Shiba Inu costs $0.00000581, or €0.00000513, on Wednesday afternoon. That is 4.9 percent less than on September 23, when the price reached its 30-day high at $0.00000610. Over a month, Shiba Inu is nevertheless up 17.0 percent. This contradiction is the heart of the situation: the meme coin gained substantially in September and has not moved a step in a week.
Anyone who wants to understand why the price is giving way today should look not at the chart but at two figures from the ecosystem and at the structure of trading. Both explain more than any candle.
Shiba Inu trades at 5.81 millionths of a dollar, 4.9 percent below the September 23 high
The price stands at $0.00000581 on Wednesday afternoon, according to CoinGecko. Over the past 24 hours Shiba Inu has lost 1.43 percent, over seven days 1.77 percent. Market capitalisation is $3.42 billion, enough for rank 36 among all cryptocurrencies. Trading turnover over the past 24 hours came to $101.4 million, slightly above the 30-day average of roughly $90.9 million.
More interesting than the daily figure is the range. Since the high on September 23, the daily closing price...
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