MAGA (TRUMP), the favored Trump-themed meme coin has just lately come underneath big promoting stress, hours after the Trump Harris debate ended on Tuesday. The MAGA Worth is presently 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 Worth Tanks Extra Than 10%
With Donald Trump extending huge crypto assist 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 worth topped an all-time excessive of $17.1. Nevertheless, it has misplaced over 80% of its worth since then and presently slipping underneath $3. Regardless of this, it’s nonetheless buying and selling 4513% up as of the present market worth.
This current fall within the MAGA worth comes as Polymarket data confirmed that the percentages of Trump’s election win have tanked by 3% to 49%. Alternatively, Kamala Harris gained floor by 3% after the primary presidential debate.
The talk 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 primary Trump-Harris debate on Tuesday, September 10, mediated by ABC Information didn’t have any point out of crypto, thereby leaving your entire neighborhood a bit disenchanted. That is one space the place Donald Trump holds an higher hand over the Vice President, As CoinGape reported, crypto was fully ignored in Kamala Harris coverage selections.
In yesterday’s debate, the 2 presidential nominees clashed on key points, which have been additionally marred by some private assaults. This 12 months to this point, crypto corporations have spent a complete of $119 million to assist the candidate of their selection by funding tremendous PACs, equivalent to Fairshake PAC.
Former President Donald Trump has been friendlier towards crypto points however the debate, sadly, didn’t see any dialogue over this. Thus, together with the MAGA worth, different Trump-themed crypto are additionally seeing some promoting stress. Trump has promised to finish the “un-American and illegal crackdown” on the crypto business if elected to energy once more in November 2024.
Alternatively, the Kamala Harris crew has been attempting to achieve out to the crypto business with the Crypto4Harris marketing campaign aiming to prop up the picture of the Vice President. Nevertheless, she hasn’t walked the discuss to this point with crypto business gamers stating that there are not any concrete measures from the Harris administration.
Disclaimer: The introduced content material could embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty to your private monetary loss.
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