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Dogecoin jumps over 100% after Trump's win

The price of Dogecoin has doubled to $0.41 since Election Day.

By Mike Hesp
• 2 min read
Dogecoin jumps over 100% after Trump's win

The price of Dogecoin has doubled to $0.41 since Election Day. That’s the highest level for Dogecoin in more than three years. The rally was fueled by Donald Trump’s win and the announcement of a new government agency with the acronym DOGE.

This agency, focused on making government processes more efficient, will be co-led by Tesla CEO Elon Musk. His involvement and social media posts with Dogecoin's Shiba Inu mascot have brought extra energy and trading activity to the Dogecoin community.

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The trading volume has reached levels not seen since early March. This uptick points to strong participation by retail investors and renewed speculative interest in the cryptocurrency.

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