Bloomberg: Trump's victory sparks a cryptocurrency speculation frenzy, DOGE rises over 50% in the past five days

2024-11-11 16:04:43

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ChainCatcher news, according to Bloomberg, recent investor enthusiasm for the cryptocurrency industry under the leadership of elected President Trump has sparked a wave of speculation, with a series of small cryptocurrencies outperforming Bitcoin, among which Dogecoin (DOGE) has risen by about 50% in the past five days.

Additionally, ADA has increased by over 60% during this period, driven by discussions from Cardano founder Charles Hoskinson about plans to collaborate with Washington lawmakers on a podcast. Meanwhile, Polygon (POL), Cosmos (ATOM), Solana (SOL), and Algorand (ALGO) have all surpassed Bitcoin's approximately 7% increase over the past five days.

BTC Markets Pty CEO Caroline Bowler stated, "A rising tide lifts all boats; Bitcoin's rapid increase has affected altcoins. The entire cryptocurrency industry is expected to be a net beneficiary of the Trump administration."

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Trump DOGE speculative frenzy

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