The bleeding market: Shiba Inu loses 10% between November 10 and November 16 as the selling pressure grows.
The price of Shiba Inu was falling last from November 10 until November 16, giving enough reason to conclude that the market is. SHIB has been going through a period of medium volatility, which fell in line with the occurred price changes. The price action on the coin's market translated to the growth of market capitalization. There has been a growth in trading volume on the crypto coin's market in conjunction with the price movement.
While the volatility remains restrained, Shiba Inu isn't making any explosive moves. Given that the average volatility on the SHIB market didn't exceed 13%, the price action remained limited. The highest point of the coin's volatility reached 11.11% in the analyzed time frame. The asset has been the least volatile on November 14; at this time, the volatility stood at 0%. Since the volatility of 13% can be deemed as mild, the crypto coin's market can be characterised as composed.
There were no gains or losses to the SHIB market on November 10, it remained flat. On November 11 the coin market stayed neutral, with no changes in the price. The cautious traders dominated the price action on November 12, with the Shiba Inu market remaining flat. SHIB ’s performance during November 13 was the following: the price declined by 10% in conjunction with the acceptable trading volume. On November 14, Shiba Inu finished the trading day with no changes to the flatlined market. No changes were observed on the crypto coin's market on November 15. The coin's market saw no changes on November 16, as the market flatlined. The price action on the asset's market during the period between November 10 and November 16 topped at $0.00001, while the bottom of the price range was established at $0.000009. The difference between the lowest and the highest price points for the week was 10%, as the price moved in the $0.000001 wide corridor.
Over the period of the last 7 days, November 10 to November 16, Shiba Inu saw its average trading volume fluctuate between $590 162 284 and $190 304 181. In order to have a better grasp of the SHIB market, it’s necessary to compare the stats from the analyzed period with those from the week before, when the trading volume had gone from $326 219 510 to $752 482 294. Percentage-wise, the trading volume of the asset changed by 36%, in comparison to the previous period, while its price experienced a 10% adjustment.
The past week saw the market capitalization of Shiba Inu making a shift from $5 153 507 701 on November 10 to $5 481 797 571 on November 16, the peak for the analyzed period. SHIB experienced a 6% change in total market capitalization throughout the past seven days. The price of the coin changed by 10% on the back of the 6% shift in its total market capitalization. The comparison with the Shiba Inu market capitalization seen during the time period November 3 - November 9 that occurred before the observed one, which changed by 13%, from $6 945 658 149 to $6 013 892 942, allows us to get a clearer understanding of current market conditions.