The cryptocurrency market continued the trend from last week, with Bit breaking through $81,000 to set a new high, and the market sentiment was overwhelmingly positive. At the same time, meme coins also experienced a new round of price increases.
Even before Trump's election victory, there had been multiple reports that Tesla CEO Musk would be appointed to the cabinet to lead a new "Department of Government Efficiency" (DOGE), which shares the same name as the original Doge meme coin, thus creating a new wave of Doge-related market activity.
Over the past 24 hours, Doge has risen by around 30%, with a total market capitalization of $43 billion, making it the 6th largest cryptocurrency. It is worth noting that under the leadership of Doge, other "dog-themed" meme coins in the market have also seen across-the-board increases. According to CoinMarketCap data, among the high-market-cap meme coins, the "dog-themed" meme coins have outperformed the frog-themed PEPE and the cat-themed Popcat over the past 24 hours.
