Bloomberg: Trump Stimulates Speculation in Cryptocurrencies, DOGE and other Tokens Outperform BTC

PANews reported on November 11th that in recent days, the performance of a series of small Cryptocurrencies has outperformed BTC, as people are optimistic about the future of the Cryptocurrency industry under the leadership of the newly elected U.S. President Trump, triggering a speculative betting frenzy. These include DOGE, which has pumped about 50% in the past five days; the most eye-catching performance comes from ADA on the Cardano blockchain, with a growth rate of over 60% during the same period, possibly driven by the network’s founder Charles Hoskinson discussing plans to collaborate with Washington legislators on a podcast. In addition, Tokens related to Polygon, Cosmos, Solana, and Algorand have all seen gains of over 7% in the past five days, outperforming BTC and reaching historic highs. Caroline Bowler, CEO of digital asset exchange BTC Markets Pty, said, “As the tide rises, the prosperity of BTC quickly spreads to AltCoin; the entire industry is expected to be a net beneficiary of the Trump administration.”