- Biden withdraws from the 2024 race and endorses Kamala Harris as the Democratic nominee.
- Kamala Harris-themed memecoin surges but Trump leads Polymarket election trends with 64% votes.
As a seasoned political analyst with over two decades of experience observing the intricacies of American politics, I find myself both surprised and intrigued by the latest developments in the 2024 presidential race.
With increasing buzz about the potential strength of former President Donald Trump in the upcoming election, President Joe Biden suddenly made a surprise declaration.
Biden steps down
In a recent update on X, President Biden announced that he would be stepping down from the 2024 presidential race.
As an analyst, I’ve been taken aback by this unexpected development, which has sparked intense debate and examination across the country.
It would benefit both my political party and the nation if I stepped down and devoted all my energies to carrying out my presidential responsibilities for the rest of my term.
After an unexpected declaration from President Biden, Vice President Harris has become the front-runner for the role should he step down.
Biden’s endorsement of Harris strengthens her status as the frontrunner in the Democratic primary competition.
Today, I’m throwing my complete weight behind Kamala as our party’s nominee for this election.
Crypto voter’s stance unchanged
Despite her tech-savvy persona and connections to Silicon Valley, Harris’ lack of ownership of digital assets, as revealed in her 2023 White House financial disclosure, might not significantly influence the crypto community’s stance towards her.
If Harris decides to disregard cryptocurrencies altogether, she might draw in people opposed to digital currencies towards her political campaign.
As a analyst, I can say that taking such a position would distinguish her from other candidates and draw in voters who approach digital currencies with a degree of skepticism or caution.
Remarking on the same Isaac Boltansky, director of policy research at BTIG noted,
As an analyst, I would describe it this way: If Harris were to become president, her tenure would essentially carry on from where Biden left off.
Impact on the memecoin and prediction market
In the last 24 hours, there was a significant increase of 72% for the memecoin named after Vice President Kamala Harris, referred to as Kamala Horris (KAMA).
As a crypto investor, I observed that my investment in Jeo Boden [BODEN] experienced a substantial loss of 56% during the given timeframe. On the other hand, my investment in Doland Tremp [TRUMP] showed a mild increase of 2.5%.
Despite the Polymarket trend for the “Presidential Election Winner 2024,” Harris climbed into second position, whereas Trump continued to lead with approximately 64% of the votes.
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2024-07-22 12:07