Shiba Inu Decreases More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Shiba Inu (SHIB) has experienced a 5.3% price drop in the last 24 hours, continuing a week-long decline of 9.0%. Despite the price drop, trading volume has increased by 47.0% over the past week, and the circulating supply has risen slightly. SHIB's market cap is currently ranked #12 at $12.89 billion.
June 11, 2024 | 3:02 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Shiba Inu (SHIB) has seen a 5.3% price drop in the last 24 hours and a 9.0% decline over the past week. Despite the price drop, trading volume has increased by 47.0%, and the circulating supply has risen slightly. SHIB's market cap is currently ranked #12 at $12.89 billion.
The significant price drop in SHIB over the past 24 hours and week indicates a bearish trend. The increase in trading volume suggests heightened market activity, but the overall negative price movement is likely to impact investor sentiment negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100