CandleFocus Dogecoin rockets 60% since election night; Here's why
2024-11-11
Author: Content Editor
Dogecoin (DOGE) has experienced a significant rally, skyrocketing 60.32% since November 6, 2024, when Donald Trump was announced as president-elect again. The cryptocurrency has seen an overall rise of 159.08% in the last 30 days and 84.37% in the last 7 days. The rally is attributed to Trump's victory in the presidential election, which triggered a market rally. Other altcoins and meme coins, such as Cardano (ADA), Shiba Inu (SHIB), and Pepe (PEPE), have also experienced notable gains. The surge in the market is linked to expectations of regulatory reforms under the Republican administration and the potential removal of the SEC Chair, Gary Gensler. Elon Musk's alliance with Trump further contributes to the Dogecoin rally.
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