Cryptocurrency Shiba Inu Up More Than 5% In 24 hours

Over the past 24 hours, Shiba Inu's SHIB/USD price has risen 5.33% to $0.000011. This continues its positive trend over the past week where it has experienced a 13.0% gain, moving from $0.000010 to its current price.

The chart below compares the price movement and volatility for Shiba Inu over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has risen 42.0% over the past week diverging from the circulating supply of the coin, which has decreased 0.07%. This brings the circulating supply to 589.38 trillion. According to our data, the current market cap ranking for SHIB is #12 at $6.69 billion.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.