The global cryptocurrency market capitalization has recently surged above $2.75 trillion, with leading digital assets such as Bitcoin (BTC), Ethereum (ETH), Solana, and Binance Coin (BNB) experiencing significant gains. The meme coin niche has also seen a boost, with Shiba Inu (SHIB) among the best performers. Its price spiked by 7% in the past hour, and its market capitalization exceeded $17 billion.

This latest surge puts over 63% of SHIB holders in profitable territory, a stark contrast to September last year when over 90% of investors were underwater. Some analysts, such as SHIB KNIGHT and JAVON MARKS, believe Shiba Inu is yet to experience a significant pump and envision triple-digit increases in the near future.

Other meme coins, such as Dogecoin (DOGE), Pepe Coin (PEPE), and dogwifhat (WIF), have also witnessed substantial gains, further indicating a positive outlook for the cryptocurrency market.