6 days ago
Donald Trump's odds for winning the 2024 presidential election dropped to 49% during the 🇺🇸US presidential debate.
Via: BET on DRIFT
Via: BET on DRIFT
6 days ago
Crypto markets have suffered noticeable pullbacks following September 10’s highly anticipated presidential debate.
In the wake of self-proclaimed ‘Crypto President’ Donald Trump’s performance, scales have tipped in favor of Kamala Harris, with prediction markets illustrating renewed support for the Democrats.
Crypto Markets Tumble as Republican Confidence Wanes
The presidential debate had a resounding effect on the digital asset market. Following the event, $SOL price has dropped 5.1%, sliding from September 10’s high of $137 .9 to currently trade hands at $130 .84.
Beyond asset prices, CoinMarketCap’s Crypto Fear & Greed Index also dropped from a neutral 46.72 to a fearful ranking of 31.6.
The crypto market’s slide is expected to be due to the wider industry’s assumption that a Trump presidency will be favorable for the blockchain industry.
Commentators argue that Trump’s pro-crypto stance will greatly benefit the sector, with many analysts proposing that the approval of a spot SOL ETF hinges on a Republican victory. Meanwhile, some Solana community members expressed that regardless of who emerges triumphant in November, it will make little difference.
Over the past four years, the Biden administration has loomed large over the crypto industry. Gary Gensler and the S.E.C. (Securities and Exchanges Commission) have been widely criticized by the crypto community for their regulation-by-enforcement approach, which has seen the agency hand out a litany of lawsuits to crypto businesses throughout its time in office.
Volume Spikes on Drift Protocol’s Prediction Market
While Trump and Harris clashed heads on camera, traders took their chance to hit the prediction markets. Drift Protocol’s BET platform, a marketplace enabling users to trade the outcomes of real-world events, enjoyed an impressive surge of trading volume during the debate.
According to Dune Analytics, Drift Protocol’s BET protocol witnessed over $851k in daily trading volume. While falling short of market leader PolyMarket’s $14M daily volume, BET’s dramatic volume spike represented a 1,287% increase over the previous day’s trading.
According to BET’s dedicated market, Trump’s chances of winning the presidential election dropped from 54.2% to 49.5% since the debate began.
$TREMP Down, $KAMA Up
Finally, the landmark debate sent waves of volatility through Solana’s PolitiFi memecoin economy.
Unfortunately for $TREMP holders, crypto markets rejected the Presidential hopeful’s debate performance. $TREMP price crumbled under increased selling pressure, plunging 28% from.19 to currently exchange hands at.135, based on Step Finance data.
Meanwhile, the Kamala Harris-inspired $KAMA saw renewed support. $KAMA surged over 34%, rising from 0.007 to currently trade at.0094. Despite $KAMA’s superior performance, the memecoin still has a smaller market cap ($8.3M) than its PolitiFi rival $TREMP ($14.2M).
In the wake of self-proclaimed ‘Crypto President’ Donald Trump’s performance, scales have tipped in favor of Kamala Harris, with prediction markets illustrating renewed support for the Democrats.
Crypto Markets Tumble as Republican Confidence Wanes
The presidential debate had a resounding effect on the digital asset market. Following the event, $SOL price has dropped 5.1%, sliding from September 10’s high of $137 .9 to currently trade hands at $130 .84.
Beyond asset prices, CoinMarketCap’s Crypto Fear & Greed Index also dropped from a neutral 46.72 to a fearful ranking of 31.6.
The crypto market’s slide is expected to be due to the wider industry’s assumption that a Trump presidency will be favorable for the blockchain industry.
Commentators argue that Trump’s pro-crypto stance will greatly benefit the sector, with many analysts proposing that the approval of a spot SOL ETF hinges on a Republican victory. Meanwhile, some Solana community members expressed that regardless of who emerges triumphant in November, it will make little difference.
