Election day is here, and the market faces a US election crypto battle between Donald Trump’s crypto policies (anti-Gensler) and Kamala Harris’s crypto policies (pro-investor protection. But who will win? Donald Trump or Kamala Harris.
We all know the race is pretty tight no matter how you slice it, and analysts have declared that crypto wins regardless of who hits the 270 majority.
Market polls like Polymarket place Trump ahead, but Harris has made progress in mainstream media polls in the last few days.
JUST IN: 🇺🇲 Latest US Election Poll !
🔴 Trump • 57.8% chance (+2.8%)
🔵 Harris • 42.3% chance (-2.8%)
🔴 — leads by 15.5% !
5 hours until the election. pic.twitter.com/ag2Plq4IXr— 🚨GlobalX (@GlobalXInt) November 4, 2024
Whoever takes over the White House will be known in the next 24 hours.
Crypto Bracing For Market Volatility As Americans Vote on Presidential Race
And as Americans hit the polls, the financial markets can only wait, preparing for volatility.
Recent on-chain movements show that whales have reduced their crypto exposure, but the whale count is higher.
Meanwhile, addresses with less than 100 BTC have been exiting, taking a cautious approach.
In the coming months, the political decisions made by Americans today will determine the pace at which crypto finds adoption.
Donald Trump crypto policy was decidedly more pro-crypto in his campaign trails and bold in publicly endorsing Bitcoin and DeFi.
In July, Trump said if he wins, he will consider establishing a national Bitcoin stockpile as a strategic reserve.
Additionally, the former president advocated for creating an advisory council overseeing crypto development instead of firing Gary Gensler, the current chair of the United States SEC.
On the other hand, Kamala Harris’s crypto policy has been more measured and less aggressive than Trump’s, focusing more on innovation that balances adoption and consumer protections.
In September, she discussed plans to establish a clearer regulatory framework for crypto assets. She has also engaged with various crypto leaders in her campaigns, finding support from Mark Cuban and Chris Larsen, the co-founder of Ripple.
FreeDum Fighters Presale On Fire: Over $425,000 Raised
As Americans choose their president, viral attention is on FreeDum Fighters, a PolitiFi project offering vote-2-earn prediction markets for the US election.
The platform is increasingly popular thanks to its satirical take on the United States politics.
Interest shows in the presale. Over $425,000 has been raised, with each DUM—the native token—selling for just $0.000065.
It is easy to see why investors are pouring in.
Rather than just offering “words”, there is a humorous spin of Donald Trump and Kamala Harris.
Trump supporters can stake DUM–the native token–in support of “Magatron”.
On the other hand, Harris fans can bid for “Kamacop 9000.”
Those who stake DUM in either pool receive rewards.
Presently, the “Kamacop 9000” offers a yield of 756%, while the “Magatron” pool will distribute a 280% APY.
Depending on today’s political outcome, you can stake on both pools and maximize returns if you want to spread your risks.
In addition to staking rewards, active users can participate in weekly debates between the two leading characters and earn additional DUM for showing their loyalty.
What’s more?
The team will be actively airdropping users with secret crypto airdrops for those who join these debates.
Those who buy DUM now can reap massive rewards because the project won’t wind down even after voting.
In phase two of the FreeDum Fighters roadmap, the team will explore collaboration opportunities and expand the storyline.
Accordingly, analysts think DUM can easily 10X, especially if Bitcoin rips higher by the end of the year.
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