The US presidential debate that was held yesterday the tenth of September ended with intense exchanges between the candidates, resulting in a noticeable shift in public opinion from Donald Trump to Kamala Harris. The debate also led to some unexpected movements in the emerging market of witty political memecoins, known as the Politifi Meme Coins.
Shift from Trump to Harris
After the debate ended, one could easily spot the shift in the audience support from Trump to Kamala Harris. Political betting odds, including Polymarket polls, that were conducted online showed an increase in ratings for Harris.
Analysts believe that Harris’s approach to political issues along with national issues captivated the audience, managing to sway them away from Trump and towards her.
The Rise of Politifi Meme Coins
Amidst the debate’s outcomes, another surprising trend was waiting in the world of digital assets. The Politifi Memecoins were created to support or mock political figures, their ideologies have gained traction among the crypto community members.
The most popular Politifi Memecoins are:
- ConstitutionDAO: DOA is a decentralized autonomous organization that created this token to make the constitution of the US accessible to all.
- MAGA: MAGA Coin is the acronym for Make America Great Again, a slogan that was used by Trump. This coin was created to symbolize support for Donald Trump.
- MAGAHAT: MAGAHAT Coin is a cryptocurrency token that has been inspired by Trump’s iconic hat.
- TrumpCoin: A decentralized cryptocurrency that was created as a tribute to Donald Trump.
- HarrisToken: A cryptocurrency token that was created to support Kamala Harris’s ideology and initiatives.
After the debate, the coin’s price experienced heightened volatility as traders reacted to the shifts in public sentiments. The HarrisToken, observed a surge of 30% following the debate whereas the TrumpCoin, observed a decline of 15% as the confidence in Trump’s debate performance waned. All the coins that supported Donald Trump, saw a significant decline in their prices in the last 24 hours.
Although these meme coins are highly speculative and volatile, they are becoming a unique reflection of public opinion, reacting swiftly to political events and social media trends.
Also Read: Kamala Harris & Donald Trump Tie on Polymarket after Debate
Credit: Source link
