Following Donald Trumpâs 2024 presidential win, Shiba Inu
SHIB/USD+15.0%
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has surged 67% to $0.00002837 over the past week, reflecting excitement over potential pro-crypto policies. Shiba Inu is also gaining Monday amid a newall-time highof $82,300 for apex cryptocurrencyBitcoin.
What Else: Trumpâs victory, paired with the Republican majority in the Senate, suggests a policy shift with corporate tax cuts, high tariffs and inflationary pressures that could impact digital and traditional assets alike.
A major factor behind SHIB's rise is Trump's vision of the U.S. as a âBitcoin superpower,â including a proposal to add Bitcoin to national reserves. Such moves are energizing investors who see crypto as a hedge against economic risks, especially with analysts predicting a possible 2.4% inflationincrease if tariffs are enacted.
With its low price and high volatility, Shiba Inu remains popular among retail investors, serving as both a growth vehicle and hedge. Originally created as an Ethereum-based "Dogecoin killer," SHIB has captured the speculative interest of investors drawn to meme-based assets.
