Donald Trumps Election Victory Boosts Cryptos Leading Memecoins Today

Donald Trump’s Election Win Charges Cryptos: Top Memecoins Of The Day.
NOIDA (CoinChapter.com)— Following Donald Trump’s recent presidential victory, the cryptocurrency market has seen pronounced volatility, with memecoins displaying the strongest reactions. Dogecoin (DOGE) surged by 21%, crossing the $0.20 mark, while Shiba Inu (SHIB) and PEPE also recorded substantial gains.
This momentum is attributed to Trump’s pro-crypto stance, which appears to have boosted investor confidence in these digital assets. Additionally, political-themed tokens like TrumpCoin have witnessed notable spikes, reflecting the market’s sensitivity to political shifts.
As the market adjusts to the evolving landscape, investors closely monitor memecoins for cues.
1. DOGEGOV, Because Trump And Musk Obviously
Following Donald Trump’s win in the US presidential election, any and all memecoins associated with the President-elect are bound to jump. In Sept. 2024, Donald Trump announced he would form a government efficiency commission, with Elon Musk agreeing to lead it.
The commission aimed to cut spending and reduce regulations, aligning with Musk’s push for deregulation despite his companies’ federal ties. Interestingly, the department’s proposed name is the ‘
Department of Government Efficiency
‘ or D.O.G.E.


DOGEGOV USD daily price chart. Source:
Tradingview
The crypto community responded with a memecoin that was the namesake of the proposed department. The token has been making higher highs since its launch in Sept. 2024, and on Nov. 6, the token reached a new all-time high near $0.094.
If the US election euphoria-induced bull run continues, DOGEGOV price could reach a new ATH after crossing above the resistances near $0.08 and $0.1.
However, the token’s likely fate would be profit booking. As such, the DOGEGOV price could drop to support levels near $0.056 and $0.035 before recovering.
Not seeing a spike in a token named DOGEGOV would have been a surprise on the day that Donald Trump won the US election. Moreover, the spike highlights the impact that Trump’s appointment will likely have on the crypto sector, with Bitcoin price painting a new ATH near $75,000 on Nov. 6.
Dr Rhys Bidder, Deputy Director of the Qatar Centre for Global Banking & Finance at King’s Business School and Senior Lecturer in Finance, highlighted the potential impact of Trump’s win on Bitcoin and other cryptos, stating,
2. Dogecoin, Because The Musk Connect Still Got Pull
Next on the list is the OG memecoin, Dogecoin. With Musk’s overtly public support of Donald Trump, a win was bound to be a bullish cue for the canine-themed token. DOGE price did not disappoint, with the DOGE USD pair spiking nearly 31% to a daily high near $0.22 before falling prey to profit booking.


DOGE USD daily price chart. Source:
Tradingview
If the rally continues, bulls would likely try to push DOGE price back above the resistance near $0.202. Consolidating above the immediate resistance might help the token flip the resistance near $0.22.
Conversely, continued profit booking from here would likely result in the token dropping to the support levels near $0.176 and $0.156.
The Musk and Trump connection certainly helped the DOGE USD pair reach above $0.2 for the first time since April earlier this year.
3. Shiba Inu, Because If DOGE Can, Why Not Me
Shiba Inu, the second largest memecoin and a joke on the original canine token Dogecoin, also joined the Trump US election win party. However, the
SHIB USD pair
only jumped about 11% to reach a daily high near $0.00002.
The slightly subdued reaction was likely a result of more trader flocking for DOGE (the Musk effect) or Trump-themed memecoins, which showed more volatility than others.


SHIB USD daily price chart. Source:
Tradingview
SHIB prices failed to exceed the $0.00002 price mark, suggesting strong selling pressure near the resistance. As such, breaking above $0.00002 could help the SHIB USD pair rise to the resistance near $0.000022.
Continuing bullish market conditions following Donald Trump’s win in the US presidential elections could help SHIB price reach its targets.
Conversely, increased sell-off could force SHIB to test the 50-day EMA (purple) and 200-day EMA (green) support confluence near $0.000017. If the immediate support level fails, SHIB price could drop to the support near $0.000015.
4. PEPE, Because Why Should Dogs Have All The Fun In The Trump Victory Rally
Pepe coin presented a fine example of how Donald Trump winning the U.S. presidential elections impacted the memecoins. The above three tokens had some connection to either Trump or his supporters. PEPE, however, reacted almost purely to bullish market sentiment.


PEPE USD daily price chart. Source:
Tradingview
As a result, the
PEPE USD pair
ended up with a decent 16% spike to a daily high near $0.00000995. The token now faces resistance near $0.00001, flipping which would help PEPE price rally to the resistance near $0.0000109.
When the US election hype cools down, or profit booking settles in, the PEPE price could drop to the resistance near $0.0000086 and $0.0000077.