{"id":586176,"date":"2024-10-11T09:41:40","date_gmt":"2024-10-11T09:41:40","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=586176"},"modified":"2024-10-11T09:41:40","modified_gmt":"2024-10-11T09:41:40","slug":"politifi-tokens-surge-14-as-donald-trump-widens-lead-over-kamala-harris-on-polymarket","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/politifi-tokens-surge-14-as-donald-trump-widens-lead-over-kamala-harris-on-polymarket","title":{"rendered":"PolitiFi Tokens Surge 14% As Donald Trump Widens Lead Over Kamala Harris On Polymarket"},"content":{"rendered":"

Political <\/span>meme coins<\/span><\/a> surged over 14% in the last 24 hours after Donald <\/span>Trump<\/span><\/a> extended his lead over Kamala Harris by more than 2 percentage points on Polymarket.<\/span><\/p>\n

As the odds of Trump winning November’s presidential election rise, Trump-themed tokens, including MAGA SHIBA (MAGASHIB) and MAGA DOGE (MAGADOGE), have soared, with MAGASHIB leading the surge in political meme coins with a 207% pump.<\/p>\n

MAGA Pepe (MAPE) and MAGA DOGE (MAGADOGE) surged 72% and 67%, respectively. <\/span><\/p>\n

\"Trump's<\/p>\n

Donald Trump-Themed Tokens Surge As Election Odds Rise On Kalshi And PredictIt<\/span><\/h2>\n

Trump’s odds of becoming president stood at 56.2% as of 3:40 a.m. EST, while bettors see a 43.3% chance of Harris taking the White House.<\/span><\/p>\n

In addition to the rising odds on Polymarket, Trump’s lead on other betting platforms increased as well. <\/span>Kalshi<\/span><\/a>, the prediction market that just recently won permission to list contracts based on US elections, shows that Trump has a 4% lead over Harris, with his odds standing at 52%. <\/span><\/p>\n

PredictIt<\/span><\/a> shows a smaller lead, with 53% of the bets in favor of Trump and 52% for Harris.<\/span><\/p>\n

The former President’s growing lead had a positive impact on the prices of Trump-themed tokens. <\/span>Larger-cap meme coins linked to the former president also printed gains with MAGA (TRUMP) surging 9% and MAGA Hat (MAGA) and Doland Tremp (TREMP) both soaring <\/span>more than 18%.<\/span><\/p>\n

Political Meme Coins Buck Broader Market Trend As Investor Fear Persists<\/span><\/h2>\n

The surge in political <\/span>meme coins<\/span><\/a> comes amid a broader market downturn. Crypto leader Bitcoin saw its price drop below $59K in the last 24 hours, but has since recovered to trade above the psychological $60K mark. Despite this, the collective crypto market cap is still down more than 1%.<\/span><\/p>\n

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Crypto Fear & Greed Index Now : 32 (Fear)#btc<\/a> #bitcoin<\/a> #crypto<\/a> pic.twitter.com\/6tmy5KMP1D<\/a><\/p>\n

— Crypto Candy🔥💎 (@cryptocandy24x) October 11, 2024<\/a><\/p><\/blockquote>\n