Donald Trump is the leading candidate among the majority of crypto traders, according to data from Polymarket, a prediction market platform that allows users to bet on real-world events using cryptocurrencies. is emerging.
As of this writing on October 12, Polymarket has collected more than $1.7 billion worth of bets on the US presidential election. The majority of crypto bettors currently have Donald Trump in pole position to win, with 54% of the vote to Kamala Harris' 45.1%.
Clearly, this shows that Ripple's support for Kamala Harris contradicts the opinion of the majority of the global crypto trading community.
Many predict that Larsen's support for Harris could increase Ripple's chances of lobbying for favorable crypto legislation, a move that would make Ripple more likely to lobby for favorable crypto legislation after years of litigation. may be critical to the long-term survival of
However, with Trump in the lead, Ripple's decision to support Harris' stance is likely to have a negative impact on XRP's short-term price performance, especially if the gap widens.
Ripple vs. SEC Appeal: XRP Retreats as Uptober Rally Begins
Larsen's public support of Harris comes at a critical time for Ripple, which continues its legal battle with the SEC. This past week, the two sides locked horns again, challenging the final ruling handed down in August.
XRP price has lagged the market's upward trend over the past two weeks as Ripple remains in litigation with the SEC.
Since October 3, global altcoin market capitalization (TOTAL3) has increased by $47 billion, reflecting an 8% recovery, according to TradingView measurements at the time of writing on October 12.