Dogecoin and memecoins outperform crypto market after Trump win in US

Memecoins are up today, boosted by positive sentiment following Trump's victory in the US presidential election.

Altcoin in detail

Memecoins like Dogecoin DOGE 0.19313, Dogwifhat WIF 2.362, and Brett BRETT 0.0921 are among the best-performing cryptocurrencies on November 6, highlighting the Trump-fueled enthusiasm that boosted the cryptocurrency market.

Memecoin market cap hits seven-month high

The latest rally in memecoins has seen the sector's total market capitalization expand to a seven-month high of $66.72 billion on November 6.

The last time the memecoin market cap exceeded $66 billion was on April 1, when it peaked at $69.8 billion. The aggregate market value of cryptocurrencies in this sector has risen by 21% in the past 24 hours.