Shiba Inu Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Shiba Inu (CRYPTO: SHIB) has experienced a 3.76% decrease in price over the last 24 hours, marking a continuation of its -2.0% decline over the past week. Despite the decrease in price, trading volume for SHIB has increased by 95.0%, while its circulating supply has slightly decreased by 0.47%. Currently, SHIB's market cap ranks it 19th at $5.53 billion.
February 21, 2024 | 3:02 pm
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Shiba Inu (SHIB) has seen a 3.76% price decrease in the last 24 hours and a -2.0% decrease over the past week, with a significant 95.0% increase in trading volume.
The price decrease of Shiba Inu (SHIB) over both the last 24 hours and the past week suggests a negative short-term impact on its valuation. However, the significant increase in trading volume indicates heightened investor interest, which could potentially mitigate some of the negative price pressure. The slight decrease in circulating supply might also support price stabilization in the near term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100