The 2024 US presidential election has been a hot topic, not only in political circles but also within the crypto space. A new debate recently emerged on social media platforms as Billionaire Elon Musk responded controversially to Taylor Swiftâs endorsement of Kamala Harris. The heated online debate also impacted PolitiFi coins, which are susceptible to speculative traders
PolitiFi Coins to Rally Amid Elon Musk and Taylor Swiftâs Political Feud
The recent controversy between Tesla CEO Elon Musk and popular singer Taylor Swift started when Swift endorsed Kamala Harrisfor the 2024 U.S. Presidential Election, referring to herself humorously as a âChildless Cat Lady.âÂ
Musk responded to this statement with a tweet, âFine Taylor⊠you win⊠I will give you a child and guard your cats with my life,â which sparked a widespread backlash online. Both prominent internet figures with massive fan bases, Elon Musk and Taylor Swift, have ignited a heated online discussion due to their starkly opposing political preferences.
Such drama often impacts the PolitiFi coins due to their volatile nature, providing dynamic moves favored by short-term traders.
MAGA (TRUMP)
At the top of our PolitiFi coins list is MAGA (Trump), a meme cryptocurrency supported by supporters of Donald Trumpâs political movement, âMake America Great Againâ (MAGA). In response to Taylor Swiftâs endorsement of Kamala Harris, Trump commented, âI actually like Mrs. Mahomes much better, if you want to know the truth. Sheâs a big Trump fan,â during an interview on Fox & Friends.
He also referred to Shift, indicating she may âpay a price.â which further fueled the heated online debate
The MAGA price currently trades at $2.89, and with an intraday loss of 12.7%, it retests a downsloping trendline, which acted as resistance for 100 days. If the support is sustained, the buyers could drive a directional rally
Doland Tremp (TREMP)
Doland Tremp launched as a satirical take on the political figure, TREMP has gained traction in the meme cryptocurrency space. The TREMP price currently trades at $0.13 and holds a market cap of $13.9 Million.
With an intraday loss of 29%, the coin seeks support at an ascending trendline intact since mid-August 2024. If the dynamic support holds, the buyers could maintain a higher low formation, indicating buying the dip sentiment in the market
Kamala Horris (KAMA)
Among the PolitiFi coins, Kamala Horris is a Solana-based token inspired by U.S. Vice President Kamala Harris. The KAMA price currently trades at $0.0079 with an intraday gain of 3.5% and a market cap of $7.8 Million.
However, the tradingview chart shows a doji-neutral candle with long wicks, indicating no clear indication from sellers or buyers. Following the September 10th debate, this uncertainty could be linked to recent rumors Kamala Harris wore an earpiece disguised as earrings.
The KAMA price is resonating in a narrow range of symmetrical triangle patterns, waiting for a decisive breakout
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