The post Can SHIB Price Jump Above Last Swing High? appeared on BitcoinEthereumNews.com.

Shiba coin is a crypto coin that is inspired by a dog meme and wants to be a rival to Dogecoin. It is a token on Ethereum that has a very large supply of about one quadrillion coins. Shiba coin also supports projects like the platform for NFT art and a decentralized exchange named Shibaswap. SHIB crypto surged by 0.30% in market value and declined by 0.68% in trading volume in the last 24 hours, as per Coinmarketcap which is a crypto data and info website. Its market value is $4.02 Billion and its trading volume is $71.3 Million. There are 589.35 Trillion SHIB in circulation. Shibu Inu (SHIB) open interest is $28.85 Million, as per Coinglass, which is a crypto analysis website. It fell by 1.29% in the previous session. The long versus short ratio for 24 hours is 0.9802. The total number of short positions added in the last 24 hours is $4,774.801 against longs of $10,297.574. Shiba Inu (SHIB) is a crypto coin that has a huge supply of one quadrillion coins. If all of them were in the market today, the total value of SHIB would be $6,826,812,570. This is the fully diluted valuation (FDV) of SHIB, which is a statistical measure of the potential value. However, not all SHIB coins are available yet.  The number of SHIB coins that are released depends on how they are designed. According to SimplyWall, a website that provides financial data, it might take a long time for the FDV to be achieved. SHIB Coin Price Technical Analysis in the 1-Day Timeframe SHIB coin has not done well this month, as its price has dropped by 4.88% as compared to last month. It has also been very volatile in the past six months, as it has shed 41.00% of its…

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Filed under: News - @ October 14, 2023 1:10 am