Dogecoin has soared 157% since Trump's election win, reaching a $53 billion market valuation. The rise aligns with a broader crypto frenzy, as investors expect Trump to boost the market. Other notable companies dogecoin is now bigger than include Allstate, Keurig Dr Pepper, and Kimberly-Clark.

Bitcoin price edged close to $90,000 early Tuesday as the postelection rally continues. Investors are betting that former President Donald Trump’s second term will boost cryptocurrencies because he has suggested more favorable regulation.

A bevy of smaller cryptocurrencies outperformed market-leader Bitcoin in recent days as enthusiasm about the sector’s prospects under President-elect Donald Trump encouraged a wave of speculative bets.

Dogecoin reportedly rose 145 per cent since Trump's election win. It outpaced Bitcoin's 30.5 per cent and Ethereum's 40 per cent gains in the past week.