Since Donald Trump won the presidency, the price of Dogecoin, a cryptocurrency that is well-known for its Shiba Inu dog mascot, has significantly increased.
Coindesk reports that Dogecoin’s value more than quadrupled from less than 16 cents on election day to about 38 cents on Wednesday afternoon. The increase is part of a larger trend of cryptocurrency development, as Bitcoin hit a record high of $93,000.
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