Shiba Inu Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Shiba Inu (CRYPTO: SHIB) has seen a price drop of 3.53% in the last 24 hours, contrasting with a 4.0% increase over the past week. The trading volume has decreased by 41.0%, while the circulating supply has risen by 0.36%, resulting in a current market cap ranking of #19 at $5.64 billion.

January 15, 2024 | 3:02 pm
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NEGATIVE IMPACT
Shiba Inu (SHIB) experienced a 3.53% price decline over the last 24 hours, despite a weekly gain of 4.0%. The trading volume has significantly decreased, and the circulating supply has slightly increased.
The price drop of 3.53% in Shiba Inu is a significant short-term negative movement, which is likely to influence investor sentiment negatively. The decrease in trading volume suggests lower market interest or consolidation, which could further pressure the price. However, the recent overall uptrend might provide some support. The score reflects the negative price action, while the high relevance and importance are due to the direct mention and focus on SHIB's performance. The confidence level is high as the data is sourced from recent and specific metrics.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100