Shiba Inu SHIB/USD traded 4.9% lower over 24 hours at $0.00004563 early Wednesday morning.
What’s Moving? SHIB has risen 16.19% over a seven-day trailing period. The self-described Dogecoin DOGE/USD killer’s 24-hour trading volumes rose 14.87% to $7.4 billion, as per CoinMarketCap data.
SHIB fell 5.56% against Bitcoin BTC/USD and declined 11.22% against Ethereum ETH/USD over 24 hours.
In a 90-day timeframe, SHIB has gained 533.56%, while it has fallen 48.4% over 30 days.
SHIB rose to an all-time high of $0.00008845 in October and at press time traded 46.55% below that mark.
See Also: How To Buy Shiba Inu (SHIB)
Why Is It Moving? SHIB fell even though major cryptocurrencies rose at press time as the global cryptocurrency market cap rose 2.84% to $2.64 trillion.
SHIB was the third-most mentioned cryptocurrency on Twitter at press time, as per Cointrendz data. It attracted 2,291 tweets. The token also trended on CoinMarketCap.
A number of factors have been contributing to SHIB momentum this week, including its listing by Kraken, a major cryptocurrency exchange.
The coin has hit one million users this week. Another factor working in its favor is a partnership on a non fungible token game involving an executive from Activision Blizzard Inc ATVI.
Earlier, Newegg Commerce Inc NEGG said it was adding SHIB for payments.
Meanwhile, SHIB has emerged as the top trending coin in India, while it was the most discussed cryptocurrency on Twitter globally in October, as per data from ICO analytics.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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