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The MAGA price has been on a downtrend since August 25, according to data from GeckoTerminal. Although the bulls seemed to gain some control
The price of MAGA dropped 10% in the last 24 hours to trade at $2.82 as of 00:44 a.m. EST on trading volume that surged 13% to $5.6 million.
This comes as the odds of Kamala Harris taking the White House gained on Polymarket after the presidential debate with Donald Trump last night. Harris and Trump are now tied with each having a 49% chance of winning November’s election.
The debate ends with Trump and Harris tied.
55 days to go. pic.twitter.com/MGpsIl6It8
— Polymarket (@Polymarket) September 11, 2024
The MAGA price is now down 70% from its all-time high of $9.3 reached in August.
The token, which is designed to be a hedge against a Trump loss in the upcoming presidential election, has seen its price fluctuate wildly in recent weeks.
However, the price of MAGA has dropped sharply since last week, when it was trading at $3.3.
The downtrend in the price of MAGA could be attributed to the increasing chances of Harris winning the election, according to Polymarket.
The odds of a Trump victory have dropped to 49% from 51% last week, while those of Harris have increased to 49% from 48%.
Meanwhile, investors are turning to the new meme coin Crypto All-Stars (STARS), which crypto YouTuber Jacob Bury, with over 42K subscribers, says has the potential to soar 10X after its launch.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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