Shiba Inu is a type of digital money that people can buy and sell. It has been losing value over the past day and week, which means people have to pay less for it than before. This makes some people sad because they have less money from selling Shiba Inu, but other people might be happy because they can buy more of it for less money. Read from source...
1. The article is titled "Shiba Inu Down More Than 3% Within 24 hours", but the actual price change is only 3.92%, which is a significant difference and misleading. The title should reflect the correct figure or explain the discrepancy.
2. The article uses the word "continue", which implies that the downward trend has been happening for a longer period than just the past week. This is misleading and inaccurate, as the price movement has been volatile and unpredictable. A more appropriate word would be "follows" or "matches".
3. The article states that the trading volume has decreased 53.0% over the past week, but does not provide any context or comparison to other cryptocurrencies or the overall market. This is an important piece of information that is missing and could affect the reader's perception of the coin's performance and prospects.
4. The article mentions that the overall circulating supply of the coin has increased 0.02% to over 589.26 trillion, but does not explain what this means or how it affects the coin's value or liquidity. This is a technical detail that may not be relevant or understandable to the average reader, but could be important for investors or traders.
5. The article does not include any quotes, opinions, or insights from experts, analysts, or influencers in the crypto space. This makes the article seem unbalanced and one-sided, and does not provide any additional value or insight to the reader.
6. The article ends with a promotion for Benzinga's services, which is irrelevant and inappropriate in the context of the article. The reader may feel that the article is biased and trying to sell them something, rather than providing objective and informative content.
The sentiment of the article is bearish towards Shiba Inu. The article reports a 3.92% decrease in SHIB/USD price over the past 24 hours and a 13.0% decline over the past week. The trading volume has also decreased by 53.0%, while the overall circulating supply has increased by 0.02%. The market cap ranking for SHIB has dropped to #15 at $10.03 billion. The chart below compares the price movement and volatility for Shiba Inu over the past 24 hours to its price movement over the past week. The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.