In 2024, one of the most important events that will affect the course of cryptocurrencies will be the US presidential elections. As the waters slowly begin to heat up ahead of the elections to be held in November, the two presidential candidates (and president) Donald Trump and Joe Biden will share their trump cards on CNN, one of the largest television organizations in the US.
The earliest face-off in US history…
Trump and Biden will appear on TV at 9 p.m. Eastern time on Thursday. Such TV debates, which have been held in the US since 1960, were usually held 1-2 before the elections. However, the Biden-Trump debate will be a first in this sense as the “earliest presidential debate” since it will be held 5 months before the elections.
Rise in meme tokens
In meme tokens, the most talked about cryptocurrencies of 2024 in terms of altcoins, movements started 1 day before the debate of the duo.
While the coins issued mostly for Trump are increasing, the double-digit increases in the last 24 hours are also noteworthy. The increases in some meme tokens are as follows:
- Trump Mania (TMANIA): 20%
- Hunter Boden (HUNTBODEN): 17%
- MAGA Hat (MAGA): 16%
- Doland Tremp (TREMP): 15%
On the other hand, coins such as Kamala Horris (KAMA, +37%) and Ruburt F Kenidy Jr (KENIDIY, +28%), which are not widely known and have low market capitalizations, also rose sharply.
Crypto now matters
As it is known, especially in the last 2 years, the Biden government has taken an anti-cryptocurrency stance. However, the serious reaction of the SEC and its chairman Gary Gensler recently caused the arrows to turn towards Joe Biden. While Biden remained silent on this issue, Trump gave support photos with important stakeholders of the sector, especially Bitcoin miners. Trump had also pledged support for the cryptocurrency industry with many statements. Experts state that in the 2024 presidential elections, the candidates’ words on cryptocurrencies have gained great importance.