TechFlow News, November 11 — According to Bloomberg, following Donald Trump's election as U.S. president, the cryptocurrency market has entered a new speculative surge. Several smaller cryptocurrencies have outperformed Bitcoin, with Dogecoin (DOGE) rising 50% over five days and Cardano (ADA) gaining over 60%, possibly influenced by recent discussions from its founder Charles Hoskinson about collaborating with Washington lawmakers. Tokens including Polygon, Cosmos, Solana, and Algorand have all posted gains exceeding Bitcoin's 7% rise.
Caroline Bowler, CEO of digital asset exchange BTC Markets Pty, said: "A rising tide lifts all boats—Bitcoin’s rally quickly spilled over into altcoins; the entire industry is expected to be a net beneficiary under the Trump administration."
