Bloomberg: Trump's election triggered a speculative boom in the crypto market, and DOGE rose by about 50% in the past five days

Odaily Planet Daily Report: Recently, investors have been enthusiastic about the prospects of the cryptocurrency industry under the leadership of US President-elect Trump, which has sparked a speculative frenzy. A series of small cryptocurrencies have outperformed Bitcoin, with Doge (DOGE) rising about 50% in the past five days. In addition, ADA has risen more than 60% during this period, driven by Cardano founder Charles Hoskinson's discussion of his plans to collaborate with Washington lawmakers on a podcast. At the same time, Polygon (POL), Cosmos (ATOM), Solana (SOL) and Algorand (ALGO) have all exceeded Bitcoin's approximately 7% gain in five days. BTC Markets Pty CEO Caroline Bowler said, "The tide is rising, and the rise in Bitcoin is relatively quickly spilling over to Altcoins. The entire cryptocurrency industry is expected to be a net beneficiary of the Trump administration." Previously, Charles Hoskinson confirmed that he plans to cooperate with the US government under Trump's leadership to help formulate cryptocurrency legislation, with the goal of creating a clear regulatory framework for the industry.