Shiba

Bitcoin

Shiba Inu

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Dog-themed cryptocurrency<a href="https://u.today/shiba-inu-shib-breaks-new-record-heres-why-it-matters" rel="noopener noreferrer nofollow"> Shiba Inu</a> surged to highs of $0.00000964 in today's trading session.
Shiba Inu, which has been on a bullish run since November's close, rose even higher today, climbing 10%. At the time of writing, SHIB had surrendered some of its intraday gains and is now up 4.50% in the last 24 hours to $0.0000088.
Shiba Inu appears to be benefiting from the bullish market momentum, with Bitcoin reaching a new yearly high of $42,000. Shibarium's gas token, BONE, was up 6.55% in the last 24 hours to $0.746 at the time of writing, reflecting the <a href="https://u.today/shiba-inu-sets-fire-to-over-half-billion-shib-weekly-burn-rate-up-961" rel="noopener noreferrer nofollow">SHIB price</a> gains.
Shiba Inu's price jump in the last 24 hours is accompanied by a massive surge in trading volume. According to <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a> data, the 24-hour trading volume for SHIB was up 352%. This represented $663,700,914 worth of trade in the last 24 hours. In crypto worth, this represents 74.2 trillion SHIB swapped in the last 24 hours.
Trading volume is a key indicator of the interest in and activity around a specific crypto asset. High trading volume typically indicates a lot of buying or selling pressure for the crypto asset and may indicate trader positioning.
A sudden spike in volume, as seen with SHIB, often implies that there is considerable momentum behind the asset, which can be driven by various factors.
Over the weekend, Shiba Inu's Layer-2 Shibarium saw a massive surge in transactions, adding over 25 million transactions since it started rising last Thursday.
At the time of writing, Shibarium has hit 30,831,341 in total transactions after gaining 7.84 million transactions in the past day. The total blocks created by Shiba Inu Layer-2 Shibarium are now 1,942,754 at an average block time of 5.0 seconds. Wallet addresses have grown to 1,285,564, per Shibariumscan data.

Shiba Inu (SHIB) Triggers 341% Volume Increase, Reason Behind It?

U_Today

发布于 2023年12月4日的其他文章

LandX Closes Private Round Securing $5M+ In Private Funding

Top Crypto Stocks to Buy In December: $COIN, $MSTR, $HOOD

Bitcoin Price Prediction: BTC Soars 3.5%, Fed Cuts Stir USD, Zodia Joins Ripple’s Network

Tech Entrepreneur Urges Jamaica to Embrace STEM Education for the Fifth Industrial Revolution

China, Japan, and South Korea Announce Joint AI Cooperation at Foreign Ministers’ Meeting

Smart Money is Accumulating This AI Crypto – What Do They Know?

订阅我们免费的电子期刊，获取每日最新加密领域动态！