Shiba Inu Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Shiba Inu (CRYPTO: SHIB) has seen a 4.47% decrease in price over the last 24 hours, continuing a negative trend with a 13% loss over the past week. The trading volume for SHIB has decreased by 45%, while the circulating supply has slightly increased by 0.08%, leading to a current market cap of $13.96 billion, ranking it #12.
April 29, 2024 | 3:03 pm
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NEGATIVE IMPACT
Shiba Inu (SHIB) experienced a 4.47% price drop over the last 24 hours and a 13% decrease over the past week, with a significant decrease in trading volume and a slight increase in circulating supply.
The significant price drop and decrease in trading volume for Shiba Inu (SHIB) over the past week indicate a negative short-term impact on its valuation. The slight increase in circulating supply could further dilute its value, contributing to the negative trend.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100