BlockBeats news, on November 11, according to Bloomberg, investors have recently been enthusiastic about the prospects of the cryptocurrency industry under the leadership of U.S. President-elect Trump, triggering a wave of speculation, with a series of small cryptocurrencies outperforming Bitcoin. coins, with Dogecoin (DOGE) up approximately 50% in the past five days.
Additionally, ADA is up more than 60% during the period, boosted by Cardano founder Charles Hoskinson discussing plans to work with Washington lawmakers on a podcast. Meanwhile, Polygon (POL), Cosmos (ATOM), Solana (SOL) and Algorand (ALGO) have all surpassed Bitcoin’s five-day gain of approximately 7%.
Caroline Bowler, CEO of digital asset trading platform BTC Markets Pty, said: “A rising tide lifts all boats, and the rise in Bitcoin has spread to altcoins relatively quickly. The entire crypto industry is expected to be a net beneficiary of the Trump administration.”
