Dogecoin beats Bitcoin in crypto rush after Trump win

A bevy of smaller cryptocurrencies outperformed market-leader Bitcoin in recent days as enthusiasm about the sector's prospects under President-elect Donald Trump encouraged a wave of speculative bets.

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Among the leaders are Shiba Inu-themed digital token Dogecoin, a meme-crowd darling promoted by Trump supporter Elon Musk. Also known as Doge, the coin is up about 50 percent in the past five days, according to data compiled by Bloomberg.

At the top of the pile is ADA from the Cardano blockchain, up more than 60 percent over the period apparently because the network's founder Charles Hoskinson in a podcast discussed plans to work with lawmakers in Washington.

These and other so-called "altcoins," including tokens linked to blockchain platforms Polygon, Cosmos, Solana and Algorand, have posted gains exceeding Bitcoin's five-day climb of about 7 percent to a record high.