PANews November 11 news, according to Bloomberg, in recent days, a series of small cryptocurrencies have outperformed Bitcoin as enthusiasm for the prospects of the cryptocurrency industry under the leadership of elected President Trump has sparked a wave of speculative bets. This includes DOGE, which has risen about 50% in the past five days; the standout performer is ADA from the Cardano blockchain, which has risen over 60% during the same period, possibly driven by the network's founder Charles Hoskinson discussing plans to collaborate with Washington lawmakers on a podcast. Additionally, tokens related to Polygon, Cosmos, Solana, and Algorand have all exceeded Bitcoin's approximately 7% five-day increase and have reached all-time highs.
Caroline Bowler, CEO of digital asset exchange BTC Markets Pty, stated: 'A rising tide lifts all boats; the prosperity of Bitcoin is quickly spilling over into altcoins; the entire industry is expected to become a net beneficiary of the Trump administration.'
