Shiba Inu has seen significant improvement recently, with a 6.4% increase in value over the 24-hour period. During this time, the price of the meme coin fluctuated between $0.00001596 and $0.0000171, and currently sits at $0.00001698. This upward trend was accompanied by a 24-hour trading volume of $217.8 million. Compared to a week ago, Shiba Inu’s price is nearly 7% higher, although it did experience a 0.8% decrease in value over the past two weeks.
The news over the last 30 days has been less positive, with the price of SHIB depreciating by almost 21% during this period. Notably, the decline began shortly after the meme coin reached its all-time high (ATH) price of $0.1933 on June 9. It remained largely above the $0.15 level until July 4, when it dropped to as low as $0.1079. Shiba Inu’s current price is still 40% lower than its ATH, but stands at a significant 13,564% higher than its all-time low earlier in the year.
Similar to Shiba Inu, other meme coins have also faced challenges. WIF and PEPE both experienced difficulties over the past 30 days, with WIF’s price dropping by 36.8% and PEPE’s by 30%. In the last seven days, WIF lost 19.2% of its value, while PEPE dropped 4.5%. Both coins underperformed in the global crypto market, which saw an overall increase of 2.6%.
