Shiba Inu Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Shiba Inu (CRYPTO: SHIB) has experienced a 4.33% price drop over the last 24 hours, continuing a weekly decline of 10%. The trading volume has increased by 56%, and the circulating supply has risen by 0.55%, with a current market cap ranking of #19 at $5.13 billion.
January 23, 2024 | 7:03 pm
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Shiba Inu (SHIB) has declined by 4.33% in the past day and 10% over the past week, with an increase in trading volume and circulating supply.
The price decline of Shiba Inu, both on a daily and weekly basis, suggests bearish sentiment among investors. The increased trading volume indicates higher interest, which could lead to increased volatility. The rise in circulating supply may put additional downward pressure on the price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100