Shiba Inu

According to data from <a href="https://www.coingecko.com/en/coins/shiba-inu#markets" rel="noopener noreferrer nofollow">CoinGenko</a>, a crypto analytics platform, most of the SHIB market depth is under $1 million on major exchanges such as Binance, Coinbase, Huobi, and OKEx. The report also highlighted that a sell order of $1 million or less could move the SHIB price by 2% immediately.The low market depth of SHIB reflects its high volatility and speculative nature. SHIB is a token that was created as an Ethereum-based alternative to Dogecoin (DOGE), another meme cryptocurrency that was inspired by a Shiba Inu dog. SHIB has a total <a href="https://www.coinbase.com/price/shiba-inu" rel="noopener noreferrer nofollow">supply </a>of 589.3T tokens, making it intentionally abundant and inflationary.Shiba Inu (SHIB) has shown some positive movement recently, with the <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">price currently </a>at 0.00000755 USD, representing a 0.40% increase.  Delving into the token&#39;s price analysis and technical outlook, SHIB exhibits equal possibilities for both bullish and bearish trends.Shiba Inu&#39;s market depth shows a spread of 2%, indicating a slight price difference between the highest bid and the lowest ask orders. This suggests a relatively balanced market with moderate trading activity. The &#43;2% and -2% depth values show the total volume of buy and sell orders within a 2% price range from the current price. These values help traders understand the potential support and resistance levels in the market.-Read full article at<a href="https://cryptotale.org/shib-market-depth-under-1-million-token-reflects-a-neutral-phase/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

SHIB Market Depth Under $1 Million: Token Reflects a Neutral Phase

CryptoTale

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