Over the past four years, the Biden administration has loomed large over the crypto industry. Gary Gensler and the S.E.C. (Securities and Exchanges Commission) have been widely criticized by the crypto community for their regulation-by-enforcement approach, which has seen the agency hand out a litany of lawsuits to crypto businesses throughout its time in office.
Volume Spikes on Drift Protocol’s Prediction Market
While Trump and Harris clashed heads on camera, traders took their chance to hit the prediction markets. Drift Protocol’s BET platform, a marketplace enabling users to trade the outcomes of real-world events, enjoyed an impressive surge of trading volume during the debate.
According to Dune Analytics, Drift Protocol’s BET protocol witnessed over $851k in daily trading volume. While falling short of market leader PolyMarket’s $14M daily volume, BET’s dramatic volume spike represented a 1,287% increase over the previous day’s trading.
According to BET’s dedicated market, Trump’s chances of winning the presidential election dropped from 54.2% to 49.5% since the debate began.
$TREMP Down, $KAMA Up
Finally, the landmark debate sent waves of volatility through Solana’s PolitiFi memecoin economy.
Unfortunately for $TREMP holders, crypto markets rejected the Presidential hopeful’s debate performance. $TREMP price crumbled under increased selling pressure, plunging 28% from.19 to currently exchange hands at.135, based on Step Finance data.
Meanwhile, the Kamala Harris-inspired $KAMA saw renewed support. $KAMA surged over 34%, rising from 0.007 to currently trade at.0094. Despite $KAMA’s superior performance, the memecoin still has a smaller market cap ($8.3M) than its PolitiFi rival $TREMP ($14.2M).
9 days ago
Daily Memecoin Recap - September 8
Moonshot is starting to get attention after Mitch pushes a coin based on the fact that you can get paid LP fees
Get Paid To Hold
$husky -> hit $2 .14m, pushed by idrawline, $212k in LP rewards
$lpdog -> hit $271k , LP Dog, $18k in LP rewards
$rugs -> hit $219k , $6k in LP rewards
$pepe8bit -> hit $141k , $7 .5k in LP rewards
- Memecoin devs & top 50 holders on moonshotdotcc get paid fees from MeteoraAG's LP pool
- The creator of the coin gets 20% of rewards from fees
- The top 50 holders AT THE TIME OF MIGRATION get 70%
- 10% goes to moonshot
- This encourages people to hold & seems to be creating a temporarily new meta
Bullish Tickers - Play On Words
$btc -> $1m to $2 .48m (2.48x), "Big Titty Chicken"
$roi -> hit $679k , "Retarded Online Investment"
$fag -> hit $326k , "Flying Autistic Gummybear", good holder count, patty_fi onboard
$wait -> hit $313k , "Correction Guy"
$ape -> hit $295k , "Ape Life Savings"
$pub -> hit $216k , "pure unadulterated bliss", twitter community
Pepe On Sol Silently Reviving
$pepe -> $1 .46m to $9 .6m (6.57x), originally was heavily pushed by Pauly, his twitter has been suspended
Hyped Launch
$pumpy -> hit $4 .4m, "PUMPY NO DUMPY", KOLs onboard
More Cooks
$d .o.g.e -> $330k to $4 .6m (14x), "Dep of Gov Efficiency"
$r /gustav -> hit $696k , "Reddit Bull", same meta as $r /snoofi
$justcats -> hit $389k , "Cats are always the meta"
$pol -> hit $244k
$pez -> hit $180k , "PEZ Dispenser", nostalgic
$drift -> hit $153k
$bingus -> hit $143k
Market sentiment can flip at any moment - be prepared 🤝
Moonshot is starting to get attention after Mitch pushes a coin based on the fact that you can get paid LP fees
Get Paid To Hold
$husky -> hit $2 .14m, pushed by idrawline, $212k in LP rewards
$lpdog -> hit $271k , LP Dog, $18k in LP rewards
$rugs -> hit $219k , $6k in LP rewards
$pepe8bit -> hit $141k , $7 .5k in LP rewards
