Shiba Inu Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Shiba Inu (SHIB) has seen a 4.2% price drop in the last 24 hours, continuing a week-long decline. Despite the price drop, trading volume has surged by 146% over the past week, while the circulating supply decreased slightly. SHIB's market cap is ranked #16 at $8.21 billion.
August 28, 2024 | 7:02 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Shiba Inu (SHIB) has experienced a 4.2% price drop in the last 24 hours, with a significant increase in trading volume by 146% over the past week. The circulating supply has decreased slightly, and SHIB's market cap is currently ranked #16 at $8.21 billion.
The 4.2% price drop in SHIB within 24 hours indicates a negative short-term trend. The significant increase in trading volume suggests heightened interest or volatility, but the overall price movement is downward. The decrease in circulating supply is minor and unlikely to offset the negative price trend. The market cap ranking provides context but does not alter the short-term negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100