Shiba Inu price 4.9 percent below the month high: Why SHIB is falling

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Shiba Inu trades at $0.00000581 on Wednesday afternoon, 4.9 percent below the high of September 23, even though the coin is up 17.0 percent over 30 days. The reasons are not in the chart but in the network data and in the cost structure of trading.Shiba Inu costs $0.00000581, or €0.00000513, on Wednesday afternoon. That is 4.9 percent less than on September 23, when the price reached its 30-day high at $0.00000610. Over a month, Shiba Inu is nevertheless up 17.0 percent. This contradiction is the heart of the situation: the meme coin gained substantially in September and has not moved a step in a week. Anyone who wants to understand why the price is giving way today should look not at the chart but at two figures from the ecosystem and at the structure of trading. Both explain more than any candle. Shiba Inu trades at 5.81 millionths of a dollar, 4.9 percent below the September 23 high The price stands at $0.00000581 on Wednesday afternoon, according to CoinGecko. Over the past ...