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Bloomberg: Trump's election triggered a speculative frenzy in the encryption market, DOGE rose by about 50% in the past 5 days.

2024-11-11 07:40:32

DOGE1.04%

BTC0.21%

ADA7.00%

POL0.29%

Odaily Planet Daily News Recently, investors have been enthusiastic about the prospects of the Cryptocurrency industry under the leadership of US President-elect Trump, which has triggered a speculative frenzy. A series of small Cryptocurrencies have outperformed BTC, with Dogecoin (DOGE) pumping by about 50% in the past five days.
In addition, ADA has pumped more than 60% during this period, due to Cardano founder Charles Hoskinson's discussion in a podcast about promoting collaboration plans with Washington legislators.
Meanwhile, Polygon (POL), Cosmos (ATOM), Solana (SOL), and Algorand (ALGO) have all surpassed BTC's approximately 7% increase in the past five days.
Caroline Bowler, CEO of BTC Markets Pty, said, 'As the tide rises, BTC's rapid pump has also affected AltCoin. The entire encryption industry is expected to be a net beneficiary of the Trump administration.' (Bloomberg)
Earlier, Charles Hoskinson confirmed plans to cooperate with the US government under the leadership of Trump to help formulate cryptocurrency legislation aimed at creating a clear regulatory framework for the industry.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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