Shiba Inu Rises More Than 6% In 24 hours
Portfolio Pulse from Benzinga Insights
Shiba Inu (CRYPTO: SHIB) has seen a 6.14% increase in price over the last 24 hours, reaching $0.000032. This is part of a larger trend, with a 17.0% gain over the past week. The trading volume for SHIB has risen by 9.0%, while the circulating supply has decreased by 0.42%, leading to a current market cap of $18.99 billion, ranking it #12.
March 28, 2024 | 3:00 pm
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Shiba Inu (SHIB) has experienced a significant price increase of 6.14% in the last 24 hours, contributing to a 17% gain over the week. The trading volume has increased by 9%, and the circulating supply has slightly decreased.
The price increase of Shiba Inu (SHIB) over the past 24 hours and week indicates a strong positive momentum for the cryptocurrency. The rise in trading volume alongside a slight decrease in circulating supply suggests increased demand, likely contributing to the price increase. Given these factors, the short-term outlook for SHIB is positive, suggesting a likely continuation of its upward price movement.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100