Dogecoin and ADA Surge Over 50% as Crypto Market Reacts to Trump’s Leadership Prospects

According to a recent report by Bloomberg, investor sentiment towards the cryptocurrency sector has surged following the electoral victory of President-elect Trump. This optimism has catalyzed a notable uptick in several small-cap cryptocurrencies, surpassing Bitcoin’s performance. Specifically, Dogecoin (DOGE) has rallied approximately 50% within just five days. Furthermore, Cardano’s native token (ADA) experienced an impressive increase exceeding 60%, fueled by the founder Charles Hoskinson’s insights into prospective partnerships with U.S. lawmakers on a recent podcast. Additionally, other notable cryptocurrencies such as Polygon (POL), Cosmos (ATOM), Solana (SOL), and Algorand (ALGO) have enjoyed gains exceeding 7% during this same timeframe, outpacing Bitcoin. As Caroline Bowler, CEO of BTC Markets Pty, remarked, “A rising tide lifts all boats,” suggesting that the entire crypto market stands to gain from this promising political landscape.