$0.00002342
Time period | Change amount | % Change |
---|---|---|
1H | $-- | +0.29% |
24H | $-- | +4.23% |
7D | $-- | +2.49% |
30D | $-- | -15.61% |
1Y | $-- | +159.15% |
60.99
Reliability Score
Rank #1
# 4122
Percentile
TOP 30%
Shiba Inu price today is $0.00002342 with a 24-hour trading volume of $374.4 M, and as such Shiba Inu has a market cap of $13.8 B, giving it a market dominance of 0.90%. The Shiba Inu price moved 4.23% in the last 24 hours.
Shiba Inu reached its highest price on 2021-10-28 when it was trading at its all-time high of $0.00008616, while its lowest price was recorded on 2020-11-28 when it was trading at its all-time low of $0.00000000005637. The current lowest price since the last cycle high was $0.00000000005637, and the highest price since the last cycle low was $0.00008616. The social sentiment of Shiba Inu is currently Positive.
The current circulating supply of Shiba Inu is $589264.53 B SHIB. In terms of market cap, Shiba Inu is currently ranked 14.
There are two schools of thought in determining the price of Shiba Inu.
By way of intrinsic value: This typically involves on-chain metrics, project metrics and financial metrics of Shiba Inu, collectively known as fundamental analysis. The law of supply and demand, tokenomics, use case, project roadmap as well as regulations and governance involved would affect the value of Shiba Inu from a long term perspective.
By way of price action: Primarily analyzed via candlestick chart patterns and technical indicators such as MACD, RSI and the bollinger bands, technical analysis forecasts the price of Shiba Inu on the basis that history tends to repeat itself. As the candlestick charts are a general representation of the emotion of the market, news announcements and community sentiment can be significant price action drivers for Shiba Inu as well.
Investors tend to prefer the long term nature of fundamental analysis, whereas short term traders tend to rely on technical analysis more. In reality, both analyses may combine and create interesting scenarios for Shiba Inu and the cryptocurrency market as a whole.
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Bitcoin’s dull range-bound action is likely to continue for a few more days as the bulls and the bears battle for control of BTC price.
Everyone’s favorite memes have taken the biggest hit today as the wider market sees a moderate drawback in comparison.
Altcoins showed impressive double-digit gains after Bitcoin bulls successfully pulled BTC price back above the $61,000 level.
Bitcoin’s drop to $56,500 crushed bullish traders’ sentiment and took a heavy toll on altcoin prices but are generational buying opportunities emerging?
Bitcoin and altcoins could be en route to retest their recent strong support levels as bears try to extend the correction.
Date | Market Cap | Volume | Open | Close |
---|---|---|---|---|
2024-05-09 | $13.3 B | 18318.84 B SHIB | $0.00002257 | N/A |
2024-05-08 | $13.62 B | 17865.17 B SHIB | $0.00002311 | $0.00002257 |
2024-05-07 | $14.16 B | 24028.72 B SHIB | $0.00002403 | $0.00002311 |
2024-05-06 | $14.7 B | 15649.24 B SHIB | $0.00002494 | $0.00002403 |
2024-05-05 | $14.44 B | 28565.41 B SHIB | $0.00002451 | $0.00002494 |
2024-05-04 | $14.42 B | 29992.25 B SHIB | $0.00002447 | $0.00002451 |
2024-05-03 | $13.46 B | 30732.93 B SHIB | $0.00002284 | $0.00002447 |
2024-05-02 | $13.01 B | 40225.51 B SHIB | $0.00002208 | $0.00002284 |