With Donald Trump becoming the 47th US president, a new crypto bull run has commenced, leading to explosive growth in meme coins. Dogecoin's price, for example, saw an incredible increase of 208% within nine days.
This rapid rise in dog and cat-based cryptocurrencies is catching the attention of investors worldwide. With such a notable demand spike, Shiba Inu could potentially experience a similar massive rally.
The parallels between the movements of Dogecoin and Shiba Inu suggest potential for Shiba Inu to reach new price milestones, possibly aiming for a $1 valuation.
Given the market dynamics and recent developments, the increasing interest in meme cryptocurrencies may drive substantial price changes for Shiba Inu moving forward.
