$SHIB $DOGE $PEPE
Why November Is Looking Good For The Meme Coin
Next month promises to be a bullish month for the crypto market, which could also be positive for the Shiba Inu price. The November 5 presidential election is set to take place with the aftermath positive for cryptocurrencies since it will bring market certainty. Moreover, pro-crypto candidate Donald Trump is leading in the polls, a development that could send crypto prices skyrocketing if he eventually wins the elections.
Shiba Inu’s outlook is also bullish thanks to the team’s efforts, which could help boost SHIB’s adoption. The team recently announced a strategic upgrade for the Shiboshi NFT collection on the Shibarium network.
This move could help increase daily transactions on the Shibarium network, which would ultimately impact the Shiba Inu price positively. A surge in Shibarium’s daily transactions leads to more SHIB burns, which causes the meme coin to be more valuable in the long term.
At the time of writing, the Shiba Inu price is trading at around $0.00001719, up in the last 24 hours. Trading volume is up over 77%, with $269 million traded during this period.
