Dogecoin 173%, Shiba Inu 86%, Bitcoin 45%… Cryptocurrency’s tremendous returns in a month, connection with Trump’s victory
It has been a month since the newly elected US President Donald Trump won the election. In this one month, many cryptocurrencies have given tremendous returns. There is one cryptocurrency whose one-month return has been more than 170 percent. At the same time, the price of the world’s most expensive cryptocurrency Bitcoin has also galloped.
The biggest reason for the boom in cryptocurrency is Trump himself. In fact, he supported cryptocurrency during the election campaign. At the same time, the world’s richest businessman Elon Musk has also been advocating cryptocurrency. Musk supported Trump in this election held in America. Trump has made Musk the head of the Department of Government Efficiency. At the same time, Trump has nominated Howard Lutnick, the head of American brokerage and investment bank Cantor Fitzgerald, for Commerce Secretary. Lutnick is a big supporter of cryptocurrency.
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Dogecoin
Dogecoin cryptocurrency has grown very fast in the last one month. The biggest reason for this is that this currency is considered to be the favorite currency of Elon Musk. Also, its price is also very low.
On November 5, its price was Rs 13.61. Today, on Friday, at 2 pm, its price was Rs 37.11. In such a situation, it has given 173 percent return to investors in a month.
Shiba Inu
Shiba Inu is second among the major cryptocurrencies giving the highest returns in this month. The most special thing about this currency is that its price is much less than one rupee. In October 2021, this currency climbed more than 1100 percent in one go.
On November 5, its price was Rs 0.0014 i.e. less than one paisa. Today at 2 pm its price was Rs 0.0026. This currency has given about 86 percent return to investors in this one month.
Bitcoin
It is not only the most expensive but also the most talked about cryptocurrency. The price of one cryptocurrency is in lakhs of rupees. Recently it has crossed the price mark of one lakh dollars. It can also be bought in pieces.
On November 5, the price of one bitcoin was around Rs 57.47 lakh. Now it has increased to Rs 83.30 lakh. That is, it has given about 45 percent return to investors in just one month.
