Shiba Inu surges 67% following Trump's presidential win and Bitcoin's record high

Shiba Inu (SHIB) has increased by 67% to $0.00002837 in the past week, following Donald Trump's 2024 presidential win. This rise reflects investor optimism about potential pro-crypto policies under a Republican majority. The surge is also linked to Bitcoin reaching a new all-time high of $82,300. Investors are reacting to Trump's vision of the U.S. as a "Bitcoin superpower," which includes proposals to add Bitcoin to national reserves. Shiba Inu, originally created as a rival to Dogecoin, remains popular among retail investors due to its low price and volatility. It serves as both a speculative investment and a hedge against economic risks.