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Salon
Salon
Natalie Chandler

Dogecoin surges as Trump announces DOGE

Elon Musk Dogecoin Donald Trump The Associated Press Cryptocurrency Bitcoin CNBC

Dogecoin, a cryptocurrency with a dog mascot and Elon Musk as one of its most famous fans, has surged in value since Donald Trump won the presidential election and announced a new government group nicknamed DOGE.

One dogecoin that was worth less than 16 cents before Election Day has more than doubled to around 41.5 cents today, The Associated Press reported. 

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