PANews reported on November 11 that according to Bloomberg, a series of small cryptocurrencies have outperformed Bitcoin in recent days as people are enthusiastic about the prospects of the cryptocurrency industry under the leadership of US President-elect Trump, triggering a wave of speculative bets. These include DOGE, which has risen by about 50% in the past five days; the most eye-catching is ADA from the Cardano blockchain, which has risen by more than 60% in the same period, which may be driven by the network's founder Charles Hoskinson discussing plans to cooperate with Washington lawmakers in a podcast. In addition, tokens related to Polygon, Cosmos, Solana and Algorand have all risen more than Bitcoin's five-day increase of about 7% and set a record high.
“A rising tide lifts all boats, and the bitcoin boom has quickly spread to altcoins; the entire industry is expected to be a net beneficiary of the Trump administration,” said Caroline Bowler, CEO of digital asset exchange BTC Markets Pty.
