If there's one criterion crypto investors have in mind, it's that if President Joe Biden leaves office, Kamala Harris will be his successor.
Yes, following his disastrous performance in last week's presidential debate, luck continues to fall from the trees for Biden, shaking his confidence that he can beat Donald Trump in November's general election, and nowhere is this more crazy than in the world of cryptocurrency.
On PolyMarket, a fast-growing predictions market, Harris' chances of being the nominee have soared from 7% today to a midday peak of 31%. President Joe Biden remains in the lead at 58%, followed by Michelle Obama at 7% and California Gov. Gavin Newsom at 3%.
About $75.6 million worth of bets have been placed on the poll.
By comparison, another PolyMarket poll showed the chances of Biden dropping out rose to 45% today, up 10 percentage points. Since a high 50% prediction on June 29, two days after the debate, the probability has fluctuated within 10 percentage points.
Meanwhile, $KAMA, Solana's meme coin chosen to represent the vice president, rose 127% to $0.00843 as of 2:00 PST today, according to CoinGecko. It has a market cap of $8 million. There are 1,171 wallets trading the coin, according to DexScreener. By comparison, $NOOSUM, a tribute coin to Newsom with a market cap of $2.7 million, rose 21.9% to $0.0043.
Not to mention that Solana's favorite Biden coin, $BODEN, has fallen 70% since last week and is hovering around 5 cents, according to CoinGecko. That's a fraction of the value of Donald Trump's coin, $TREMP, which is trading at around $0.55.
Meme coins are powered solely by meme energy and are of course highly volatile, dropping to zero frequently. If you're looking for something that will retain at least some value, Kamala Harris Proof Coin The Hamilton Collection, or Future 47th and first female president coin on eBay. Both are always useful for a coin toss.
