In the dynamic world of cryptocurrency, the memecoin $KAMA, associated with Kamala Harris, has experienced a remarkable surge of 630% over the previous week, as per the latest market insights. Although it’s trading 20% below its peak value, the current price showcases a substantial uptrend, fueled by the escalating calls for President Biden’s retirement.
In contrast, other politically-themed memecoins, namely BODEN and TREMP, witnessed a decline in their value by 24.9% and 20.2%, respectively. Meanwhile, $KAMA’s value rose by 26.9%, even as the politiFi memecoin sector saw a near 10% decrease overall.
The circulating supply of $KAMA stands at roughly 995.5 million tokens, which is notably higher than the 690.3 million BODEN tokens and 99.9 million TREMP tokens. At the moment of reporting, KAMA’s price has reached $0.01447, marking a 22% increase within a 24-hour timeframe.
The memecoin $KAMA witnessed a staggering 250% gain on Thursday, coinciding with the intensifying pressure on #JoeBiden to withdraw from the presidential contest following an underwhelming debate performance against #DonaldTrump.
$KAMA’s market capitalization has ballooned from $3.5 million to nearly $11.9 million, reflecting the coin’s growing traction.
Kamala Harris has seen a surge in popularity, particularly among Democratic supporters, post the Trump-Biden debate. Tim Ryan of the Wall Street Journal expressed his support, saying, “I am convinced that our optimal strategy is Kamala Harris… She can articulate our stance more effectively and lucidly than President Biden.”
Endorsements from political stalwarts like Tim Ryan and James Clyburn have played a pivotal role in elevating $KAMA’s status in comparison to its political memecoin counterparts.
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The perspectives and opinions presented by the author or any individuals mentioned herein are solely for informational purposes and should not be interpreted as financial, investment, or other forms of advice. Engaging in cryptocurrency investments or trading poses a risk of monetary loss.
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