Shiba Inu's Price Increased More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Shiba Inu (CRYPTO: SHIB) has seen a price increase of 4.71% in the last 24 hours, continuing a positive trend with a 1.0% gain over the past week. Despite the price rise, trading volume has decreased by 26.0%, and the circulating supply has slightly decreased by 0.24%. SHIB's current market cap is $5.84 billion, ranking it 18th.
December 14, 2023 | 3:00 pm
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Shiba Inu (SHIB) has experienced a 4.71% increase in price over the last 24 hours and a 1.0% gain over the past week, despite a decrease in trading volume and circulating supply.
The price increase of Shiba Inu is a positive signal for short-term momentum, which may attract more investors. However, the decrease in trading volume could indicate less market activity, potentially limiting the upside. The slight decrease in circulating supply might be seen as a positive due to reduced selling pressure. The overall market cap ranking suggests SHIB is a significant asset in the crypto market.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100