Shiba Inu Decreases More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Shiba Inu (CRYPTO: SHIB) has seen a 4.0% decrease in price over the last 24 hours, contrasting with a 9.0% increase over the past week. The trading volume has decreased by 35.0%, and the circulating supply has slightly decreased by 0.19%. Currently, SHIB's market cap ranks it at #12 with a value of $13.60 billion.
May 08, 2024 | 3:02 pm
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Shiba Inu (SHIB) experienced a 4% decrease in the last 24 hours but has gained 9% over the past week. The trading volume and circulating supply have also seen reductions.
The short-term price decrease of 4% in Shiba Inu, despite a weekly gain, indicates a potential volatility in its price. The decrease in trading volume suggests less trading activity, which could further impact its price negatively in the short term. However, the overall weekly gain shows underlying strength, making the immediate outlook mixed but leaning towards negative due to the recent drop.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100