Dogecoin 173%, Shiba Inu 86%, Bitcoin 45%... Cryptocurrency's tremendous return in one month, connection with Trump's victory
It has been a month since America's newly elected President Donald Trump won the election. In this one month, many cryptocurrencies have given tremendous returns. There is one cryptocurrency whose one-month return has been more than 170 percent. At the same time, the price of the world's most expensive cryptocurrency, Bitcoin, has also galloped.
Cryptocurrencies have once again come into the limelight. The biggest reason for this is Donald Trump's victory in the US presidential election. It has been a month since Trump won. In this one month, the price of cryptocurrencies has rocketed. One cryptocurrency has given a return of more than 100 percent.
The biggest reason for the boom in cryptocurrencies is Trump himself. In fact, he supported cryptocurrencies during the election campaign. At the same time, the world's richest businessman Elon Musk has also been advocating cryptocurrency. Musk supported Trump in this election held in America. Trump has made Musk the head of the Department of Government Efficiency. At the same time, Trump has nominated Howard Lutnick, the head of American brokerage and investment bank Cantor Fitzgerald, for Commerce Secretary. Lutnick is a big supporter of cryptocurrency.
Bitcoin
This is not only the most expensive but also the most talked about cryptocurrency. The price of one cryptocurrency is in lakhs of rupees. Recently it has crossed the price mark of one lakh dollars. It can also be bought in pieces.
On November 5, the price of one bitcoin was around Rs 57.47 lakh. Now it has increased to Rs 83.30 lakh. That is, it has given about 45 percent return to investors in just one month.
