Dogecoin, Shiba Inu, and other memecoins rose significantly on November 11 as the broader cryptocurrency market surged, reflecting increased market capitalization and trading volume. Dogecoin saw a 43% increase over the last 24 hours, while Shiba Inu climbed 14% and 65% over the week. This rally is partly attributed to optimism surrounding a crypto-friendly Trump administration, following the former president's electoral victory, which is expected to foster favorable legislation for the crypto sector. The total memecoin market capitalization reached an all-time high of $112 billion, doubling from $55 billion just a week prior. Additionally, substantial trading volume has fueled this rally, with liquidations of leveraged positions in the futures market leading to increased buying pressure. As a result, market analysts anticipate further gains, with targets suggesting significant price increases for Dogecoin and others in the coming months. However, investment in cryptocurrencies remains risky and requires careful consideration.

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