Shiba Inu Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Shiba Inu's (CRYPTO: SHIB) price has decreased by 3.53% over the past 24 hours to $0.0000082, contrary to its performance over the past week where it has experienced an up-trend of 8.0%. The trading volume for the coin has risen 39.0% over the past week while the circulating supply has decreased 0.11% to 589.34 trillion. The current market cap ranking for SHIB is #15 at $4.86 billion.
August 04, 2023 | 9:20 am
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NEGATIVE IMPACT
Shiba Inu's price has decreased by 3.53% in the last 24 hours, despite an 8.0% increase over the past week. The trading volume has risen by 39.0% while the circulating supply has decreased by 0.11%.
The decrease in Shiba Inu's price over the past 24 hours, despite an overall uptrend over the past week, could negatively impact its short-term price. The increase in trading volume suggests heightened interest, but the decrease in circulating supply could limit potential gains.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100