{"id":40793,"date":"2024-11-05T11:05:30","date_gmt":"2024-11-05T11:05:30","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/doge-leads-top-coins-as-crypto-eyes-the-trump-trade\/"},"modified":"2024-11-05T11:05:30","modified_gmt":"2024-11-05T11:05:30","slug":"doge-leads-top-coins-as-crypto-eyes-the-trump-trade","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/doge-leads-top-coins-as-crypto-eyes-the-trump-trade\/","title":{"rendered":"DOGE leads top coins as crypto eyes \u201cthe Trump trade\u201d"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/06_Doge-8-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/06_Doge-8-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/06_Doge-8-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/06_Doge-8-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>DOGE price rose 11% to hover near $0.17 as most coins flactuated lower.<\/li>\n<li>Analysts expect Dogecoin to explode amid a potential win for Donald Trump in the US election.<\/li>\n<li>QCP say Bitcoin is also largely a \u201cTrump trade\u201d<\/li>\n<\/ul>\n<p><a href=\"https:\/\/coinjournal.net\/dogecoin\/\">Dogecoin<\/a> is trading more than 11% up in the past 24 hours. At the time of writing, DOGE leads all the top coins by market cap as the US Election Day rolls in on Nov. 5.<\/p>\n<p>With crypto largely vouching for a Donald Trump win, analysts say prices will pump if he wins. However, the outlook is that with other factors in play, the next few months could see cryptocurrencies skyrocket regardless of whether it\u2019s Kamala Harris that wins.<\/p>\n<h2>Crypto investors eye \u201cTrump trade\u201d<\/h2>\n<p>Dogecoin\u2019s gains of 11% have the meme coin poised near $0.17, potentially looking at a head and shoulder pattern formation. If price retests key support, a nice bounce amid a Trump win will take DOGE past the year-to-date highs.<\/p>\n<p>Crypto analyst Miles Deutscher <a href=\"https:\/\/twitter.com\/milesdeutscher\/status\/1853663675812315280\" target=\"_blank\" rel=\"noopener\">sees<\/a> DOGE as the \u201cTrump proxy\u201d token.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> isn&#8217;t the best Trump proxy, <a href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$DOGE<\/a> is.<\/p>\n<p>\u2014 Miles Deutscher (@milesdeutscher) <a href=\"https:\/\/twitter.com\/milesdeutscher\/status\/1853663675812315280?ref_src=twsrc%5Etfw\">November 5, 2024<\/a><\/p>\n<\/blockquote>\n<p>Currently, the meme coin is up 54% over the past month and 142% in the past year.<\/p>\n<p>These gains for Dogecoin have come as Bitcoin (BTC) hovered near $68,700 following an intraday retest of lows of $66,800.<\/p>\n<p>BTC slumped as news of a major token movement hit the market. Early Tuesday saw the market react to news that defunct crypto exchange Mt.Gox had transferred Bitcoin worth nearly $2.2 billion from its cold storage wallet to new addresses.<\/p>\n<p>In previous instances this happened, bitcoin price has sunk amid anticipation of selling pressure from creditor repayments.<\/p>\n<p>Commenting on the overall market outlook, QCP analysts <a href=\"https:\/\/t.me\/QCPbroadcast\/1353\" target=\"_blank\" rel=\"noopener\">wrote<\/a>:<\/p>\n<p>\u201cThe day has finally arrived. Across stocks, treasuries, and crypto, market anxiety is palpable ahead of what promises to be one of the closest U.S. presidential races in history. The \u201cTrump trade\u201d\u2014encompassing long positions in the dollar, crypto, and bets on higher Treasury yields\u2014has gained traction leading up to the election, buoyed by Trump\u2019s lead in prediction markets. However, a Harris victory could potentially reverse these gains, triggering significant market swings overnight.\u201d<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/doge-leads-top-coins-as-crypto-eyes-the-trump-trade\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) DOGE price rose 11% to hover near $0.17 as most coins flactuated lower. Analysts expect Dogecoin to explode amid a potential win for Donald Trump in the US election. QCP say Bitcoin is also largely a \u201cTrump trade\u201d Dogecoin is trading [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":40794,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/40793"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=40793"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/40793\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/40794"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=40793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=40793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=40793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}