Following Trump's re-election, Dogecoin's value soared by 145%, outperforming major cryptocurrencies like Bitcoin and Ethereum. This surge is attributed to investor optimism regarding Trump's crypto-friendly policies and his collaboration with Elon Musk.
A notable catalyst was Trump's announcement of the Department of Government Efficiency (DOGE), led by Elon Musk. This move, perceived as symbolic support for Dogecoin, led to an 800% increase in its value, jumping from $0.15 to $0.42.
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📈 Trump's Own Meme Coin: $TRUMP
In addition to influencing Dogecoin, Trump launched his own meme coin, $TRUMP , which saw a 75% increase in value. The coin's popularity was further boosted by Trump's announcement of a dinner event for top $TRUMP holders, signaling strong endorsement.
The $TRUMP coin's market capitalization has exceeded $2.9 billion, with significant holdings by entities linked to Trump's organization.
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📊 Market Implications
Trump's embrace of cryptocurrencies has had a ripple effect across the market. Bitcoin reached a new all-time high of over $109,000, and Ethereum traded around $2,500. The broader crypto market has benefited from legislative advances and increased institutional interest. $DOGE #DinnerWithTrump
**$TRUMP Token**: Launched by Donald Trump, this memecoin soared to a $27B valuation and is now available for trading on Binance Futures with up to 25x leverage.
Dogecoin (DOGE): Following Elon Musk's endorsement of Trump and his proposal for the "Department of Government Efficiency (D.O.G.E.)", DOGE's price surged by 15%. $TRUMP $DOGE #Trump2024
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The frog is back and stronger than ever! 🐸💰 PEPE is making waves in the crypto world, and FOMO is real! Will it hit new ATHs, or is it just another meme run?
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