Crypto prices continue to see substantial downside risk as investors de-risk ahead of Election Day.
While Donald Trump was leading comfortably on betting sites like Polymarket and Kalshi until recently, Kamala Harris has covered up significant ground over the past 3 days.
Some polls now have the Democratic Vice President winning on Tuesday, which could result in a sharp decline in crypto prices in the short term.
However, could Kamala Harris meme coins offset any potential losses? Indeed, KAMABLA and KAMA prices have skyrocketed over the past few days. A new PolitiFi coin FreeDum Fighters is also in high demand, with some calling it the next 25x crypto.
Will A Kamala Win End The Crypto Bull Market? Experts Answer
Former president Donald Trump is the pick for a majority of crypto investors, owing to his promises of firing SEC Chair Gary Gensler and setting up a Strategic Bitcoin Reserve.
Unsurprisingly, a Trump win is expected to be bullish for crypto in the short term. $725 billion asset management firm Bernstein expects the Bitcoin price to hit $90,000 in the aftermath of Donald Trump’s re-election.
On the contrary, a Kamala Harris win could result in a sharp decline in crypto prices. As such, Bitcoin is currently trading just above its crucial $67,800 support level while meme coins are attempting to hold their respective 99-day Smoothed Moving Average.
⚠️ Many memecoins have lost key 99smma support on daily time frame. ⚠️ https://t.co/pZeZO80yGy
— Nebraskangooner (@Nebraskangooner) November 3, 2024
A Harris win could trigger a breakdown below these levels, resulting in a sharp decline in crypto prices.
However, Bernstein also projects that any downside volatility in Bitcoin will largely be short-term. Regardless of who wins the US Presidential election on Tuesday, the $725 billion asset management firm expects BTC to reach $200,000 by 2025.
JUST IN: $725 billion Bernstein predicts a #Bitcoin price of $200,000 by end of 2025, regardless of the US election result.
— Watcher.Guru (@WatcherGuru) November 4, 2024
Nevertheless, the odds of a Kamala Harris victory could no longer be ignored. In fact, the latest polls have her as a slight favourite, including the latest Ann Selzer bombshell poll which has the Democratic Vice President winning Iowa by 3 points. For the uninitiated, Donald Trump picked up Iowa comfortably in 2016 and 2020.
Famed Pollster Ann Selzer, who has accurately called Iowa for years, explains the new data which has Harris leading Trump in the state by three points: "No one, including me, would have thought that Iowa could go for Kamala Harris." pic.twitter.com/f6wccEF607
— Amee Vanderpool (@girlsreallyrule) November 4, 2024
Best Kamala Harris Meme Coins To Watch
Smart money investors appear to be buying low-cap Kamala Harris meme coins as a bet on Harris’ victory.
For instance, the Kamabla price is up by 30% today on Monday and is trading at $0.0008. Interestingly, KAMABLA is a micro-cap meme coin with a market cap of just $684k. Consequently, it could see massive growth in the event of a Harris victory.
Similarly, Kamala Horris (KAMA) is up by 120% over the past two weeks. It is currently trading at $0.0133 with a market capitalization of $13.2 million.
However, these meme coins do come with considerable risk. The race for the White House remains a dead heat and a Trump victory could send the aforementioned coins to zero.
Unsurprisingly, a new nonpartisan PolitiFi project is creating a strong buzz.
Could FreeDum Fighters Be The Best Crypto To Buy Now?
FreeDum Fighters (DUM) is capitalizing on the ongoing election frenzy, having already raised $420k in a few days.
We have reached a great milestone that will push these elections forward a great distance!$400k raised in the $DUM presale 🌟 pic.twitter.com/uBA9p53YDh
— FreeDum Fighters (@Freedum_Fighter) November 2, 2024
Unlike the aforementioned coins, the project doesn’t have a favourite. Instead, it offers an entertaining twist on the viscous real-world politics, which has impressed many prominent crypto investors.
FreeDum Fighters is simulating the US Presidential Election in an alternate, highly mechanized universe. DUM holders get to vote for either of the two champions - Magatron or KAMACOP 9000, while also earning attractive passive income.
Each champion has a staking pool with a different reward rate. Through its novel vote-to-earn platform, DUM holders can stake their coins in either pool and earn staking rewards at an industry-high rate.
Alternatively, they can also win secret airdrops by participating in weekly debates. Engage in light-hearted banter from the side of your champion and earn free DUM coins.
Aside from the attractive monetary perks, FreeDum Fighters boasts community-centric tokenomics, a transparent roadmap and multiple security audits.
Unsurprisingly, prominent crypto influencers are bullish on the new meme coin, with some even eyeing up to 25x returns after its launch.
Visit FreeDum Fighters Presale
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