- Memecoin devs & top 50 holders on moonshotdotcc get paid fees from MeteoraAG's LP pool
- The creator of the coin gets 20% of rewards from fees
- The top 50 holders AT THE TIME OF MIGRATION get 70%
- 10% goes to moonshot
- This encourages people to hold & seems to be creating a temporarily new meta
Bullish Tickers - Play On Words
$btc -> $1m to $2 .48m (2.48x), "Big Titty Chicken"
$roi -> hit $679k , "Retarded Online Investment"
$fag -> hit $326k , "Flying Autistic Gummybear", good holder count, patty_fi onboard
$wait -> hit $313k , "Correction Guy"
$ape -> hit $295k , "Ape Life Savings"
$pub -> hit $216k , "pure unadulterated bliss", twitter community
Pepe On Sol Silently Reviving
$pepe -> $1 .46m to $9 .6m (6.57x), originally was heavily pushed by Pauly, his twitter has been suspended
Hyped Launch
$pumpy -> hit $4 .4m, "PUMPY NO DUMPY", KOLs onboard
More Cooks
$d .o.g.e -> $330k to $4 .6m (14x), "Dep of Gov Efficiency"
$r /gustav -> hit $696k , "Reddit Bull", same meta as $r /snoofi
$justcats -> hit $389k , "Cats are always the meta"
$pol -> hit $244k
$pez -> hit $180k , "PEZ Dispenser", nostalgic
$drift -> hit $153k
$bingus -> hit $143k
Market sentiment can flip at any moment - be prepared 🤝
10 days ago
U.S. presidential nominee Donald Trump's odds of winning the 2024 elections are now at 51.1% on BET on DRIFT
29 days ago
DriftProtocol introduces BET, a prediction market on Solana, launching with markets centered around the US elections, sports, crypto, and culture.
2 months ago
The upcoming U.S. Presidential election is on the tip of everyone’s tongue. Capitalizing on the excitement brewing ahead of this landmark event, Drift Protocol has unveiled an exciting new platform.
Adding to its comprehensive trading platform, Drift Protocol’s upcoming prediction marketplace aims to be the ultimate source of truth in the online world.
Adding to its comprehensive trading platform, Drift Protocol’s upcoming prediction marketplace aims to be the ultimate source of truth in the online world.
3 months ago
Drift Protocol a perpetual DEX on Solana is set to migrate to PythNetwork's new pull oracles to enhance its protocol and user experience
3 months ago
- Jupiter, Orca and Drift are some of the top decentralized exchanges (DEXs) on Solana 2024.
- Solend, Marginfi and Kamino are some of the lending protocols on Solana 2024.
- Marinade Finance and Jito are some of the staking platforms on Solana 2024
- $BONK , $DADDY , $MOTHER and other celebrity memecoins have been ontop on Solana 2024.
- Solend, Marginfi and Kamino are some of the lending protocols on Solana 2024.
- Marinade Finance and Jito are some of the staking platforms on Solana 2024
- $BONK , $DADDY , $MOTHER and other celebrity memecoins have been ontop on Solana 2024.
3 months ago
Solana's no.1 perpetual DEX DriftProtocol has launched Solana's first T-Bill-backed perpetual futures in collaboration with OndoFinance a major force in the RWA narrative.
This innovative product allows users to trade perpetual futures backed by U.S. Treasury Bills, in order to offer a stable and low-risk option for traders in the volatile crypto market.
This innovative product allows users to trade perpetual futures backed by U.S. Treasury Bills, in order to offer a stable and low-risk option for traders in the volatile crypto market.
3 months ago
DriftProtocol a perpetual DEX on Solana partners with OndoFinance to integrate tokenized real-world assets (RWAs) like treasury bills into Solana DeFi.
USDY will be integrated on Drift, enhancing capital efficiency and utility, with plans to bring more assets on-chain.
USDY will be integrated on Drift, enhancing capital efficiency and utility, with plans to bring more assets on-chain.
