Shiba Inu's Price Increased More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Shiba Inu (CRYPTO: SHIB) saw a price increase of 4.97% in the last 24 hours to $0.000022, despite a 20% loss over the past week. The trading volume for SHIB increased by 54%, and its circulating supply rose by 0.11% to over 589.26 trillion, with a current market cap ranking of #12 at $13.19 billion.

April 16, 2024 | 7:00 pm
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Shiba Inu (SHIB) experienced a 4.97% price increase over the last 24 hours, countering a weekly 20% decline. The trading volume surged by 54%, and its circulating supply increased to over 589.26 trillion, with a market cap of $13.19 billion.
The price increase of Shiba Inu (SHIB) over the last 24 hours, despite its recent weekly loss, indicates a potential short-term bullish sentiment among investors. The significant increase in trading volume suggests heightened interest and activity, which could further support the price in the short term. The increase in circulating supply is relatively small and unlikely to have a significant impact on price movements. Given these factors, the short-term outlook for SHIB is positive, but investors should remain cautious of volatility.
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