Is Dogecoin also soaring because of Trump's win?

[Fidelia]

Dogecoin has seen a monumental increase of over 80% over the last few days. What could the pump in the price of Dogecoin be attributed to? Is it also because Trump won the American elections that Dogecoin is also soaring, knowing that Elon Musk is a huge supporter of Doge?

 

[Trush Jodie]

Elon Musk is the prominent figure in Trump's win and his close association with Doge has made it to keep rising with Trump winning.

 

[Nomad]

Bitcoin is the benchmark of crypto world. If bitcoin gains value all other coins follow. Bitcoin gained value due to Trump's win so most coins that are gaining value because bitcoin gained value

 

[Kross]

I heard that Doge has outperformed the entire market in just one week. That is very significant and it is because of Trump.

 

[eLdavis]

I think it has something to do with that as well, especially based on the fact that Musk was a huge supporter for Trump.

 

[SilverLance]

Elon Musk's support and Trump's win are both contributing factor to the recent increase of Dogecoin.

 

[Stardom22]

For me l think so. And because of that the dogecoin would actually soar on the cryocurrency market

 

[SilverLance]

And it certainly has the potential to soar even higher.