Newton Gitonga
The probability of Vice President Kamala Harris becoming the new Democratic leader for the 2024 presidential elections has soared this week.
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Indeed, things have changed since the latest presidential debate, and many believe Biden will hardly defeat Donald Trump during the general election in November.
Meanwhile, the latest statistics favor Kamala Harris as Biden’s replacement, with her chances of being the nominee increasing from 7% to 31% within a day.
However, 20% remain undecided, whereas 17% go with Gavin Newsom. Biden’s chances of dropping out jumped 10% to 45%.
Officially, Joe Biden remains the presumptive nominee for the Democratic party.
However, his unwelcoming performance during the presidential debate saw many urging him to step down.
For instance, former US representative for Ohio Tim Ryan proposed Vice President Kamala for the 2024 general election.
“We have to rip the bad aid off! Too much is at stake. VP has significantly grown into her job, she will destroy Trump in debate, highlight choice issues, energize our base, bring back young voters, and give us generational change. It’s time!”
Meanwhile, analysts expect the upcoming US elections to impact the crypto space in the region and globally.
While many trust the market will be in safe hands with pro-crypto Donald Trump, leadership shake by democrats remains vital for the financial landscape.
Many have attacked the Biden administration for failure to promote crypto with unclear regulations.
Proponents believe the November elections will clear all anti-crypto individuals in the office, including the likes of Garry Gensler and Elizabeth Warren.
That would translate to massive growth for Bitcoin and cryptocurrencies.
KAMA price outlook
The meme token representing the vice president, Kamala Horris ($KAMA) displayed massive bullishness amid the developments.
The altcoin traded near $0.009034 at press time, gaining nearly 165% over the past 24 hours.
With over $8.9 million in market cap, $KAMA is among the hottest PolitiFi tokens on the Solana blockchain.
Contrarily, Joe Biden’s BODEN has plunged since the presidential debate’s day.
BODEN has declined by 72% within the previous week to change hands at $0.04517.
Meanwhile, PolitiFi cryptocurrencies will likely make waves amid the 2024 election buzz.
However, meme tokens rely on memetic momentum, translating to massive volatility and wild price actions.
It remains crucial to witness how the evolving US political scene will shape the crypto industry.
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