A new meme coin KAMA, themed on the U.S. Vice-President Kamala Harris is grabbing the new headlines. Driven by the emerging role of Harris as the presumptive Democratic nominee for the 2024 presidential race. The bookmakers give Kamala Harris a 93% chance of being the Democrat Presidential candidate.
How Political Changes Sparked $KAMA’s Surge
Since President Joe Biden’s abrupt exit from the race, Kama meme coin has seen an impressive over 100% overnight increase, reaching $0.03707. This boost represents a staggering 1226.74% rise over the past week and an extraordinary 2993% gain over the past month.
The upcoming U.S. elections have filled the crypto market with a lot of surging meme coins. We have seen a number of meme coins themed on Donald trump and Joe Biden performing great. After the failed brutal assassination attempt, the MAGA meme coins went crazy adding huge numbers to their market cap. After Biden declared his withdrawal from the presidential race, the Biden themed coins plummeted deeply.
These changes in prices of crypto currencies are a clear indication of how shifts in the political environment have a great impact on digital currencies.
Market Reactions for KAMA
The enthusiasm around the KAMA meme token is not just about political shifts. This is also about the rise in market confidence. Kamala Harris getting a 93% confidence is fueling the price of this meme coin.
At the time of writing KAMA meme token is trading at a price of $0.03062 with a market cap of $30.86 million. Just 12 hours ago, at the peak, this token had a total market cap of $39.75 Million.
Harris’s Stance for Crypto
Everyone is well aware that Donald Trump is a pro-crypto and will be appearing at the Bitcoin conference 2024. However, as of now Kamala Harris has not disclosed her stance on the crypto industry. According to the sources, she is not unfamiliar with the industry and technology, she is just not talking about it as of now. It is quite possible that some expert from the Democratic party or Harris herself will mention the industry in the upcoming weeks. The crypto world is waiting to see the market reaction and impact when such a thing happens.
