Shiba Inu Decreases More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Shiba Inu (CRYPTO: SHIB) has seen a 4.9% decrease in price over the last 24 hours, contrasting with a 20% increase over the past week. Its trading volume has risen by 29%, and the circulating supply has grown by 0.3%, reaching 589.26 trillion. Currently, SHIB's market cap ranks it as the 12th largest, at $15.33 billion.

April 24, 2024 | 3:02 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Shiba Inu's price has decreased by 4.9% in the last 24 hours, moving against its recent upward trend. The trading volume and circulating supply have increased, indicating heightened activity.
The short-term price decrease of Shiba Inu, despite its recent gains, suggests a potential market correction or profit-taking by investors. The increase in trading volume and circulating supply indicates active market participation, which could either stabilize the price or lead to further volatility. Given SHIB's significant market cap and its position as the 12th largest, these movements are particularly noteworthy for investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100