Shiba Inu Falls More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Shiba Inu (SHIB) has experienced a 5.79% price drop in the past 24 hours, continuing a week-long decline of 16%. Trading volume has decreased by 35% over the past week, while the circulating supply has increased slightly by 0.27%. The current market cap is $9.82 billion, ranking SHIB at #13.
June 24, 2024 | 7:00 pm
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Shiba Inu (SHIB) has seen a significant price drop of 5.79% in the past 24 hours and a 16% decline over the past week. Trading volume has decreased by 35%, while the circulating supply has increased by 0.27%. The market cap is currently $9.82 billion, ranking SHIB at #13.
The significant price drop and decreased trading volume indicate a bearish trend for SHIB. The slight increase in circulating supply adds to the downward pressure on the price. Investors may see this as a negative signal in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100