Smaller cryptocurrencies have recently performed better than Bitcoin due to increased speculation related to the expected impact of President-elect Donald Trump on the market.

Dogecoin, a digital token inspired by the Shiba Inu meme and popularized by Elon Musk, a supporter of Trump, has experienced a significant increase of around 50% in the past five days.

This surge in interest reflects a broader trend in the cryptocurrency industry, as investors respond to the potential for a favorable regulatory environment under the new administration.

The growing interest in alternative digital assets demonstrates a shift in market dynamics, with many traders seeking opportunities beyond traditional leaders like Bitcoin in the changing landscape.