Dogecoin Sees Explosive Surge of 145% Since Trump's Election Win, Outpaces Bitcoin, Ethereum as Top Cryptocurrency
Mumbai (PTI): In a surprising move, Dogecoin has surged by an astonishing 145% since Donald Trump won the presidential election, leaving its Elon Musk-backed counterparts, Bitcoin and Ethereum, in its wake.
According to reports, released on November 12, Dogecoin's remarkable rise has overshadowed its top-tier peers. The cryptocurrency took off following a recent tweet posted by billionaire entrepreneur Elon Musk expressing his enthusiasm for the coin. Since then, traders have been pouring money into the coin with many expecting it to continue its upward trajectory.
As of Monday morning, investors were reportedly seeing handsome gains from investing in Dogecoin with many speculating that it could break out of its current barriers soon enough.
Mint, a leading financial news and analysis website, noted on November 12 that Dogecoin's surge has seen the coin rise over recent top-tier crypto rivals Bitcoin and Ethereum. This marks an historic success for Musk-backed projects, showcasing how they are growing exponentially with their popularity rising in leaps and bounds.
Here is a quick snapshot of what happened:
- As of Monday morning hours of 5 am GST, one Dogecoin has surged to
14,000. - Since Trump's election on November 12 2024 it rose by 145%.
- This story will continue to be updated