PolitiFi Tokens Surge 14% As Donald Trump Widens Lead Over Kamala Harris On Polymarket

Political


meme
coins

surged
over
14%
in
the
last
24
hours
after
Donald


Trump

extended
his
lead
over
Kamala
Harris
by
more
than
2
percentage
points
on
Polymarket.

As
the
odds
of
Trump
winning
November’s
presidential
election
rise,
Trump-themed
tokens,
including
MAGA
SHIBA
(MAGASHIB)
and
MAGA
DOGE
(MAGADOGE),
have
soared,
with
MAGASHIB
leading
the
surge
in
political
meme
coins
with
a
207%
pump.

MAGA
Pepe
(MAPE)
and
MAGA
DOGE
(MAGADOGE)
surged
72%
and
67%,
respectively. 

Donald
Trump-Themed
Tokens
Surge
As
Election
Odds
Rise
On
Kalshi
And
PredictIt

Trump’s
odds
of
becoming
president
stood
at
56.2%
as
of
3:40
a.m.
EST,
while
bettors
see
a
43.3%
chance
of
Harris
taking
the
White
House.

In
addition
to
the
rising
odds
on
Polymarket,
Trump’s
lead
on
other
betting
platforms
increased
as
well.


Kalshi,
the
prediction
market
that
just
recently
won
permission
to
list
contracts
based
on
US
elections,
shows
that
Trump
has
a
4%
lead
over
Harris,
with
his
odds
standing
at
52%.

PredictIt

shows
a
smaller
lead,
with
53%
of
the
bets
in
favor
of
Trump
and
52%
for
Harris.

The
former
President’s
growing
lead
had
a
positive
impact
on
the
prices
of
Trump-themed
tokens. Larger-cap
meme
coins
linked
to
the
former
president
also
printed
gains
with
MAGA
(TRUMP)
surging
9%
and
MAGA
Hat
(MAGA)
and
Doland
Tremp
(TREMP)
both
soaring

more
than
18%.

Political
Meme
Coins
Buck
Broader
Market
Trend
As
Investor
Fear
Persists

The
surge
in
political


meme
coins

comes
amid
a
broader
market
downturn.
Crypto
leader
Bitcoin
saw
its
price
drop
below
$59K
in
the
last
24
hours,
but
has
since
recovered
to
trade
above
the
psychological
$60K
mark.
Despite
this,
the
collective
crypto
market
cap
is
still
down
more
than
1%.

Crypto
Fear
&
Greed
Index
Now
:
32
(Fear)#btc

#bitcoin

#crypto

pic.twitter.com/6tmy5KMP1D

—
Crypto
Candy????????
(@cryptocandy24x)

October
11,
2024

Investor
sentiment
in
the
market
is
still
fearful
as
well.
The


Crypto
Fear
and
Greed
Index

shows
that
the
index
took
a
7-point
knock
in
the
last
24
hours,
bringing
it
down
to
32.
This
signals
“Fear”
in
the
market,
according
to
the
sentiment
tracker.

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