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Bloomberg: Trump's election triggered a speculative frenzy in the crypto market, with DOGE rising by about 50% in the past 5 days
gate News: According to Bloomberg, investors are enthusiastic about the future of the Cryptocurrency industry under the leadership of the newly elected US President Trump, which has triggered a speculative frenzy. The performance of a series of small Cryptocurrencies has outperformed BTC, with Dogecoin (DOGE) pumping about 50% in the past five days.
In addition, ADA pumped more than 60% during this period, due to the push from Cardano founder Charles Hoskinson discussing collaboration plans with Washington legislators on a podcast.
Meanwhile, Polygon (POL), Cosmos (ATOM), Solana (SOL), and Algorand (ALGO) have all surpassed BTC's approximately 7% increase in the past five days.
BTC Markets Pty CEO Caroline Bowler said:"The rising tide has lifted the BTC pump relatively quickly, which is expected to have a ripple effect on the AltCoin. The entire encryption industry is expected to be a net beneficiary of the Trump administration."