <a href="https://t.co/WMUTAmgnDt" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/WMUTAmgnDt</a></p>— Rolling Stone (@RollingStone) <a href="https://twitter.com/RollingStone/status/1808521179423989799?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 3, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>The White House denied all reports that Biden is considering dropping out.</p>
<h2 class="wp-block-heading" id="memecoins">Memecoins&nbsp;</h2>
<p>Memecoins associated with Joe Biden and Donald Trump have <a href="https://crypto.news/trump-biden-meme-coins-surge-after-trump-meets-with-nft-holders/" target="_blank" data-type="link" data-id="https://crypto.news/trump-biden-meme-coins-surge-after-trump-meets-with-nft-holders/" rel="noopener noreferrer nofollow">experienced significant fluctuations</a> in recent months. But these recent reports on Biden’s health have caused a surge in memecoins for his potential successors.</p>
<p>Joe Boden (<a href="https://crypto.news/biden-meme-coin-surges-polls/" data-type="link" data-id="https://crypto.news/biden-meme-coin-surges-polls/" target="_blank" rel="noopener noreferrer nofollow">BODEN</a>) coin has had quite a rocky six months. BODEN <a href="https://crypto.news/biden-memecoin-super-tuesday/" data-type="link" data-id="https://crypto.news/biden-memecoin-super-tuesday/" rel="noopener noreferrer nofollow">surged to nearly $0.80</a> in April before tanking to a current price of $.035. That’s an over 95% decrease in value from all-time highs.&nbsp;</p>
<p>The MAGA (<a href="https://crypto.news/heres-why-trump-tokens-maga-strump-trump-dropped-after-debate/" data-type="link" data-id="https://crypto.news/heres-why-trump-tokens-maga-strump-trump-dropped-after-debate/" rel="noopener noreferrer nofollow">TRUMP</a>) coin has experienced similar volatility. It hit an all-time high of $17.37 in June before dropping to a current price of $5.35.&nbsp;</p>
<h2 class="wp-block-heading" id="biden-s-replacement-memecoins">Biden’s replacement memecoins&nbsp;</h2>
<p>In the last 24 hours, memecoins inspired by political figures who could replace Joe Biden, like “Kamala Coin” (inspired by Vice President Kamala Harris) and “Buttigieg Bucks” (inspired by Pete Buttigieg), have surged in their market value.</p>
<p>Kamala Coin (<a href="https://www.coingecko.com/en/coins/kamala-horris" target="_blank" rel="noopener noreferrer nofollow">KAMA</a>) increased by over 110% last day.&nbsp;</p>
<p>According to CoinGecko data, another memecoin, “Gabin Noosum” (NOOSUM), has rallied 15% in the past 24 hours and a coin inspired by independent presidential candidate Robert F. Kennedy Jr., the misspelled “Ruburt F Kenidy Jr” ( KENIDY), has gained 10% in the same period.</p>

Is Biden dropping out? These Biden replacement memecoins are surging

Daftar Isi

crypto.news

Artikel lain yang dipublikasikan pada 3 Jul 2024

Bitcoin Falls Due to Whale Actions

MoonBag Presale Dominates as Being Best Meme Coin Presale: A Step Ahead of BlastUP and Sealana

The Superior Meme Coin: Why Shiba Inu and ImmutableX Investors Crave for MoonBag Scalability

Jefferies Chief Strategist Chris Wood Justifies Corporate Allocation To Bitcoin

Ripple Challenges SEC’s Regulatory Approach in Ongoing Legal Battle

Crypto exchange Backpack hires Citibank veteran as head of audit

Bergabunglah dengan buletin gratis kami untuk pembaruan kripto harian!