Shiba Inu Decreases More Than 7% Within 24 hours
Portfolio Pulse from Benzinga Insights
Shiba Inu's (CRYPTO: SHIB) price has fallen 7.27% to $0.000010 in the past 24 hours, continuing its negative trend over the past week with a 1.0% loss. The trading volume for the coin has increased 7.0% over the past week, while the overall circulating supply of the coin has decreased 0.46%. The current market cap ranking for SHIB is #15 at $5.67 billion.
August 16, 2023 | 3:00 pm
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NEGATIVE IMPACT
Shiba Inu's price has fallen 7.27% in the past 24 hours, continuing its negative trend over the past week. The trading volume has increased 7.0% over the past week, while the circulating supply has decreased 0.46%.
The decrease in Shiba Inu's price, along with the increase in trading volume and decrease in circulating supply, indicates a negative short-term impact on the asset. The negative price trend could continue due to these factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100