Shiba Inu Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Shiba Inu's (CRYPTO: SHIB) price has decreased by 3.33% over the past 24 hours to $0.0000072, contrary to its performance over the past week where it experienced an up-trend of 2.0%. The trading volume for the coin has tumbled 1.0% over the past week while the circulating supply of the coin has risen 0.22%, bringing the circulating supply to 589.34 trillion. The current market cap ranking for SHIB is #19 at $4.27 billion.
July 06, 2023 | 3:00 pm
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NEGATIVE IMPACT
Shiba Inu's price has decreased by 3.33% over the past 24 hours. The trading volume has decreased by 1.0% over the past week, while the circulating supply has increased by 0.22%.
The decrease in Shiba Inu's price and trading volume, along with the increase in circulating supply, indicates a potential oversupply in the market. This could lead to further price decreases in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100