EXCLUSIVE AWARDS – The price of Bitcoin has been propelled to historic highs since the beginning of November. But other tokens – less known – are doing even better… And the American election is not the only reason for this craze.
The election of Donald Trump was considered the “big night” for Bitcoin. The price of the world's best-known digital currency gained more than 40% in a few days, setting a record at $100,000 this Thursday. The virtual currency invented in 2009 by Satoshi Nakamoto progressed after the announcement of the American president-elect to appoint Paul Atkins, a defender of cryptos, at the head of the SEC, the American dungeon policeman.
However, Bitcoin is not the most impressive “token” of this post-election sequence…altcoins» (i.e. alternative currencies) have seen their value rise much more impressively. We analyzed market developments over one month, between November 5, before the opening of polling stations in the United States, and this Thursday, December 5. The price of 14 of the 30 most valuable cryptocurrencies increased by more than 100%. And three of them show more than 300% increase (see our list below). The elected president of the United States had clearly shown himself, with Elon Musk, as a great defender of cryptocurrencies, during the campaign. This is one of the reasons for the recent price explosion, but certainly not the only one.
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