{
Nic Puckrin

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}
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memecoins surge as traders anticipate trump election victory and market volatility

Dogecoin surged over 22% and Shiba Inu gained 8% as traders anticipated a strong performance from former President Donald Trump in the U.S. election, which is seen as favorable for the crypto market. With low volatility leading up to the election, the renewed interest in memecoins reflects retail investors' risk appetite, although experts caution against overemphasizing their long-term viability. Trump's potential victory could lead to a more crypto-friendly regulatory environment, further boosting market sentiment, especially with speculation around Elon Musk's possible appointment in a Trump administration.
CNBC
Tesla, Inc. Elon Musk Ryan Rasmussen Chris Chung Nic Puckrin Donald Trump Show more
Finance & Economy, Market Report
06:59 06.11.2024
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Donald Trump Elon Musk Susan P. Crawford Brad Schimel Sergio Ermotti Andrea Orcel Karoline Leavitt Warren Buffett Jennifer Piepszak JD Vance Robin Leopold Dan Ives Joe Biden Mike Waltzer Matt Gaetz Bret Baier Olivier Calvet Kamala Harris Valentina Za Troy L Rohrbaugh

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