Coingecko data confirmed the increased demand and price of KAMA amid calls by some US Democrats for US President Joe Biden to resign. Independent blockchain researcher Luke Martin posted on X claiming Kamala Harris is the more likely replacement. Coingecko data shows that KAMA’s “all-time” price has increased by 2,039%.
Data on Coingecko’s “analytics platform” shows that while the current KAMA price is 20.31% below its ATH, it is up 662.6% over the past week. The data also reveals that KAMA’s fully diluted volume (FVD)* stands at $15.7 million.
KAMA is forking away from other PolitiFi memecoins
Coingecko data shows that KAMA’s real-time price increased by 30% in the past 24 hours, while BODEN and TREMP prices decreased by 19.5% and 6.5%, respectively. The PolitiFi memecoin market also fell by nearly 10% overall, despite KAMA’s stellar performance.
While KAMA’s total market supply is 995,559,218, the data also reveals BODEN’s total supply is 690,325,163 and the top-performing Trump-related memecoin (TREMP) has a total supply of 99,980,852.
Kamala Harris has risen to prominence as some Democrats donate her after the Trump-Biden debate.
“After deep reflection over the past few days, I truly believe our best path forward is Kamala Harris…The Vice President will be able to address this better and more clearly than President Biden ever could,” Tim Ryan shared.
The endorsement of Kamala by Tim Ryan and US Rep. James Clyburn is one of the reasons why KAMA is outperforming other political memecoins.
Polls Support Kamala Harris’ KAMA Speculation Surges
According to data from crypto prediction platform Polymarket, Biden’s odds of defeat have increased by 45% since the debate. Polls in early July showed that more than 75% of U.S. voters and 50% of U.S. Democrats oppose Biden’s reelection. At the time of writing, traders on Polymarket gave Biden just a 12% chance of winning the 2024 presidential race.
Source: Polymarket
One survey Another July 3 poll by Siena College and the New York Times confirmed a 5% increase in Trump’s approval rating, with 75% of respondents saying Biden was “too old to assume leadership.”
“It is entirely legitimate to question whether Biden’s debate performance was a “condition” or just an “episode,” said former House Speaker Nancy Pelosi.
Kamala’s growing popularity has also been demonstrated in survey FiveThirtyEight’s poll puts Trump ahead by 2.3 percentage points as Democratic lawmakers, media outlets and voters pressure Biden, 81, to drop out of the November election.
Four House Democrats point to Biden’s poor polling as the reason why a majority of the caucus is calling for Biden to retire from active politics.
*Fully Diluted Valuation (FDV) is a term used to describe the total value of a digital asset if all potential tokens were issued and in circulation. Specifically, FDV is calculated by multiplying the current price of a token by the maximum total number of tokens that would exist after all possible tokens were released to the market. This is a way to evaluate the potential market capitalization of a digital asset in the case of maximum supply.
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According to Cryptopolitan
