Key Points:
Within the last 24 hours, meme coins that played on potential successors to President Joe Biden as Democratic presidential nominee have rallied: “Gabin Noosum,” ticker symbol NOOSUM, rose 15%, while “Kamala Horris,” ticker KAMA, surged 220% during that time period, data from CoinGecko shows.
“Ruburt F Kenidy Jr” or KENIDY, inspired by independent presidential candidate Robert F. Kennedy Jr., also advanced 10%. Meanwhile, the “Jeo Boden” memecoin dropped more than 37%.
Interestingly, these figures above coincide with Biden’s doubts about his viability as a candidate striking relief. One Biden ally said he knows he has to convince voters he’s up to the job over the next few days, as per The New York Times, a string of scheduled appearances, including an interview with George Stephanopoulos and campaign stops in Pennsylvania and Wisconsin, are critical.
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Campaign officials are digging deep into the polls, one from CBS News that indicates Trump leads Biden 50% to 48% nationally and 51% to 48% in the battleground states.
Biden contacted Democratic officials and met with Democratic governors at the White House. Allies emphasize that Biden remains in the fight of his political career but acknowledges the challenge ahead.
Some of the people being mentioned to take his place on the ballot are Vice President Kamala Harris, Michigan Gov. Gretchen Whitmer, California Gov. Gavin Newsom, Secretary of Transportation Pete Buttigieg, Sen. Cory Booker, Illinois Gov. J.B. Pritzker, and Sen. Amy Klobuchar. Per Ohio law regarding presidential candidates, Biden has until August 4 to decide if he wants to remain on the ballot.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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