Musk s Trump Rally as Crypto Soars & Odds Rise

 
Ritu Lavania
Written By 
Ritu Lavania
 
Harsh Chauhan
Edited by 
Harsh Chauhan
October 7, 2024

Tech tycoon and World’s richest man, Elon Musk attended a recent Donald Trump rally leading to a surge in crypto memecoins prices and a rise in Trump’s Polymarket presidential victory odds to 54.5%.

When it comes to swing state predictions on the betting platform Polymarket, Donald Trump’s winning odds were raised to 54.5% in Pennsylvania after Elon Musk attended his rally in Butler. In his speech, Musk said, “President Trump must win to preserve the Constitution. He must win to preserve democracy in America. This is a must-win situation.” The crypto-political odds reflect growing sentiment around Trump’s campaign, intertwining politics, and cryptocurrency betting.

Courtesy: Pennsylvania elections predictions, Polymarket

Today, Elon Musk even reposted the US election prediction data on Polymarket on X and said, “Trump leads Harris by 3% in the betting market. Because real money is involved in the betting market, these markets tend to be more accurate than polls.”

Additionally, Musk’s for Trump also triggered an immediate jump of 20.75% in MAGA tokens, which is currently trading at $3.94. In fact, Musk’s favorite memecoin, DOGE too saw a surge of 4.64% after the event and is now trading at $0.1141.

To bring Trump closer to the win, the America PAC founded by Musk has announced a reward of $47 to anyone who recommends g a petition in a swing state. The initiative intends to win over 1 million voters in swing states who free speech and the right to bear arms.

Elon Musk- a vocal advocate for Freedom of Speech, has been openly urging for a Republican win in this election, he even criticized mainstream media for their so-called biased journalism tactics that paints Trump in a bad light, while praising Polymarket bets. Amidst the political war, Trump and Musk have garnered crypto fanboys’ which could be a gamer changer for the Elections as well as the crypto industry.

Also Read: Elon Musk Grills Kamala Harris But Polymarket Tells Another Story

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Ritu Lavania
Written by Ritu Lavania

Ritu Lavania is a versatile Web3 content creator with over three years of experience in the crypto space. She is part of the team at CryptoNewsZ, where she writes insightful and engaging content. She has also contributed to TheCryptoTimes and The Coin Edition, where her work has been well received by the crypto community. Skilled in research, creative writing, SEO, and cross-functional collaboration, she creates content tailored to diverse audiences. ionate about education, she dedicates time to teaching kids and expressing herself through poetry. Always eager to learn, she continuously explores new trends in blockchain and digital assets. She believes in the power of storytelling to make complex crypto topics more accessible and engaging for readers worldwide.