Bitcoin adds 20 thousand dollars in a week, but Dogecoin does better

It's been an amazing week for the major-led cryptocurrency market, which has hit new highs in recent hours.

The total value of the crypto market has reached an all-time high of over $3.1 trillion. However, the most mind-blowing price increase comes from another asset – the biggest meme coin by market cap.

CryptoPotato has repeatedly reported on Dogecoin's price rallies over the past week, but it's been so impressive that it needs to be reconfirmed. DOGE traded at $0.166 last Tuesday – the day of the US election – but began to explode in the following hours as Trump secured a decisive victory.

Due to Elon Musk's involvement with the President-elect and the new Government Efficiency (DOGE) led by him, the meme coin rose to $0.2 within days.

It continued its rally from Saturday and more than doubled its price to $0.42 earlier today. This is the highest price tag since the 2021 bull run.

Moreover, Dogecoin has now become the 6th-largest digital asset, surpassing XRP and USDC in the past few days.

At the same time, BTC exploded from $68,000 to nearly $89,000 on Election Day, to mark a new peak. However, Bitcoin has been overshadowed by DOGE despite its massive gain of over twenty in a week.