Dogecoin, created as a joke back in 2013, surged 88% in value after Donald Trump won. It was market dynamics-like expectations of less regulation-that catapulted cryptos like Bitcoin to new highs. The presence of Musk leading a new department, the Department of Government Efficiency, with the same initials as dogecoin, has given reason for the cryptocurrency to rise. Its price, once touching 47 cents, an all-time high for three years, fell to 37 cents and rose by more than 200% on the month.
