So, you know how sometimes you drop a toy, and it rolls away from you? That's kind of what happened with a thing called Shiba Inu. Shiba Inu is not a puppy, but a type of digital money, like Bitcoin.
Now, over the past day, the value of Shiba Inu has dropped by a lot, more than 4%. It's like if your toy was worth $5, but then it rolled so far away that it was only worth $3. That's a 40% drop! This might seem like bad news, but over the past week, the value of Shiba Inu has actually gone up by 5%.
It's like if your toy was worth $3, but then you found it and it was now worth $5. That's a 66% increase! However, the number of toys (which represents the supply of Shiba Inu) has gone down a little bit, which can also affect the value.
Right now, Shiba Inu is ranked 14th in terms of how much it's worth, which is a pretty good spot.
So, while the value of Shiba Inu went down a lot in one day, it's been going up over the past week. It's always a little bit unpredictable, just like how you never really know where your toy is going to roll!
Read from source...
1. The tone of the article seems more like a clickbait headline rather than an informative piece. Shiba Inu's 4.84% price drop over 24 hours might not be as alarming as the headline suggests.
2. The article states that the price of SHIB has fallen over the past 24 hours, however, it does not mention the reasons behind the fall or provide any context about market trends or other factors that could have influenced the drop.
3. The chart provided seems useless without providing any information about the key indicators it uses.
4. The article is too focused on the price volatility of the SHIB without providing any information about the coin's utility, development, or any other fundamental factors that could affect its value.
5. The article also does not address any developments or announcements that could have potentially caused the sudden price drop.
In conclusion, while the article provides some basic information about the price movement of SHIB, it lacks depth and context, relying heavily on the alarmist nature of the headline to attract attention.