Shiba Inu (SHIB) Correlation With Bitcoin at Its Highest YTD, Here's What's Coming Next

Shiba Inu shows correlation with Bitcoin, but is its price moving in tandem?

to data from crypto analytics outfit IntoTheBlock, the Shiba Inu correlation with BTC is currently pegged at 0.8.In terms of price action, the correlation is not showing forth as Bitcoin is currently on a bullish growing streak, where it has added 8.70% in the past 24 hours and is trading at $24,364.89. The opposite holds true for Shiba Inu, which has recorded a milder growth of 1.78%. On the weekly chart, BTC is up by 8.

Shiba Inu is known for its massive volatility, and it is not uncommon to find the meme coin print massive price uptrends. The current correlation with Bitcoin offers a very good omen despite its relatively lower price growth.

Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer:

Utoday_en /  🏆 295. in US

Norge Siste Nytt, Norge Overskrifter

Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.

Shiba Inu (SHIB) Burn Rate up 2,400%, Here's How Price Is ReactingShiba Inu burn rate might have been bolstered by newly launched Shibarium beta
Les mer »

Shiba Inu (SHIB): Blockchain Dev Excited as Shibarium Beta Launch Kicks Off Road Map ProgressShiba Inu (SHIB): Shibarium supporter takes first road map step as beta launches ShibArmy NOWNodes SHIBCommunity $SHIB SHIB NOWNodes
Les mer »

Trillions of Shiba Inu (SHIB) Left Whales' Bags on Shibarium Release DayShiba Inu whales get rid of trillions $SHIB on Shibarium release day shibainu shib shibarmy shibarium shibaeternity shibadoge shibburn bone dogekiller leash $leash $bone
Les mer »

Shiba Inu: Japanese Crypto Exchange Marks SHIB Listing With Positive FeedbackJapanese crypto exchange shares positive feedback following Shiba Inu (SHIB) listing $SHIB ShibArmy SHIBCommunity SHIB
Les mer »

BONE Fee to Send Shiba Inu (SHIB) Gets Thousands of Percent Down Thanks to ShibariumShibarium can reduce transaction fees by 1,000%. BoneShiba. $BONE $SHIB
Les mer »

Shiba Inu (SHIB) Bounces Unexpectedly, Avoiding 'Death Cross' ConfirmationShiba Inu has successfully avoided confirmation of grim chart pattern and now shows more stable performance
Les mer »