You might be familiar with Donald Trump meme coins but did you know that a Kamala Harris meme coin also exist? It has particularly gotten more popular this week and for very specific reasons. Its recent performance has attracted a lot of attention and many see it as a great opportunity during the election period.
We have therefore decided to present pertinent information regarding the Kamala Harris meme coin. That way you will have all the necessary information by the time you finish reading this piece.
Kamala Harris meme coin tokenomics
If you search Kamala Harris meme coin, you will be bombarded by multiple answers or options. However, for our particular purposes, we will focus on Kamala Harris (kamalaharristoken.xyz). This is because it is the more mature of the multiple Kamala Harris-related meme coins in terms of tokenomics. It is also Coinmarketcap’s answer in the search segment.
The Kamala Harris meme coin is an Ethereum-based meme coin. It has a maximum supply of 420.69 billion tokens in circulation (very meme-like figures) and all of the coins are currently in circulation. The Kamala Harris token had a $3.39 million marketcap at the time of writing.
Why is the Kamala Harris meme coin relevant?
The goal of meme coins is to introduce a fun aspect. This theme plays out in many meme coins. The rise of political meme coins is especially something to note. We have noticed that they tend to rise and fall depending on the popularity of the candidate.
The same played out recently when Kamala Harris’ poll numbers recently went up. This was followed by a surge in the value of the Kamala Harris meme coin. It soared by over 60% on Monday (9 September). The price rallied from $0.000007402 to the day’s high at $0.00001313.
This performance highlighted the impact of positive and negative news. The upcoming U.S elections make the Kamala Harris meme coin quite relevant in that regard. Its price action will likely shift based on Kamala’s ratings ahead of the elections. Its price action will likely be more pronounced during and after the elections.
Imagine a scenario where Kamala Harris wins the U.S presidency. That outcome would have a massive impact on the Kamala Harris meme coin. On the other hand, it will likely tank hard if she loses the elections. One outcome will be favorable for holders while the other will favor short-sellers.
Also check : 15+ Best Meme Coin Presales to Invest
Kamala Harris memecoin price predictions
Now that we understand the main influences for this particular meme coin, it is time to look at how far it can potentially go realistically. Its marketcap at press time was $3.39 million. Our first prediction will be based on attaining a $100 million marketcap.
At $100 million marketcap, the Kamala Harris meme coin will be priced at $0.0002377. This would be equivalent to a 2975% gain from its price at the time of writing. This means $100 invested in the meme coin at current price would be worth $2975 at $100 million marketcap.
Using the same principle, we calculated that a $500 million marketcap would push price to $0.0011. $1 billion would be equivalent to $0.0022.
| marketcap | Price |
| $3.39 million | $0.0000074 |
| $100 million | $0.0002377 |
| $500 million | $0.0011. |
| $1 billion | $0.0022 |
Conclusion
The Kamala Harris memecoin has only been around since the end of July. This means it has not had enough time to build a strong price profile that can be used for proper technical analysis. This limits its predictability, coupled with the uncertainties around the level of adoption.
Will the Kamala Harris meme coin be as popular as Trump meme coins and take its place among top meme coins? That remains to be seen and only time will tell. Note that the predictions highlighted above do not constitute financial advice and are only for educative and entertainment purposes only.
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