Shiba Inu Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Shiba Inu (CRYPTO: SHIB) has experienced a 3.93% price drop over the last 24 hours, continuing a weekly decline of 11%. The trading volume has decreased by 68%, while the circulating supply has increased by 0.32%, resulting in a current market cap ranking of #18 at $5.39 billion.
January 18, 2024 | 7:03 pm
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Shiba Inu (SHIB) has seen a significant price decline and decrease in trading volume, indicating bearish sentiment among investors.
The price of Shiba Inu has dropped significantly, which is typically a negative indicator for short-term price movement. The decrease in trading volume suggests lower investor interest, which could further pressure the price downward. The increase in circulating supply without a corresponding increase in demand could also contribute to the price decline.
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IMPORTANCE 75
RELEVANCE 100