Shiba Inu has emerged as a top Dogecoin and Cardano rival after surging by double digits in November. On November 1, Dogecoin was changing hands at around $0.00001789. Following Donald Trump’s victory in the US election, top altcoins surged, and Shiba Inu was no exception.
Specifically, Shiba Inu jumped as high as $0.00003031 on November 11. However, SHIB started retracing its growth as investors took profits. By November 27, Shiba Inu (SHIB) had stabilized at around $0.00002487. This price means Shiba Inu has gained 39% thus far in November.
Moreover, experts expect the bullish sentiment in the crypto market to push SHIB’s price higher in 2024. This explains why investors consider Shiba Inu a good crypto to buy: It offers a chance to earn similar returns to those in Dogecoin and Cardano in 2021.
