Price: $0.38402 1.8524%
Market Cap: 56.41B 1.7352%
Volume (24h): 8.06B 0.4%
Dominance: 1.7352%
Price: $0.38402 1.8524%
Market Cap: 56.41B 1.7352%
Volume (24h): 8.06B 0.4%
Dominance: 1.7352% 1.7352%
  • Price: $0.38402 1.8524%
  • Market Cap: 56.41B 1.7352%
  • Volume (24h): 8.06B 0.4%
  • Dominance: 1.7352% 1.7352%
  • Price: $0.38402 1.8524%
Home > Information news > Dogecoin Surges Following Trump’s Election Win

Dogecoin Surges Following Trump’s Election Win

Release: 2024/11/11 17:33 Reading: 253

Original author:BH NEWS

Original source:https://coinmarketcap.com/community/articles/6731caf37c94286a71e77cd0

Dogecoin Surges Following Trump’s Election Win

Dogecoin Soars Post-Trump Victory

Dogecoin (DOGE) has emerged as a notable cryptocurrency, following Donald Trump's election victory. It has experienced a remarkable 92% increase in its weekly value, propelling its market capitalization to an astounding $42.3 billion. This places Dogecoin ahead of XRP and USDC, securing its place as the sixth most valuable cryptocurrency. Dogecoin's daily trading volume has also surged by 220%, reaching an impressive $16.8 billion.

Potential Dogecoin Price Surge

Market experts predict a bullish trend for Dogecoin. Ali Martinez suggests that it may face significant price increases, potentially reaching between $3.95 and $23.26 based on Fibonacci analysis.

Memecoin Market Revitalization

Dogecoin's rise has revitalized the memecoin sector. Shiba Inu (SHIB) has increased by 20% in the past day, contributing to a 57% weekly gain. Other memecoins like Pepe Coin (PEPE) and Dogwifhat (WIF) have also seen increases ranging from 12% to 25%.

Overall Cryptocurrency Market Growth

The overall cryptocurrency market has witnessed a significant uptick following Trump's victory. Bitcoin has risen by 17.9%, Ethereum by 29%, and Solana by 27%, raising the total market value to $2.75 trillion.

Key Takeaways

  • Dogecoin's market cap exceeds $42.3 billion.
  • Over $64 million in Dogecoin liquidations have occurred in the past 24 hours.
  • The total cryptocurrency market value has increased by $400 billion.
  • Memecoins are experiencing significant growth.

The recent bullish trends suggest a robust recovery in the cryptocurrency sector, driving optimism for its future performance.

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