Bitcoin adds $20,000 in a week, but Dogecoin is doing even better

It’s been a spectacular week for the cryptocurrency market, led by the biggest of the bunch, which continued to make new highs, with the last few hours behind it.

The total crypto market capitalization had its own high of over $3.1 trillion. However, the most mind-blowing price increase comes from another asset: the largest meme coin by market cap.

CryptoPotato repeatedly reported Dogecoin price increases over the past week, but it has been so impressive that it bears repeating. DOGE traded at $0.166 last Tuesday, the date of the US election, but began to explode in the following hours as Trump won a decisive victory.

Due to Elon Musk’s involvement with the president-elect and the potential new Department of Government Efficiency (DOGE), which he will lead, the meme’s coin soared to $0.2 in a matter of days.

That was just the beginning as it continued to rise since Saturday and more than doubled in value to $0.42 earlier today. This is by far the highest price since the 2021 bull run.

Additionally, Dogecoin has become the sixth largest digital asset by market capitalization, surpassing XRP and USDC in recent days.

At the same time, BTC is on a roll, rising from $68,000 on Election Day to nearly $89,000 today to mark a new peak. However, bitcoin has been overshadowed by DOGE even though it has gained over twenty thousand in just one week.

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