Cryptocurrencies

Dogecoin Outperforms Bitcoin as Trump Spurs Crypto Speculation

Crypto trading surges on optimism for a golden era under Trump
Shiba Inu-themed meme-coins are among those posting big gains

Bitcoin Could Hit $150K by End of Next Year: Metafide CEO

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By Ryan Weeks and Suvashree Ghosh

November 11, 2024 at 5:19 AM UTC

This article is for subscribers only.

A bevy of smaller cryptocurrencies outperformed market-leader Bitcoin in recent days as enthusiasm about the sector’s prospects under President-elect Donald Trump encouraged a wave of speculative bets.

Among the leaders are Shiba Inu-themed digital token Dogecoin, a meme-crowd darling promoted by Trump supporter Elon Musk. Also known as Doge, the coin is up about 50% in the past five days, according to data compiled by Bloomberg.