Bloomberg: Trump stimulates cryptocurrency speculation, DOGE and other tokens outperform BTC

On November 11th, according to Bloomberg, in recent days, a series of small cryptocurrencies have outperformed Bitcoin as people are optimistic about the future of the cryptocurrency industry under the leadership of newly elected US President Trump, sparking a wave of speculative bets. This includes DOGE, which has risen about 50% in the past five days; the most eye-catching performance comes from ADA from the Cardano blockchain, which has risen more than 60% during the same period, possibly due to the network's founder Charles Hoskinson discussing plans to work with Washington lawmakers on a podcast. In addition, tokens related to Polygon, Cosmos, Solana, and Algorand have all risen more than Bitcoin's 5-day rise of about 7%, reaching a new historical high. Caroline Bowler, CEO of the digital asset exchange BTC Markets Pty, said, "As the tide rises, the prosperity of Bitcoin quickly spreads to altcoins; the entire industry is expected to be a net beneficiary of the Trump administration."