MAGA Price Tanks Over 10% as Trump-Harris Debate Skips Crypto Talks
MAGA (TRUMP), the popular Trump-themed meme coin, has seen a significant decline in price following the first Trump-Harris presidential debate on Tuesday. The MAGA Price has dropped by over 10% and is currently trading at $2.88 with a market cap of $126 million. This comes as the odds of Donald Trump’s election win have tanked by 3% to 49%, according to data from Polymarket.
Earlier in June this year, the MAGA price topped an all-time high of $17.1. However, it has lost over 80% of its value since then and is currently sliding under $3. Despite this, it is still trading 4513% up as of the current market price.
MAGA Price Tanks Following Trump-Harris Debate
The debate between Donald Trump and Kamala Harris ended with the two candidates neck and neck, with no clear winner. The debate itself was marked by personal attacks and a lack of discussion on key issues, including crypto and blockchain technology.
It is worth noting that cryptocurrency and blockchain technology have played a significant role in Trump’s presidential campaign. His administration has been supportive of the industry, and there are hopes that he may continue to support it in a second term.
Trump’s Crypto Credentials
Donald Trump has a history of speaking positively about cryptocurrency and blockchain technology. During his first presidential campaign in 2016, he tweeted about the potential for Bitcoin to become a significant player in the global currency market.
In 2019, Trump signed an executive order aimed at advancing the development of blockchain technology in the United States. The order aimed to support the growth of the blockchain industry and to encourage more businesses to adopt the technology.
Kamala Harris’s Crypto Record
Kamala Harris, on the other hand, has a more nuanced record on cryptocurrency and blockchain technology. While she has spoken positively about the technology, she has also been critical of its potential uses and has called for increased regulation.
In 2020, Harris called for the creation of a Digital Asset Task Force to examine the potential risks and benefits of cryptocurrency and blockchain technology. She has also suggested that the government should implement stricter regulations on the use of cryptocurrency and blockchain technology.
Conclusion
The MAGA Price has seen a significant decline following the Trump-Harris debate, which has ended with no clear winner. The debate itself was marked by personal attacks and a lack of discussion on key issues, including crypto and blockchain technology.
Both Trump and Harris have speaking positively about cryptocurrency and blockchain technology, but their views on the technology differ significantly. Trump has been more supportive of the industry, while Harris has called for increased regulation.
FAQs
Q: What is MAGA (TRUMP)?
A: MAGA (TRUMP) is a popular Trump-themed meme coin that has seen a significant decline in price following the Trump-Harris debate.
Q: How has the MAGA price changed since the debate?
A: The MAGA price has dropped by over 10% since the debate and is currently trading at $2.88 with a market cap of $126 million.
Q: What was the outcome of the Trump-Harris debate?
A: The debate between Donald Trump and Kamala Harris ended with the two candidates neck and neck, with no clear winner.
Q: What has been Trump’s stance on cryptocurrency and blockchain technology?
A: Trump has been supportive of the cryptocurrency and blockchain technology, having signed an executive order in 2019 aimed at advancing the development of the technology in the United States.
Q: What has been Harris’s stance on cryptocurrency and blockchain technology?
A: Harris has a more nuanced record on cryptocurrency and blockchain technology, having called for the creation of a Digital Asset Task Force to examine the potential risks and benefits of the technology, while also suggesting that the government should implement stricter regulations on its use.
