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PEPE, Shiba Inu, Dogecoin Poised for Gains as Trump’s Presidency Boosts Memecoins
Dogecoin, Shiba Inu, and PEPE are seeing gains as the market anticipates Trump’s pro-crypto policies and Musk’s influence in his administration.
While optimism grows, analysts warn of potential “sell-the-news” market reactions if crypto regulation initiatives face delays.
Following the announcement of the 2025 Presidential Inauguration update in a recent CNF post, we had questioned whether a change in leadership would usher in a bull market in crypto that would yield new success stories involving the top five memecoins.
Collectively, the total market cap of meme coins has recently dropped under $100 billion. A swift recovery was made too, with the market cap recovering 5% within 24 hours to $99 billion.
But trading during the same period rocketed by 57%, growing to $11 billion. A rebound is happening coinciding with optimism over Donald Trump’s inauguration fueling memecoin supporters’ enthusiasm.
Dogecoin Leads the Pack with Bullish Momentum
As Trump’s presidency continues to draw memecoin interest, Dogecoin (DOGE) is looking to be the frontrunner. The appointment of Elon musk as leader of the Department of Government Efficiency (D.O.G.E) is a key…