Dogecoin and Shiba Inu have both experienced substantial price increases, with Dogecoin rising by 25% and Shiba Inu by 10% in the last 24 hours. These popular meme coins have benefited from developments surrounding the US election, which have created a favorable market sentiment, leading to this bullish trend.
The double-digit rallies in Dogecoin and Shiba Inu prices highlight the impact of external factors, such as political events, on the cryptocurrency market. Investors seem optimistic about the election outcomes and are driving up the demand for these cryptocurrencies.
This surge in price reflects how quickly the crypto market can respond to broader economic and political changes, reaffirming the volatility and interconnectedness of digital currencies with global events.
