United

Donald Trump

Bitcoin

<ul class="wp-block-list">
 <li>The significant push in the price of these cryptos is mainly due to the election hype and other political events happening within boundaries.</li>
 <li>Yesterday, meme coins based on Trump saw a fall-off because of some heated statement made by the ex-president.</li>
 <li>Now, after analyzing the situation, one can conclude that investors are inclined towards Trump and his victory.</li>
</ul>
Some meme coins that mainly revolve around the ex-president of the United States, Donald Trump have witnessed whooping gains including MAGA Hat, Doland Tremp, BABYTRUMP, STRUMP, and many more. The reason for this is said to be the significant rise of about 5.4% in the overall market capitalization which eventually took it over $685 million in valuation.&nbsp;
Many meme coins revolve around Vice President Kamala Harris also but as of now, only Kamabla is the one which witnesses an upward trajectory. On November 3, Kambala went up over 32.7% facing a high of $0.00078 and a low of $0.00049 on the same day.&nbsp;
The Presidential election in the United States is set to be carried out on November 5 and due to this, the above-mentioned meme coins have dragged a lot of attention towards it. This election is speculated to transform the crypto industry mainly in the United States and otherwise at the global level.&nbsp; The chance of winning 
Data from Polymarket, an online prediction market platform has revealed that on October 30, the chance of <a href="https://news.todayq.com/donald-trumps-55-3-chance-of-winning-polymarket-data-shows/" target="_blank" rel="noopener noreferrer nofollow">winning</a> of Trump was 66.9% but as of now it has slipped to 56% only. At the same time, the chances of winning Harris went up from 33.5% to 44%.&nbsp;
This clearly shows a shift in the market sentiment, as a result of investors inclining toward the idea of the uncertain result established over historical imprecision of polls as seen in the last elections.&nbsp;
Yesterday, meme coins based on Trump saw a fall-off because of some heated statement made by the ex-president at the time of the Milwaukee rally of a republican candidate. However, the damage was not for a prolonged period and has recovered today.&nbsp; Trump- a crypto-friendly president?&nbsp; 
Now, after analyzing the situation, one can conclude that investors are inclined towards Trump and his victory. Trump is often called a crypto-friendly president due to his statements and works towards this industry.&nbsp;
He has also given words to introduce aBitcoin reserve in the United States and this reserve will mainly focus on restraining the U.S. debt of about $35 trillion over time in the coming future. He also promised the citizens of the United States to make it the crypto capital of the planet.&nbsp; 
The significant push in the price of these cryptos is mainly due to the election hype and other political events happening within boundaries. Now the surge in the price of these tokens will be highly driven by the election results.&nbsp;
Although many analysts believe that if these tokens include tangible utility then they will not be a meme coin anymore and can stabilize their foot in the market more firmly.&nbsp;

Trump-based meme coin witnesses a significant surge, what does it signify?

Todayq News

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