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Daily Chart Shows Trade Activity Around SHIB Picking Up

Shiba Inu (SHIB) has fallen slightly in price over the last 24 hours according to CoinMarketCap. 1 billion SHIB has been burned in the last 48 hours. Activity around the project...
Daily Chart Shows Trade Activity Around SHIB Picking Up Daily Chart Shows Trade Activity Around SHIB Picking Up

  • Shiba Inu (SHIB) has fallen slightly in price over the last 24 hours according to CoinMarketCap.
  • 1 billion SHIB has been burned in the last 48 hours.
  • Activity around the project has picked up quite a bit in the last few days.

The popular meme cryptocurrency, Shiba Inu (SHIB), has fallen slightly in price over the last 24 hours according to CoinMarketCap.

At the time of writing, SHIB’s price stands at $0.0000123, which is a 2.88% price drop in the last day. This of course adds to the trend seen in SHIB’s price in the last week as its price is also down 34.96% over the last 7 days.

SHIB is currently ranked number 15 on CoinMarketCap’s list of the largest cryptos by market cap, and has a market cap of $6,753,857,325. Its large market cap is mainly due to its very large token supply of $549,063,278,876,302.

SHIB has launched a burn portal that members of the SHIB community, also known as the SHIBArmy, can send tokens to to burn tokens. This is an attempt to bring down the supply of SHIB and thus make it more rare, which should, theoretically, make SHIB more valuable.

The community has burned a number of tokens already, and increased the total amount of burned SHIB tokens by just over 1 billion tokens in the last 48 hours.

SHIB sees short bounce following 48H token burn (Source:TradingView)

Looking at the daily chart, the burning of the 1 billion tokens of SHIB over the last 48 hours did cause SHIB to rebound a bit. Besides the token burning, there was also an influx of buy trade volume. However, SHIB was unable to break past the nearest resistance level of $0.00001400.

The increased trading volume over the last couple of days signal that interest has returned to SHIB, breaking the minimal trading activity seen over the last few weeks. Technical indicators still suggest that investors are bearish on SHIB. However, the tides may turn for the coin as activity around it picks up again.

Continue reading on CoinQuora

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21-05-2022 03:28:24 (UTC+7)

EUR/USD

1.0562

-0.0024 (-0.22%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (1)

EUR/USD

1.0562

-0.0024 (-0.22%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (1)

GBP/USD

1.2495

+0.0035 (+0.28%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

USD/JPY

127.86

+0.07 (+0.05%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (5)

AUD/USD

0.7046

-0.0001 (-0.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

USD/CAD

1.2831

+0.0006 (+0.05%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (6)

EUR/JPY

135.06

-0.23 (-0.17%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

EUR/CHF

1.0294

-0.0008 (-0.07%)

Summary

Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (4)

Sell (2)

Gold Futures

1,843.55

+2.35 (+0.13%)

Summary

Neutral

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (3)

Sell (5)

Silver Futures

21.750

-0.158 (-0.72%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (3)

Sell (2)

Copper Futures

4.3030

+0.0200 (+0.47%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Crude Oil WTI Futures

110.67

+0.78 (+0.71%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (0)

Sell (6)

Brent Oil Futures

113.00

+0.96 (+0.86%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (1)

Sell (6)

Natural Gas Futures

8.073

-0.235 (-2.83%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (8)

US Coffee C Futures

216.48

-2.22 (-1.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Euro Stoxx 50

3,657.03

+16.48 (+0.45%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (9)

Sell (1)

S&P 500

3,901.36

+0.57 (+0.01%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

DAX

13,981.91

+99.61 (+0.72%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (0)

FTSE 100

7,389.98

+87.24 (+1.19%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (7)

Sell (2)

Hang Seng

20,717.24

+596.56 (+2.96%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (1)

Sell (7)

US Small Cap 2000

1,768.35

-7.87 (-0.44%)

Summary

↑ Buy

Moving Avg:

Buy (7)

Sell (5)

Indicators:

Buy (7)

Sell (1)

IBEX 35

8,484.50

+78.50 (+0.93%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (5)

Sell (2)

BASF SE NA O.N.

48.850

-0.010 (-0.02%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (1)

Bayer AG NA

63.74

+0.34 (+0.54%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (2)

Allianz SE VNA O.N.

195.58

+0.78 (+0.40%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (0)

Adidas AG

172.80

+0.92 (+0.54%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (7)

Sell (1)

Deutsche Lufthansa AG

6.852

+0.049 (+0.72%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (5)

Siemens AG Class N

115.08

+2.62 (+2.33%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (4)

Sell (4)

Deutsche Bank AG

9.362

-0.130 (-1.37%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (1)

 EUR/USD1.0562↑ Buy
 GBP/USD1.2495↑ Buy
 USD/JPY127.86Neutral
 AUD/USD0.7046↑ Buy
 USD/CAD1.2831↑ Sell
 EUR/JPY135.06↑ Buy
 EUR/CHF1.0294Buy
 Gold1,843.55Neutral
 Silver21.750Buy
 Copper4.3030↑ Buy
 Crude Oil WTI110.67Neutral
 Brent Oil113.00Neutral
 Natural Gas8.073↑ Sell
 US Coffee C216.48↑ Buy
 Euro Stoxx 503,657.03↑ Buy
 S&P 5003,901.36↑ Buy
 DAX13,981.91Buy
 FTSE 1007,389.98Neutral
 Hang Seng20,717.24↑ Sell
 Small Cap 20001,768.35↑ Buy
 IBEX 358,484.50Neutral
 BASF48.850Buy
 Bayer63.74Buy
 Allianz195.58Buy
 Adidas172.80Buy
 Lufthansa6.852↑ Sell
 Siemens AG115.08Neutral
 Deutsche Bank AG9.362Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,875/ 6,975
(0/ 0) # 1,795
SJC HCM6,890/ 6,980
(0/ 0) # 1,798
SJC Hanoi6,890/ 6,982
(0/ 0) # 1,800
SJC Danang6,890/ 6,982
(0/ 0) # 1,800
SJC Nhatrang6,890/ 6,982
(0/ 0) # 1,800
SJC Cantho6,890/ 6,982
(0/ 0) # 1,800
Cập nhật 21-05-2022 03:28:26
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ↀ Giá vàng thế giới
$1,845.32+3.060.17%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V30.58031.190
RON 95-III29.98030.570
E5 RON 92-II28.95029.520
DO 0.05S26.65027.180
DO 0,001S-V27.45027.990
Dầu hỏa 2-K25.16025.660
ↂ Giá dầu thô thế giới
WTI$110.13-1.42-1.31%
Brent$110.88-1.1-1.00%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.000,0023.310,00
EUR23.879,5425.217,23
GBP28.128,1029.328,16
JPY176,49186,84
KRW15,8019,26
Cập nhật lúc 18:52:01 20/05/2022
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