Shiba Inu ( SHIB ), a prominent cryptocurrency, is currently experiencing a surge in trading activity. With a market capitalization of $14.74 billion and a 24-hour trading volume of $238.76 million, SHIB is attracting significant attention from investors and traders alike. Its dominance in the market stands at 0.58%.
Despite its recent performance, SHIB has seen fluctuations, reaching an all-time high of $0.00008819 on October 28, 2021, and an all-time low of $0.0000105637 on November 28, 2020. Currently trading at $0.00002501, SHIB has exhibited a notable increase of 190% over the past year.
Technical indicators reveal SHIB's volatility, with a Volatility Ratio of 5.04%, indicating high market volatility. However, it is noteworthy that SHIB is trading above its 200-day simple moving average, suggesting a positive trend. Additionally, the Fear & Greed Index is at 73, reflecting a sentiment of greed among investors.
With a circulating supply of 589.27 trillion SHIB out of a total of 589.74 trillion, SHIB's supply dynamics contribute to its market performance. Overall, Shiba Inu's current market position and technical indicators indicate an active and dynamic trading environment for investors.#shiba⚡ $SHIB