Shiba Inu Decreases More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Shiba Inu (SHIB) has experienced a 5.52% price drop in the last 24 hours, continuing a week-long negative trend with a 4.0% loss. Trading volume has decreased by 45.0%, and the circulating supply has slightly decreased by 0.24%. SHIB's market cap is currently $9.13 billion, ranking it #15.
August 01, 2024 | 3:03 pm
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NEGATIVE IMPACT
Shiba Inu (SHIB) has seen a significant price drop of 5.52% in the last 24 hours, continuing a week-long decline of 4.0%. Trading volume has decreased by 45.0%, and the circulating supply has slightly decreased by 0.24%. The market cap is currently $9.13 billion, ranking it #15.
The significant price drop and decrease in trading volume indicate a bearish trend for Shiba Inu (SHIB). The decline in circulating supply is minimal but adds to the negative sentiment. The market cap ranking provides context for its position in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100