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Dogecoin soared after Trump win beating Bitcoin and Ether in surprising momentum
Economy
Published on 24 April 2026
It started as a meme coin but runs its own chain
Bitcoin surged to a new record above $87,000 following Donald Trump’s election win and hopes for friendlier crypto rules. Dogecoin rose too, outpacing both Bitcoin and Ether at points, with gains linked to Elon Musk’s support and upbeat sentiment. Despite its meme origins, Dogecoin has its own proof-of-work blockchain that powers trading and transfers.
- Bitcoin hit a new all-time high above $87,000 after Trump’s victory
- Dogecoin also surged, with momentum boosted by Elon Musk and sentiment
- Dogecoin was created as a meme coin but has its own blockchain
- It uses a proof-of-work model like other major cryptocurrencies
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times