As a researcher with experience in analyzing cryptocurrency markets, I find the recent surge in trading volume for Shiba Inu (SHIB) quite intriguing. According to data from CoinGlass and CoinMarketCap, the turnover in SHIB derivatives and spot markets has increased significantly over the past 24 hours.
Over the last 24 hours, there has been a significant uptick in Shiba Inu (SHIB) trading activity. The trading volume for SHIB perpetual futures has exceeded $40 million as per CoinGlass data, representing an increase of over 146%. If we consider the total trading volume of all SHIB derivatives, it surpasses $200 million.
As a researcher investigating the recent trading activity of the Shiba Inu token, I’ve discovered that an impressive 50% growth occurred specifically on its spot markets. Based on CoinMarketCap data, the transaction volume on these markets exceeded $191 million in the past 24 hours.
It’s intriguing to note that the trading volume for Shiba Inu has been on the rise as we head towards the month of July. Based on past patterns indicated by CryptoRank, this month typically brings good news for SHIB investors.
As an analyst, I would put it this way: The median return on investment (ROI) for Shiba Inu in the current month stands at 5.3%. Over the past two years, I’ve noticed a consistent trend of Shiba Inu closing months with double-digit percentage gains.
In July, there has been a significant surge in trading activity and renewed interest surrounding Shiba Inu. This trend could potentially be connected to the historically bullish market conditions that have emerged during this month in the past. It remains to be seen if these trends will persist, but Shiba Inu’s recent resurgence aligns with its historical performance during this period of the year.
As an analyst, I’ve observed a significant increase in Shiba Inu trading activity, indicating strong investor interest and speculation in the cryptocurrency. This trend follows the historical patterns of SHIB, which has piqued market participants’ attention as they seek potential profits. The upcoming weeks will provide clarity on whether Shiba Inu can maintain this surge and deliver the expected returns.
Read More
- BCH PREDICTION. BCH cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- MNT PREDICTION. MNT cryptocurrency
- USD PHP PREDICTION
- SOL PREDICTION. SOL cryptocurrency
- ZKJ PREDICTION. ZKJ cryptocurrency
- METIS PREDICTION. METIS cryptocurrency
- USD MYR PREDICTION
- PSTAKE PREDICTION. PSTAKE cryptocurrency
2024-07-01 18:06