Shiba Inu volume Gains momentum
November 02 2023 - 12:00PM
NEWSBTC
Recent data has revealed the crypto exchange with the highest
trading volume of Shiba Inu, indicating an upward trajectory for
the digital asset as the volume continues to surge in the crypto
exchange. The crypto exchange that has propelled Shiba Inu’s growth
lately is the leading cryptocurrency platform, Binance. Shiba Inu
Volume Doubles On Binance According to CoinMarketCap, Binance is
the top crypto exchange for the Shiba Inu market. The total volume
of Shiba Inu being traded in the crypto exchange has since
experienced a double-figure growth over the past 24 hours,
presenting a bullish trend for the digital asset. The upswing in
Shiba Inu volume on the largest crypto exchange highlights the
token’s appeal and points to a possible future growth spurt.
Related Reading: Shiba Inu Accumulation: You Won’t Believe How Much
SHIB Whales Have Bought SHIB recorded a significant volume of
$37,739,036 in the past 24 hours, indicating a volume rise of over
21% in less than a day. But as of the time of writing, the digital
asset’s 24-hour trading volume is pegged at $40,539,374. The crypto
exchange’s spot trading volume mostly buttresses this surge in
volume, with an overnight increase of over 11% valued at
$173,262,859. The digital asset has also seen a significant
uptick in its 24-hour trading volume on Coinbase – the largest
cryptocurrency exchange in the US. Shiba Inu’s trading volume on
the exchange is currently pegged at over $12 million, indicating an
over 6% rise in the past 24 hours. Currently, Shiba Inu’s market
capitalization is valued at $4.66 billion, with a current SHIB
price of $0.0000079 as of the time of writing. The amount traded in
a day is $147.82 million. The digital asset has a circulating
supply of approximately 589 billion and has increased by +1.72%
during the past 24 hours. So far, the digital asset is growing at a
rate of 3.62%, continuing its upward trend. Over the past week,
Shiba Inu has garnered the interest of traders and investors.
Related Reading: Shiba Inu Reverses December Downtrend – Good Days
Ahead For Investors? Rare Signal Sparks Price Increase For SHIB
Following a bullish trend in the TD sequential in the past week,
the indicator has presented an upward trajectory for the price of
Shiba Inu. According to Ali Martinez, the TD Sequential sparked a
rare ‘9’ buy signal on the Shiba Inu’s weekly chart; this signal
presents a significant growth price for SHIB due to the infrequency
of the particular signal. “The TD Sequential flashed a buy signal
on [the] SHIB weekly chart. Notably, the previous two bullish turns
from this indicator led to price surges of 118% and 71%,
respectively. Given the infrequency yet precision of such signals,
it’s a pivotal moment to keep a keen eye on SHIB,” Martinez stated.
The last time TD Sequential indicated a ‘9’ buy signal for
Shiba Inu was in September; the token’s price increased by over 71%
during the next nine weeks. With the signal emerging yet again, we
are likely to see a bullish trend. Featured image from CryptoGlobe,
chart from Tradingview.com
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