As a seasoned political analyst with years of experience observing and analyzing presidential campaigns, I believe that Joe Biden’s decision to end his campaign for a second term marks a significant shift in the 2024 race. This announcement came as a surprise to many, considering the recent pushback he faced following a lackluster debate performance.
On Sunday, U.S. President Joe Biden made an announcement that he won’t seek re-election for a second term. Consequently, meme coins linked to his presidential campaign took a hit, while the likelihood of Republican nominee and former President Donald Trump on Polymarket’s prediction market experienced a slight uptick.
According to the latest Polymarket prediction, Vice President Kamala Harris is currently the frontrunner for the Democratic Party’s nomination in the 2024 presidential race. In his farewell letter and a subsequent tweet, President Biden expressed his support for Harris following the announcement of his campaign termination.
Today, I strongly advocate for Kamala as our party’s nominee this year. Democrats, it’s crucial that we unite and work towards defeating Trump. Let’s make it happen. (This post was shared on platform X.)
After several weeks of opposition from over a dozen Democratic lawmakers, Biden’s decision to leave was made following a disappointing debate performance in late June.
After the president’s announcement, the value of BODEN, a meme coin making light of political figures, dropped by almost half. On the other hand, KAMA, a coin representing Vice President Harris, saw its price nearly double.
As a researcher, I’d like to share that the 2024 presidential election, along with determining the president, will provide opportunities for citizens to cast their ballots for members of the U.S. House of Representatives and Senate as well. This significant event is scheduled to unfold this coming November.
UPDATE (July 21, 2024, 18:38 UTC): Adds KAMA doubling in price, updates bitcoin’s price reaction.
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2024-07-21 21:43