Shiba Inu Coin price forecast: SHIB, a popular meme coin, is experiencing a significant downtrend in price due to market pullbacks, reflecting broader volatility in the cryptocurrency sector. Currently, the SHIB price is at $0.0000252, a decrease of 2.33%, indicating bearish momentum as investors react cautiously to fluctuating market conditions.
The 24-hour trading volume for Shiba Inu has fallen by 10%, totaling $661.23 million. The cryptocurrency’s market capitalization has also decreased by 2.33% to $14.85 billion, keeping it ranked 11th overall. The available and total supplies of SHIB remain unchanged at 589.29 trillion coins.
Shiba Inu Coin Price Forecast
Over the last week, the value of SHIB has risen more than 10%, with prices fluctuating between $0.000022 and $0.000028. However, over the last month, the meme coin has seen a 16% drop following a peak price of $0.000035, suggesting a downward trend in its market value.
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