Shiba Inu Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Shiba Inu (CRYPTO: SHIB) has seen a price decrease of 3.23% in the last 24 hours, despite a 9.0% increase over the past week. The trading volume has decreased by 19.0%, while the circulating supply has increased by 0.57%, bringing it to 589.31 trillion. Shiba Inu's market cap is currently ranked #17, valued at $5.99 billion.
December 18, 2023 | 7:01 pm
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NEGATIVE IMPACT
Shiba Inu (SHIB) has experienced a short-term price decline of 3.23% over the past 24 hours, despite a recent uptrend. The decrease in trading volume and increase in circulating supply may contribute to price volatility.
The short-term impact on SHIBUSD is negative due to the recent price decline and decrease in trading volume, which typically indicates lower investor interest and could lead to further price drops. However, the overall uptrend over the past week and the coin's position in the market cap ranking may mitigate the impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100