MAGA (TRUMP), the favored Trump-themed meme coin has lately come beneath enormous promoting stress, hours after the Trump Harris debate ended on Tuesday. The MAGA Price is at the moment down 10.72% buying and selling at $2.88 with a market cap of $126 million. This occurred as the percentages of Donald Trump’s election win dropped following the primary Trump-Harris presidential debate.
MAGA Price Tanks More Than 10%
With Donald Trump extending huge crypto help in his presidential marketing campaign all of the Trump-themed meme cash have been on an upside rise this 12 months. Earlier in June this 12 months, the MAGA value topped an all-time excessive of $17.1. However, it has misplaced over 80% of its worth since then and at the moment slipping beneath $3. Despite this, it’s nonetheless buying and selling 4513% up as of the present market value.
This current fall within the MAGA value comes as Polymarket data confirmed that the percentages of Trump’s election win have tanked by 3% to 49%. On the opposite hand, Kamala Harris gained floor by 3% after the primary presidential debate.
The debate ends with Trump and Harris tied.
55 days to go. pic.twitter.com/MGpsIl6It8
— Polymarket (@Polymarket) September 11, 2024
Trump Harris Debate Skips Crypto Talks
The first Trump-Harris debate on Tuesday, September 10, mediated by ABC News didn’t have any point out of crypto leaving all the group a bit upset. This is one space the place Donald Trump holds an higher hand over the Vice President with no crypto mentions in current Kamala Harris policy decisions.
In yesterday’s debate, the 2 presidential nominees clashed on key points, which had been additionally marred by some private assaults. This 12 months to date, crypto corporations have spent a complete of $119 million to help the candidate of their selection by funding tremendous PACs, similar to Fairshake PAC.
Former President Donald Trump has been friendlier towards crypto issues however the debate, sadly, didn’t see any dialogue over this. Thus, together with the MAGA value, different Trump-themed crypto are additionally seeing some promoting stress. Trump has promised to finish the “un-American and unlawful crackdown” on the crypto trade if elected to energy once more in November 2024.
On the opposite hand, the Kamala Harris group has been making an attempt to succeed in out to the crypto trade with the Crypto4Harris marketing campaign aiming to prop up the picture of the Vice President. However, she hasn’t walked the speak to date with crypto trade gamers stating that there are not any concrete measures from the Harris administration.
Bhushan Akolkar
Bhushan is a FinTech fanatic with a eager understanding of monetary markets. His curiosity in economics and finance has led him to concentrate on rising Blockchain expertise and cryptocurrency markets. He is dedicated to steady studying and stays motivated by sharing the information he acquires. In his free time, Bhushan enjoys studying thriller fiction novels and sometimes explores his culinary abilities.
Disclaimer: The introduced content material could embody the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any duty to your private monetary loss.
