Dogecoin: A Joke No More? The Rise Of A $58 Billion Crypto Phenomenon [Forbes]
GameStop Corporation (GME)
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Source: Forbes
NurPhoto via Getty Images Two weeks after the U.S. presidential election, crypto markets are riding a bull run. The sector has achieved a record-breaking market cap of over $3.4 trillion, while bitcoin shattered expectations by soaring past $98,000, according to Coingecko. Amid this enthusiasm, certain coins are outpacing the pack, and Dogecoin (DOGE) is one of the standout performers. The oldest memecoin has surged an astonishing 150% since Election Day, buoyed by promises from President-elect Donald Trump and the growing political clout of Elon Musk. Indeed, Musk has been a longtime supporter of Dogecoin, calling himself "The Dogefather" and regularly praising the memecoin on X. With the announcement of the Department Of Government Efficiency (D.O.G.E.), a newly created agency Musk co-leads alongside Vivek Ramaswamy, this connection took on new dimensions. Dogecoin, created as a satire of the cryptocurrency frenzy and social media hype, has long been dismissed by the "serious
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