Since the victory of Donald Trump in America, crypto currency has been making record after record. But Trump’s victory has hurt his star supporter and the world’s richest man Elon Musk the most. While Musk’s wealth is increasing after Trump became President, his favorite crypto currency has also created a new record. Within a week, Elon Musk’s favorite crypto currency Dogecoin has jumped by 145 percent.
Prices increased 45 percent in 24 hours
In the last 24 hours, the price of Dogecoin has increased by about 45% and has reached $0.43614055. Ever since Trump’s return to America, there has been a huge increase of 145%. Not only this, due to its rapid growth, it has also left behind the world’s largest and oldest cryptocurrency Bitcoin and Ether. Along with this, the market cap of Bitcoin has also become bigger than that of silver. The market cap of Bitcoin has reached $1.736 trillion while that of silver is $1.735 trillion. At the same time, Dogecoin has become $55.69 billion.
eighth largest asset
Virtual currency Bitcoin has now become the eighth largest asset in the world. At the same time, the market cap of gold is 15.742 trillion dollars and it is the largest asset in the world. According to market experts, there is positive sentiment in the market regarding cryptocurrency and its prices may continue to rise further. Musk has openly supported Dogecoin and Trump in the US elections, the effect of which is increasing his wealth and currency. At the same time, due to Elon Musk and continuously making new records of crypto currency, the interest of investors in it has also increased. Since Trump’s victory, there has been a huge rise in cryptocurrencies and their market cap has crossed $3 trillion.
