The value of Shiba Inu’s SHIB/USD has gone down by 4.45% in the last 24 hours, bringing it to a price of $0.0000085. The downturn has been consistent over the past week, where it decreased by 3% from $0.0000088 to its current rate.
The chart below shows the price movement and volatility of Shiba Inu over the last 24 hours (left) compared to its variation over the past week (right). The gray bands represented are the Bollinger Bands, which indicate the volatility for both daily and weekly fluctuations. The wider the width of the bands or the more massive the grey area at any given moment, the greater the volatility.
Coin trading volume has risen by 6% over the previous week, despite a 0.01% decline in the coin’s overall circulating supply. At present, SHIB ranks as the 16th largest market cap, valued at $5.02 billion.
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