Dogecoin is on a week-long tear, skyrocketing from $0.15 to $0.43 within days to mark its highest value in more than three years. The Shiba Inu-themed memecoin gained 12% on Tuesday, continuing a sharp uptrend since it became apparent President-elect Donald Trump would reclaim the White House.
In the last week, Dogecoin has also significantly outpaced Bitcoin—which has itself been soaring. Once the eighth-largest cryptocurrency, the memecoin has climbed to number six, eclipsing XRP.
This performance appears to validate investors’ prediction that a Trump win would be a boon for Doge, not least because the coin’s most visible booster—Tesla founder Elon Musk—has become an integral part of the President-elect’s inner…
