$SHIB SHIB Price Prediction: As Trading Volume Spikes 68%, Will Shiba Inu Coin Price Rally?SHIB price prediction: Shiba Inu sees a decline in value, with market cap and trading volumes revealing overall market volatility.

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Shiba Inu's price drop reflects broader cryptocurrency market trends.Significant trading volume increase contrasts with the falling market cap.Shibarium hard fork aims to boost speed, but user engagement has fallen.

SHIB price prediction: SHIB, a popular meme-coin, has experienced a notable decline in its value over the past day. Currently, the SHIB price trades at $0.00002364, marking a decrease of 4.84%. This recent dip reflects a broader trend in the day’s trading chart, which shows a significant drop from earlier highs.

The market capitalization of Shiba Inu has also fallen by 4.88%, settling at approximately $13.93 billion. Meanwhile, trading activity has surged, with a 68.21% increase in 24-hour trading volume, reaching $607.87 million. This fluctuation in trading volume against the market cap, which is about 4.36%, highlights the volatile nature of the meme-coin market.

SHIB Price Prediction: Can Shiba Inu Recover From The Dip?

Shiba Inu Coin has recently experienced varied market movements, with both upward and downward trends. Over the past seven days, the cryptocurrency’s price dipped by 1% amid today’s market downturn, indicating a phase of market equilibrium.

Over the past month, SHIB has been trading between $0.00002 and $0.000029. This range reveals a horizontal pattern with shrinking volatility, marking a decline of more than 15%.