Bitcoin Adds $20K in a Week, But Dogecoin Performs Even Better
2024-11-12

It has been nothing short of a spectacular week for the cryptocurrency market, led by the largest of the bunch, which continued to chart new peaks, with the latest coming hours ago.
The total crypto market capsaw a highof its own at over $3.1 trillion. However, the most mind-boggling price surge is coming from another asset – the largest meme coin by market cap.
CryptoPotato repeatedlyreportedDogecoin’s price rallies over the past week, but it has been so impressive that it needs to be reasserted. DOGE traded at $0.166 last Tuesday – on the US election date – but started to explode in the following hours as Trump won a decisive victory.
Due to Elon Musk’s involvement with the president-elect and the potential new Department of Government Efficiency (D.O.G.E), which he will spearhead, the meme coin soared to $0.2 within days.
That was just the beginning, as it kept pumping since Saturday and more than doubled its value to soar to $0.42 earlier today. This is by far its highest price tag since the 2021 bull run.
Moreover, Dogecoin has now become the 6th-largest digital asset by market cap,surpassingXRP and USDC in the past few days.
At the same time, BTC is on a roll of its own, exploding from $68,000 on election day to nearly $89,000 earlier today to mark a fresh peak. Nevertheless, bitcoin has been overshadowed by DOGE even though it has gained more than twenty grand in just a week.