Skip to content
Crypto News Focus logo CNF_CRYPTO_NEWS_FOCUS_LOGO 8

Crypto News Focus

your day to day crypto news site

Primary Menu
  • Home
  • News
    • Bitcoin News
    • Ripple XRP news
    • Ethereum News
    • Cardano News
    • Shiba Inu News
    • Pi Network News
    • More
  • Analysis
  • PR Desk
  • About Us
  • General Policy & Privacy
  • Guides
    • Bitcoin Guides
    • Pi Network Guide
    • Cardano Guide
  • Politics
  • Tech
  • Home
  • News
  • Shiba Inu (SHIB) on a Bull Run: 6.95% Increase in 24 Hours
  • News

Shiba Inu (SHIB) on a Bull Run: 6.95% Increase in 24 Hours

Dennis Gatheca 16 July 2024
Shiba inu image icon with red background
  • Shiba Inu (SHIB) saw a significant price increase of 6.95% in the past 24 hours, continuing its upward trend from the past week.
  • Despite the rise in price, trading volume decreased by 45%, while the circulating supply saw a slight uptick.

SHIB’s Remarkable Weekly Performance

In a stunning display of momentum, Shiba Inu (SHIB) has surged 6.95% in the past 24 hours, reaching a price of $0.000018. This rally is part of a broader positive trend over the last week, where SHIB has experienced a notable 13.0% increase, climbing from $0.000016 to its current level.

The recent price movement of Shiba Inu highlights the growing interest and volatility in the cryptocurrency market. The chart below illustrates the price dynamics and volatility for SHIB over the past 24 hours (left) and the past week (right). The gray bands, known as Bollinger Bands, measure the volatility for both daily and weekly price movements. Wider bands or larger gray areas indicate higher volatility.

Interestingly, while SHIB’s price has been climbing, the trading volume has dropped by 45.0% over the past week. This divergence suggests that despite fewer trades, the price is being driven up, potentially by significant buys or reduced sell-offs. Simultaneously, the circulating supply of SHIB has increased slightly by 0.06%, bringing the total to 589.26 trillion tokens.

Despite the decrease in trading volume, Shiba Inu’s market cap has remained strong, ranking #13 with a market cap of $10.85 billion. This impressive valuation underscores SHIB’s resilience and continued relevance in the highly competitive cryptocurrency market.

Shiba Inu’s recent performance is a testament to its growing popularity and the robust community supporting it. As SHIB continues to attract attention, it will be intriguing to observe how its market dynamics evolve, especially in the face of fluctuating trading volumes and supply changes.

For investors and enthusiasts, Shiba Inu’s recent surge serves as a reminder of the potential for significant gains in the crypto market, albeit accompanied by considerable volatility. As always, staying informed and vigilant is key to navigating the ever-changing landscape of cryptocurrency investments.

Continue Reading

Previous: The Rise of SHIB, Surpassing PEPE in a 15% Rally
Next: Dogecoin Soars to $0.125: Is the Bull Run Here to Stay?

Related Stories

VeChain chart showing rising channel pattern signaling potential breakout in 2026
  • Analysis

Can VeChain (VET) Hit $0.040 by August 2025? Latest Price Forecast

Sean Williams 26 July 2025
Pi NETWORK on black
  • Analysis

Pi Network Token Struggles Below $0.45 But Core Team Sees Signs of a Reversal

vivian 25 July 2025
Bitcoin BTC INTERCONNECTED
  • Analysis

Bitcoin Price Drops to $115K as Ethereum Surges Past $3,600

Jane Kariuki 25 July 2025

For general inquiries, please email us at Info@cryptonewsfocus.com

Crypto news focus is your day-to-day crypto news site. Get all the latest News and trends in the crypto, blockchain, and DeFi space. For more info and inquiries, reach out via email at info@cryptonewsfocus.com

You may have missed

VeChain chart showing rising channel pattern signaling potential breakout in 2026
  • Analysis

Can VeChain (VET) Hit $0.040 by August 2025? Latest Price Forecast

Sean Williams 26 July 2025
Pi NETWORK on black
  • Analysis

Pi Network Token Struggles Below $0.45 But Core Team Sees Signs of a Reversal

vivian 25 July 2025
Bitcoin BTC INTERCONNECTED
  • Analysis

Bitcoin Price Drops to $115K as Ethereum Surges Past $3,600

Jane Kariuki 25 July 2025
Solana on a purple buckground
  • News

Solana Price Drops Sharply Amid Market Liquidations and Legal Action

Cal Evans 25 July 2025

Social Media

Crypto News Focus © All rights reserved | MoreNews by AF themes.
Go to mobile version
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.