Shiba Inu (SHIB) Rockets With Stunning 59% Volume Jump
The trading volume of popular meme-inspired cryptocurrency Shiba Inu
SHIBUSD
, as reported by CoinMarketCap, has seen a 24% increase over the past 24 hours, reaching $195 million. However, this figure only represents the spot market.
Meanwhile, according to CoinGlass, the volume of trading in SHIB derivatives - perpetual futures, to be exact - grew by nearly 58.9% over the past day, reaching $121.3 million. Thus, we can estimate that the total trading volume of the Shiba Inu token during this period was approximately $398.83 million.
The increase in trading volume indicates increased interest from market participants. However, the ratio of market capitalization to trading volume is currently 5.3%, which is within the normal range of activity.
SHIBUSD
, as reported by CoinMarketCap, has seen a 24% increase over the past 24 hours, reaching $195 million. However, this figure only represents the spot market.
Meanwhile, according to CoinGlass, the volume of trading in SHIB derivatives - perpetual futures, to be exact - grew by nearly 58.9% over the past day, reaching $121.3 million. Thus, we can estimate that the total trading volume of the Shiba Inu token during this period was approximately $398.83 million.
The increase in trading volume indicates increased interest from market participants. However, the ratio of market capitalization to trading volume is currently 5.3%, which is within the normal range of activity.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.