Why PolitiFi meme coins are rallying?

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Several political meme coins related to Vice President Kamala Harris rallied on Wednesday as prediction market odds favor her as the preferred Democrat nominee in the upcoming US presidential race.

Crypto prediction markets favor Kamala Harris over President Joe Biden as Democratic nominee in upcoming presidential elections. Meme coins based on Vice President Harris rallied amid BODEN token's 30% decline. Other tokens based on possible replacements for Biden experienced similar surges.

One of these is the NOOSUM token based on fellow Democrat Gavin Newsom, Governor of Carlifonia. Additionally, the debate between Joe Biden and Donald Trump last week sparked massive concerns over Joe Biden's chances in the upcoming election. Polymarket data suggests that social volume has intensified with predictions of who has the highest chance of winning.

 

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