Kamala Horris (KAMA) Coin Price Rises When Biden Resigns

Bittime - The price of the Kamala Horris Coin (KAMA) is rising. IThis happened after President Joe Biden's announcement that he would withdraw from the 2024 general election (election) on Sunday (21/7) evening.

A meme coin called Kamala Horris (KAMA) based on the Solana blockchain soared drastically by 57% in the last 24 hours. On the other hand, the value of the Biden family's meme coins, namely Jeo Boden (BODEN), Jill Boden (JILLBODEN), and Hunter Boden (HUNTBODEN) actually plummeted. 

BODEN fell 57%, JILLBODEN plunged 82%, and HUNTBODEN collapsed 32% in a matter of hours.

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KAMA Price Increase due to Investor Speculation

It is strongly suspected that the increase in KAMA prices was due to investor speculation. The prediction market currently favors Vice President Kamala Harris as the official candidate of the Democratic Party. This increase made KAMA break its price record at IDR 419 (US$0.02571) per coin.

Even though it had soared high, the KAMA price is currently around IDR 276 (US$0.01708) per coin, down 27% from its record high. Compare that to the meme coin MAGA (TRUMP) which is down 4% today. 

However, in the last two weeks, TRUMP jumped 39.5% against the US dollar. Another meme coin, Super Trump (STRUMP) even jumped 25% on Sunday and is up 34% in the past week. 

STRUMP recorded an increase of 86% in the last two weeks. The meme coin "Kennedy Memecoin" (BOBBY) also experienced an increase of 20.4%.

US Political Figures Meme Coin Fluctuations

The wild fluctuations in these meme coins illustrate the market's sensitivity to political developments. Biden's decision to withdraw from the nomination changed the US political map. Investor sentiment also shifts, impacting the value of related cryptocurrencies.

In contrast to KAMA's fate, the drastic decline in the Biden family's meme coins and the increase in the coins of the opposing camps, TRUMP and STRUMP, show how unpredictable the value of meme coins is. In meme coins, political events and public perception play an important role in determining price rises and falls.

What is certain is that this US presidential election will be one of the wildest in history. These politicians' meme coins also add to the unique spice of the democratic party in Uncle Sam's country.

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You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

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