Shiba Inu Decreases More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Shiba Inu's (CRYPTO: SHIB) price has decreased 4.45% over the past 24 hours to $0.0000085, continuing its downward trend over the past week of -3.0%. The trading volume for the coin has increased 6.0% over the past week, while the overall circulating supply has decreased 0.01%. The current market cap ranking for SHIB is #16 at $5.02 billion.
May 24, 2023 | 7:00 pm
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NEGATIVE IMPACT
Shiba Inu's price has decreased 4.45% in the past 24 hours and 3.0% over the past week, with an increase in trading volume and a decrease in circulating supply.
The decrease in Shiba Inu's price over the past 24 hours and week, combined with an increase in trading volume and a decrease in circulating supply, indicates a negative short-term impact on the asset. The downward trend and increased trading activity suggest that investors are selling off their positions, which could lead to further price declines in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100