Today, November 5th, Americans head to the polls to vote for the next president, but several PolitiFi coins associated with the top two candidates are seeing mixed results. Regardless of their results before the vote, this day is critical in determining whether some of these tokens will rise once the results are announced or face potential extinction.
Historically, US election results are often announced within hours of the polls closing, creating a whirlwind of anticipation and speculation among voters and candidates alike. Here’s a thorough analysis of the current state of MAGA (TRUMP), Kamala Horris (KAMA), and Donald Tremp (TREMP).
MAGA (TRUMP)
MAGA is PoliFi’s top Donald Trump themed coin with the highest market cap. A few months ago, TRUMP’s market capitalization topped $100 million and the former president’s election chances soared amid alarming reports about Joe Biden’s health.
But after the Democratic Party elevated Kamala Harris to candidate status, TRUMP’s price dropped. At the time of publication, the price of the meme coin was $3.36, which is 80% below its all-time high. Ahead of Election Day in the United States, the value of the cryptocurrency fell by 26%.
From a technical perspective, the Relative Strength Index (RSI) fell below the neutral level of 50.00. This decline indicates that the momentum around MAGA is bearish. If this continues, the price could continue to decline, possibly reaching $2.61.
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However, if Donald Trump emerges victorious, the trend could change. In this case, the value of the meme coin could skyrocket to $5.69. But if the former president doesn’t win, the price of MAGA could fall to an all-time low.
Kamala Horris (KAMA)
Over the past seven days, the value of the Kamala Harris-themed meme coin has increased by 62%. This remarkable increase may be due to the fact that the US vice president has been closing in on Trump in opinion polls over the past few days.
However, the last 24 hours did not bring the same results as the price of KAMA, which fell by 3.60%. On the 4-hour chart, the Moving Average Convergence (MACD) indicator moved into negative territory, indicating bearish momentum.
Additionally, the 12-day exponential moving average (EMA), highlighted in blue, crossed above the 26 EMA (orange), indicating that sellers are in control. If this trend continues, the price of KAMA could fall to $0.0098.
On the other hand, if buying pressure increases or Kamala Harris wins, the trend could change. If this happens, then KAMA could jump to $0.018.
Donald Tremp (TREMP)
Unlike KAMA and TRUMP, Donald Tremp is among the few PoltiFi coins that saw a significant price increase on Election Day in the United States. Since Sunday, November 3, the price of TREMP has increased by 20.22%.
Balance of Power (BoP) is currently trading at $0.32 and shows bulls pushing the price of the meme coin higher. The balance of payments measures the strength of buyers relative to sellers. When the value decreases, the bears (sellers) have the advantage.
But in this case, the value has increased, meaning that TREMP is experiencing a sharp spike in buying pressure. If this trend continues, the price of the meme coin could rise to $0.46.
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Meanwhile, if the election results become known and Trump loses to Harris, the forecast may not be valid. In this case, the price may drop to $0.20.
