Dogecoin surges 150% as Trump returns to White House

MG News | November 12, 2024 at 12:12 PM GMT+05:00

0:00

November 12, 2024 (MLN): The dog-themed memecoin Dogecoin, a digital token promoted by Donald Trump supporter Elon Musk, is up 150% this month so far following Trump's return to the White House that traders bet would be good for the cryptocurrency industry.

The memecoin has jumped about 354% so far in 2024 as the Republican candidate has vowed to put the US at the center of the digital-asset industry, including creating a strategic Bitcoin stockpile.

The token traded near $0.40 as of 12:10pm. It is still down 43% from the peak of $0.74 reached in May 2021 when the billionaire Elon Musk appeared on “Saturday Night Live.”

Similarly, the largest token Bitcoin has soared over 27% this month to a record $89,800.

The cryptocurrency has soared about 112% so far in 2024. That is more than returns from investments such as stocks and gold.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	176,355.49 799.09M	1.32% 2301.17
ALLSHR	106,095.08 1,399.85M	1.42% 1480.57
KSE30	54,010.33 172.85M	1.33% 707.40
KMI30	250,685.98 166.33M	0.86% 2146.75
KMIALLSHR	68,659.48 915.21M	1.16% 786.70
BKTi	49,612.52 72.87M	2.53% 1222.09
OGTi	35,256.55 17.79M	1.06% 368.14

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	88,120.00	89,705.00 87,470.00	-140.00 -0.16%
BRENT CRUDE	60.91	61.92 60.63	-0.42 -0.68%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	0.65 0.75%
ROTTERDAM COAL MONTHLY	96.75	0.00 0.00	0.20 0.21%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	57.41	58.55 57.20	-0.54 -0.93%
SUGAR #11 WORLD	14.95	15.22 14.80	0.11 0.74%