Shiba Inu has experienced a significant surge, recording impressive gains of over 30%. This rise is happening in the wake of a much-anticipated Trump victory in the 2024 US presidential elections, which has notably impacted all financial markets, including cryptocurrencies.
Initially, Bitcoin was the one witnessing these gains, but now altcoins like Shiba Inu and Dogecoin have caught up. Dogecoin also achieved a notable jump, reaching a three-year high as it increased by 20%.
The positive movement in Shiba Inu's value highlights the influence of major global events on the cryptocurrency market, showcasing its volatility and potential for rapid gain in response to external factors.
