Shiba Inu Rises More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Shiba Inu (CRYPTO: SHIB) has seen a 5.87% increase in price over the last 24 hours, reaching $0.000029, continuing a positive trend with a 3.0% gain over the past week. Despite this, trading volume has decreased by 59.0%, with the circulating supply also slightly down by 0.11%, totaling 589.27 trillion. SHIB's market cap ranks it 13th at $17.31 billion.
March 25, 2024 | 4:05 pm
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Shiba Inu (SHIB) has experienced a 5.87% price increase in the last 24 hours, reaching $0.000029, with a 3.0% gain over the past week. The trading volume has decreased by 59%, and the circulating supply has slightly decreased by 0.11%, with a current market cap of $17.31 billion.
The positive price movement of Shiba Inu (SHIB) over the past 24 hours and week indicates a bullish trend for the cryptocurrency. Despite a significant decrease in trading volume, which could suggest less market activity, the price has continued to rise, which may attract more investor interest in the short term. The slight decrease in circulating supply could also be contributing to the price increase by creating a perception of scarcity. Given these factors, the short-term impact on SHIB's price is likely positive.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100