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Dogecoin meme coin grows by over 130% after US presidential election

On November 4, the cryptocurrency was at $0.15822, and then the meme coin rate accelerated its growth and on November 12 it updated its three-year high, rising to $0.4358 for the first time since June 3, 2021 (+175.44% compared to November 4), according to data as of 03:54 Moscow time

MOSCOW, November 13. /TASS/. The Dogecoin (DOGE) cryptocurrency has accelerated its growth after Donald Trump's victory in the US presidential election - since November 5, the meme coin has grown by more than 130%, according to Binance data.

The cryptocurrency rose against the backdrop of Trump's statement on November 13 about the creation of the Department of Government Efficiency (its abbreviation DOGE coincides with the name of the meme coin - TASS), which will be headed by entrepreneur Elon Musk and businessman Vivek Ramaswamy.

On November 4, the cryptocurrency was at $0.15822, and then the meme coin rate accelerated its growth and on November 12 it updated its three-year high, rising to $0.4358 for the first time since June 3, 2021 (+175.44% compared to November 4), according to data as of 03:54 Moscow time.

At 12:40 Moscow time on November 13, the price of Dogecoin reached $0.37198 (+135.1% compared to November 4).

Dogecoin was originally created as a joke by Billy Markus and Jackson Palmer in 2013 with a Shiba Inu dog as its logo. In 2019, Elon Musk said that he considers Dogecoin to be one of his favorite cryptocurrencies. It also shows steady growth after Musk mentions it in the media and on social networks.

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