Elon Musk-backed Dogecoin soars 25% as Trump wins historic election
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Elon Musk's favorite cryptocurrency, Dogecoin, surged a whopping 25% to $0.2068 earlier today. The surge can largely be attributed to Donald Trump's win in the US presidential race. Trump has now secured a historic victory, leading with 277 electoral votes to surpass the 270 threshold. Both Musk's vocal support and Trump's pro-cryptocurrency stance have fueled the rally.