Shiba Inu Coin rose for six consecutive days, with the largest single-day increase exceeding 12%

Shiba Inu Coin (SHIB) rose sharply on the 10th, mainly benefiting from the market's optimistic expectations for the conclusion of a trade agreement between the United States and the United Kingdom, as well as investors' strong willingness to hold coins.

The market generally believes that the agreement will promote economic activities between the United States and the United Kingdom, thereby driving more funds into the cryptocurrency market. As a result, the price of Shiba Inu Coin has risen rapidly in a short period of time.

In addition, once the US-UK trade agreement is officially implemented, global economic cooperation is expected to be further strengthened, and the overall demand for cryptocurrencies will also grow accordingly. Shiba Inu Coin has attracted much attention as a community-driven project, and its trading volume continues to rise.

The rise of Shiba Inu Coin was also driven by investors' "long-term holding" trend. There is less selling in the market, and more investors tend to hold for the medium and long term, resulting in limited circulation, which in turn pushes up prices.

At the same time, as the overall risk appetite of the crypto market increases, "meme coins" such as Shiba Inu Coin are once again favored by investors. The discussion about Shiba Inu Coin on social media has increased significantly, and the investor group is also expanding. At present, Shiba Inu Coin (SHIB) has risen for six consecutive days, with the largest increase being 12.34% on May 8.