DoZicoin surpasses USDC to become the 6th largest cryptocurrency, soaring 90% in a week

Doge (DOGE), a representative meme coin, has overtaken the leading stablecoin USDC to rank 6th in global market capitalization.
According to CoinMarketCap on the 11th, Dozicoin’s market capitalization was about $42.8 billion (about 6.56 trillion yen), down from the previous 6.3 trillion yen at $37 billion (about 5.67 trillion yen).
This is because the price of DoZicoin rose significantly after former President Donald Trump was elected as the 47th President of the United States.
It has risen by 91% since the previous day, the 4th, and was trading at $0.2924 on the same day, up 30.38% from the same time the previous day.
Bitcoin also broke its all-time high for four consecutive days, surpassing $80,000, but during the same period, Dozicoin
The rate of increase is much higher. Bitcoin has risen by about 17% since the 4th. Dozicoin is the latest cryptocurrency to be boosted by Tesla CEO Elon Musk, who has been driving up Dozicoin's price.
The CEO publicly supported President-elect Trump, and the coin rose as a "Trump-themed coin." After the presidential election, it has continued to rise along with Tesla's stock price.
In addition, due to the characteristics of "meme coins," it is speculated that the high rate of increase is due to factors such as high price volatility and a low price per coin.