Kamala Harris Memcoin (KAMA) jumped almost 10% in a moment, becoming one of the growth leaders in the PolitiFi sector. The jump in value was facilitated by Vladimir Putin, who announced his support for Kamala Harris in the US presidential elections.
Despite high volatility and the fall of Bitcoin (BTC) to $56 thousand, PolitiFi tokens are showing positive dynamics.
Putin supports Kamala Harris
During his speech at the Eastern Economic Forum (EEF), Vladimir Putin expressed support Kamala Harris. The Russian President noted that his previous favorite was the current US President Joe Biden.
Biden dropped out of the presidential race in late July, and the Democratic Party nominated Vice President Kamala Harris to replace him.
This year, the Republican candidate is Donald Trump. Putin has become less trusting of him and even explained why:
Putin’s words caused the price of the KAMA memecoin to rise by 10%, reaching $0.009699. However, the growth was short-lived. At the time of writing, Kamala Horris is trading at $0.008508, down 2.4% over the past hour, according to CoinGecko.
The crypto market is expecting potential volatility next Tuesday, September 10, when the Trump-Harris debate will take place.
Cryptans are hoping that the candidates will discuss the issue of crypto regulation in the US. Both Republicans and Democrats are showing increasing interest in digital assets, trying to attract crypto voters to their candidates.
Donald Trump, for example, took part in the Bitcoin 2024 conference. During his speech, the politician promised to fire the head of the US Securities and Exchange Commission (SEC) Gary Gensler and turn America into the global crypto capital.
Donald Trump vs. Kamala Harris. Source: Polymarket
Kamala Harris is being more modest. No one knows what specific views the vice president holds regarding crypto assets. However, the politician has already held meetings with leaders of the crypto industry. In addition, her team has created a support group, Crypto for Harris.
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Source: Cryptocurrency

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