Dogecoin, Shiba Inu Explode Over 10%: Is This The Mother Of All Bull Market Rallies?
Posted On October 29, 2024
Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) surged, riding Bitcoin’s (CRYPTO: BTC) upward momentum past $72,000.
What Happened: Coinmarketcap data shows meme coins nearing a $71 billion market cap, up 14.6% over 24 hours. Market optimism follows rising election odds for Donald Trump, with top meme coins Dogecoin, Shiba Inu and Pepe (CRYPTO: PEPE) all seeing strong gains. Dogecoin gained further traction after Elon Musk’s recent nod to DOGE at a Trump rally.
Meanwhile, Shiba Inu’s 24-hour burn rate spiked 436%, removing 52.3 million coins from circulation, driving prices higher.
| Cryptocurrency | Price | Market cap | 24-hour trend | 30-Day Trend |
| Dogecoin (CRYPTO: DOGE) | $0.1766 | $25.9 billion | +17.3% | +39.2% |
| Shiba Inu (CRYPTO: |
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