Home web3.0 Shiba Inu (SHIB) May Turn Bullish If Republican Candidate Donald Trump Wins the 2024 U.S Presidential Election

Shiba Inu (SHIB) May Turn Bullish If Republican Candidate Donald Trump Wins the 2024 U.S Presidential Election

Nov 06, 2024 pm 07:20 PM
Crypto Trump 2024 Shiba Inu

With counting underway and Trump maintaining a considerable lead over Kamala Harris, Shiba Inu (SHIB) may turn bullish if Republican candidate Donald Trump

Shiba Inu (SHIB) May Turn Bullish If Republican Candidate Donald Trump Wins the 2024 U.S Presidential Election

Shiba Inu (SHIB) price may turn bullish if Republican candidate Donald Trump wins the 2024 U.S presidential election, considering his support for digital assets.

SHIB Surges over 10% amid Trump’s Rising Chances

Shiba Inu (SHIB) price shows bullish signs and may surge if Trump wins the 2024 U.S presidential election, as suggested by recent market trends.

With counting underway and Trump maintaining a considerable lead over Kamala Harris, SHIB price may turn bullish if the Republican candidate were to win.

SHIB, currently trading at $0.00001927, has already gained 11.31% in the past 24 hours, reflecting increased market interest.

Trump has expressed support for the digital asset sector in various speeches during his campaign, and his son has also highlighted decentralized finance (DeFi) projects and tokens.

Being the crypto industry’s preferred candidate for 2024, Shiba Inu could potentially benefit from Trump’s election.

According to data from Polymarkets, the chances of Trump securing a victory in the 2024 US elections stand at a massive 94%, while that of soon-to-be former Vice President and Democratic candidate Kamala Harris stand at 5.9%.

SHIB Price Analysis

Shiba Inu (SHIB) price shows bullish signs but remains down 78.12% from its all-time high of $0.00008845, set during the 2021 market rally.

SHIB’s market cap currently stands at $11.41 billion, ranking it as the 12th-largest digital asset.

SHIB Burn Rate Accelerates

Shiba Inu is also showing signs of burning more tokens rapidly. The SHIB token burn rate has surged a monumental 1046.39%, according to data from Shibburn.

More than 14 million SHIB tokens were burned out of circulation in the past 24 hours.

SHIB price may continue to rise if Trump wins, but it’s crucial to note that this analysis is based on market trends and preferences and does not constitute financial advice.

Investors are advised to conduct thorough research and consult with qualified professionals before making any decisions.

The above is the detailed content of Shiba Inu (SHIB) May Turn Bullish If Republican Candidate Donald Trump Wins the 2024 U.S Presidential Election. For more information, please follow other related articles on the PHP Chinese website!

Statement of this Website
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Hot Article Tags

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

SublimeText3 Chinese version

SublimeText3 Chinese version

Chinese version, very easy to use

Zend Studio 13.0.1

Zend Studio 13.0.1

Powerful PHP integrated development environment

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

Shiba Inu's Quantum Leap: A New Era in Crypto Technology Shiba Inu's Quantum Leap: A New Era in Crypto Technology Nov 18, 2024 am 07:32 AM

Shiba Inu's Quantum Leap: A New Era in Crypto Technology

XRP, Cardano, and Solana Outperform Bitcoin (BTC) as Ripple CEO Links Their Success to the Recent U.S. Presidential Election XRP, Cardano, and Solana Outperform Bitcoin (BTC) as Ripple CEO Links Their Success to the Recent U.S. Presidential Election Nov 16, 2024 pm 06:46 PM

XRP, Cardano, and Solana Outperform Bitcoin (BTC) as Ripple CEO Links Their Success to the Recent U.S. Presidential Election

The Unforeseen Twist in the Quantum Race: What Shiba Inu's Quantum Computing Venture Means for Everyone The Unforeseen Twist in the Quantum Race: What Shiba Inu's Quantum Computing Venture Means for Everyone Nov 16, 2024 am 07:24 AM

The Unforeseen Twist in the Quantum Race: What Shiba Inu's Quantum Computing Venture Means for Everyone

Bitcoin Price Forecast: $100K Rally in Sight as Whales Load Up, Trump Touts DOGE Bitcoin Price Forecast: $100K Rally in Sight as Whales Load Up, Trump Touts DOGE Nov 15, 2024 am 12:16 AM

Bitcoin Price Forecast: $100K Rally in Sight as Whales Load Up, Trump Touts DOGE

PEPE the Frog Meme Coin Soars 42% as Coinbase and Robinhood Revive the Crypto Market PEPE the Frog Meme Coin Soars 42% as Coinbase and Robinhood Revive the Crypto Market Nov 14, 2024 pm 01:34 PM

PEPE the Frog Meme Coin Soars 42% as Coinbase and Robinhood Revive the Crypto Market

Shiba Inu (SHIB) Price Prepares for a Massive Bullish Breakout as Its Token Burn Accelerates Shiba Inu (SHIB) Price Prepares for a Massive Bullish Breakout as Its Token Burn Accelerates Nov 20, 2024 am 12:38 AM

Shiba Inu (SHIB) Price Prepares for a Massive Bullish Breakout as Its Token Burn Accelerates

Whale Activity Sparks Concern Over Shiba Inu (SHIB) Market Dynamics Whale Activity Sparks Concern Over Shiba Inu (SHIB) Market Dynamics Nov 20, 2024 am 04:18 AM

Whale Activity Sparks Concern Over Shiba Inu (SHIB) Market Dynamics

Dogecoin (DOGE), Ripple (XRP), and Bitcoin (BTC) Price Today – November 17, 2024 Dogecoin (DOGE), Ripple (XRP), and Bitcoin (BTC) Price Today – November 17, 2024 Nov 17, 2024 pm 10:08 PM

Dogecoin (DOGE), Ripple (XRP), and Bitcoin (BTC) Price Today – November 17, 2024