On November 11, according to Bloomberg, a series of small cryptocurrencies have outperformed Bitcoin in recent days, as enthusiasm about the future of the cryptocurrency industry under US President-elect Donald Trump has triggered a wave of speculative bets. These include DOGE, which has rallied about 50% in the past five days, and ADA from the Cardano blockchain, which has risen more than 60% in the same period, or was driven by the network's founder, Charles Hoskinson, who discussed plans to work with lawmakers in Washington in a podcast. In addition, Polygon, Cosmos, Solana, and Algorand-related tokens all outpaced Bitcoin's five-day gain of about 7% and hit a record high.
Caroline Bowler, chief executive of digital asset exchange BTC Markets Pty, said: "The tide is rising and the bitcoin boom is quickly spreading to counterfeit products; the industry as a whole is expected to be a net beneficiary of the Trump administration."
Bloomberg: Trump Stimulates Cryptocurrency Speculation, Tokens Like DOGE Outperform BTC
2024-11-11 06:15:34
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