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The Kamala Horris price soared 50% in the past 24 hours to trade for $0.1460 as of 08:10 a.m. EST.
The surge in the KAMA price came despite carnage in the PolitiFi token space as speculation that President Joe Biden may not secure the Democratic Party nomination in August weighs heavily on political meme coins.
The sector’s market capitalization nosedived more than 20% to $765 million, according to CoinGecko.
The surge in the KAMA price came amid reports that Kamala Harris is ahead of Biden in prediction markets for Democratic nominee.
Kamala Harris has officially overtaken Biden in prediction markets for Democratic nominee.
But her memecoin $KAMA still needs another 100% gain to flip $BODEN market cap.
This is either the dumbest trade or the easiest 2x in crypto.
Or both. pic.twitter.com/Eu6bjhJ0YK
— Luke Martin (@VentureCoinist) July 3, 2024
According to Polymarket odds, Kamala Harris is now the favorite to win the Democratic Nomination.
Kamala Harris is now the favorite to win the Democratic Nomination. pic.twitter.com/zvdh8VS7RT
— Polymarket (@Polymarket) July 3, 2024
Kamala Horris Price Prediction
The Kamala Horris price is trading with a bullish bias, scaling a recovery rally on the 15-minute timeframe. However, it remains in the thicket, trading below the foothold of the 61.8% Fibonacci retracement level of $0.1488.
Looking at the technical indicators, the bulls are putting up a fight but the bears continue to hold fort. To start with, the Relative Strength Index (RSI) is borderline subdued, holding just below the mean level of 50. In the same way, the Moving Average Convergence Divergence (MACD) is in negative territory, portraying a bearish picture in the KAMA market.
Unless the bulls increase their buying momentum, the Kamala Horris price could slide lower to test the 78.6% Fibonacci retracement level of $0.1420. In a dire case, a leg lower could see the PolitiFi token test the bottom of the market range at $0.1333.
GeckoTerminal: KAMA/USD 15-min chart
However, if bullish momentum increases, the Kamala Horris price could push north into the Fibonacci Golden Zone. A stable candlestick close above the 50% Fibonacci placeholder of $0.1536 on the 15-minute timeframe would be a good sign. Nevertheless, the more ideal entry for traders looking to long KAMA would be above the 38.2% Fibonacci retracement level of $0.1584.
A stable flip of the aforementioned resistance into a support floor would vindicate KAMA from bearish hands. This could set the pace for a further north. In a highly bullish case, the Kamala Horris price could shatter past the 23.6% Fibonacci retracement level of $0.1643, paving the way for a continuation of the uptrend.
Notably, despite the bearishness on the technical indicators, the MACD teases with a pending buy signal. This will be executed if the MACD manages to flip above the signal line, and confirmed by teh RSI moving above the 50 threshold.
As KAMA soars, Mega Dice (DICE) has just blasted past the $1.5 million mark in its presale.
According to YouTube channel 99Bitcoins, which has over 705K subscribers, this new Solana GameFi coin has the potential to 100X at launch.
Promising Alternative To Kamala Horris
DICE is the powering token for the Mega Dice ecosystem, an online casino that rewards players with crypto. The platform allows users to play games, bet on sports, and earn rewards using their native token, $DICE.
The Mega Dice platform has been a sensation since its launch in 2023 and is still one of the most popular crypto-oriented online casino and betting platforms. With the launch of the new crypto ICO, the project is set to extend its offerings.
The project is the first GambleFi project on the Solana blockchain, and its aim is to challenge the casino sector titan Rollbit Coin.
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Here’s why $DICE is set to become the leading GameFi token, outpacing all… pic.twitter.com/wI2jy30ntr
— Mega Dice Casino (@megadice) June 28, 2024
The platform already has a user base exceeding 50,000 and 11,000 active players, who wager about $50 million every month. It offers over 4000 games from top providers and over 50 sports and eSports.
Investors can also earn through the platform’s staking option, with the team setting aside 10% of its total 420 million token supply as rewards. You can also earn 10% on any purchases made by investors you refer.
Refer & Earn with $DICE! 🚀💰
Exciting news! You can still refer users to the Mega Dice presale and earn a generous 10% commission on all referral purchases. Here’s a simple guide on how to get started:
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2. Connect: Connect your wallet.
3.… pic.twitter.com/hDcbUGnNOb— Mega Dice Casino (@megadice) July 3, 2024
If you would like to join the presale, you can buy $DICE for $0.0866 per token using BNB, ETH, or SOL. But remember not to wait too long because the price will increase in a little more than three days.
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Also Read:
Mega Dice – Newest GambleFi Token
- Established Crypto Betting Brand
- Featured In Cointelegraph – First Licensed Telegram Casino
- Presale Live Now – megadicetoken.com
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