Dogecoin outperforms Bitcoin due to Trump's election victory and Musk's connection to DOGE

A flock of smaller ones Cryptocurrencies outperformed the market leader Bitcoin in recent days, as has enthusiasm about the sector's prospects under the elected president Donald Trump triggered a wave of speculative bets.

Among the frontrunners are Shiba Inu-themed digital tokens Dogecoina meme crowd-pleaser promoted by Trump supporters Elon Musk. The coin, also known as Doge, is up about 50% in the last five days, according to data compiled by Bloomberg.