What is established: Shiba Inu is trading at $0.00000474 on Friday evening and has lost 17.5 percent since October 1, while 24-hour trading volume came to $127.3 million. Pepe turned over $1.84 billion in the same period, 14.5 times as much, with a market capitalisation $700 million smaller. Our assessment follows further down: turnover determines how far a sale moves the price, and it is this point, more than the price trend, that currently separates the two memecoins most clearly.
Anyone holding Shiba Inu is looking at two numbers this Friday that point in different directions. The price is 1.61 percent above Thursday evening's level, and the intraday low was $0.00000448, lower than on any other day in the past six weeks. At the same time, turnover has more than doubled compared with the weekly average.
Shiba Inu at $0.00000474, turnover at $127.3 million
The SHIB price stands at $0.00000474 on Friday evening. Over the past 24 hours the low was $0.00000448 and the high $0.00000483, a range of 7.8 percent. Over seven days it is down 6.72 percent, over 30 days 17.51 percent. Market capitalisation is $2.79 billion, which mea...
English (US)