Dogecoin hits three-year high of 43 cents following election results
Dogecoin reached $0.4398 on Binance, its highest price in over three years, following a 143.2% increase in the past week. This surge outpaced Bitcoin's 28.2% gain, driven by optimism after Donald Trump's election win. The rise in Dogecoin is linked to expectations of pro-crypto policies. Elon Musk's recent comments about a potential government role also contributed to the excitement among Dogecoin supporters. Despite the rally, analysts caution about challenges in the altcoin market and the need for sustainable growth strategies. Spirit Blockchain Capital plans to build Dogecoin reserves, aiming to expand its use beyond a meme currency.