The current price of Shiba Inu today is $0.00001217 USD, with a 24-hour trading volume of $837,806,637 USD! Shiba Inu is down 3.04% in the last 24 hours, with a CoinMarketCap ranking standing at #15. Shiba Inu's market cap is worth $6,757,402,427 USD, with a circulating supply of 549,063,278,876,302 SHIB coins Shiba Price Stats Source: Coinmarketcap!
Just as I suspected in yesterday's blog, Shibs little rally was merely a "Payday Friday" pump n' dump trap, to collect noob money before the whales and exchanges continue to play their games. Honestly, this coin is not looking too good right now, and is probably setting up for another test of that .00001, however the 2nd test is the dangerous test, which could lead Shib into adding another 0 onto the price if the trend continues. Who knows, there is always a chance that the worst is behind us, but there are no signs at all of anything with this bear market ending any time soon.
SHIB is an experimental coin with so much supply, nobody knew how it would faire in good times and now bad, however we're starting to see the picture, & it fares very "weakly". If this coin ever does miraculously pump again for some reason, I'm almost certainly sure that everyone holding is just gonna sell again, and this pattern of year long drawn down trends with bear markets is going to be the reality for Shib. Will markets ever learn?
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