Price Movement and Market Position Following the recent U.S. presidential election , where Donald Trump secured victory over Kamala Harris, SHIB’s price has shown significant activity. The cryptocurrency is currently trading at approximately $0.00001859, reflecting a 2.27% increase in the last 24 hours and a 0.47% rise over the past week. This uptick aligns with a broader market trend, as Bitcoin also reached new all-time highs, suggesting a positive sentiment in the crypto sector. CoinGecko
Ecosystem Developments: Shibarium and Token Burns Shiba Inu ’s ecosystem continues to evolve with the development of Shibarium, its Layer-2 blockchain solution. Shibarium aims to enhance transaction efficiency and scalability , potentially increasing SHIB’s utility and adoption. Additionally, the SHIB community has implemented token burn mechanisms to reduce the circulating supply, which could positively impact the token’s value over time. Cointelegraph