Dogecoin surges 145% following Trump's election win, outpacing Bitcoin and Ethereum

Dogecoin has surged 145% since Donald Trump won the 2024 U.S. Presidential Election, significantly outperforming Bitcoin and Ethereum, which rose 30.5% and 40%, respectively. The price of Dogecoin reached $0.4037 after a 45% increase in the last 24 hours. Despite this rise, Dogecoin remains below its all-time high of $0.7376 from 2021. Analysts attribute the surge to positive market sentiment and endorsements from Elon Musk, who has been vocal in supporting both Dogecoin and Trump. Other cryptocurrencies also saw gains, with Cronos up 185%, Neiro up 118%, Cardano up 80%, and Pepe up 75%. Speculation suggests that a Trump administration may work with Musk on pro-crypto initiatives, further boosting investor interest.