Dogecoin, Shiba Inu and Floki Inu have all seen significant price increases recently, driven by trading fervor and the popularity of dog-themed cryptocurrencies. Dogecoin has risen 27% over the past 24 hours to $0.26, Shiba Inu has gained 26% and Floki Inu has jumped 20%. Investors are optimistic about the future of the cryptocurrency market due to new policies being implemented by President-elect Donald Trump, such as tax cuts and deregulation.
Additionally, Elon Musk’s support for the cryptocurrency Dogecoin has also helped to drive up the price of other dog-themed coins. The popularity of these coins has led to an increase in their market capitalization, with Dogecoin now being worth over $30 billion. However, it is important to note that these coins are still relatively young and their value is likely to fluctuate in the coming months.
