Shiba Inu Volatility Holds At 60%, What This Means For Price |

The Shiba Inu volatility level has remained rather high through the ups and downs of the market which could bode well for the meme coin’s price. According to data from IntoTheBlock, the SHIB volatility levels are still holding firmly above 60%. So what could this mean for the price?

Shiba Inu Volatility Above 60%

Over the last month, the Shiba Inu volatility has risen quickly, overtaking the 60% level. This volatility rise followed the increase in the price of the altcoin that was triggered by the improvement in the general market sentiment, causing pricing to recover quickly.

How To Get Free Crypto  

As IntoTheBlock data shows, the volatility hit a local high of 64.21% on November 21 before correcting back downward. However, the decline has been quite constrained and as of the time of this writing, the Shiba Inu volatility is still firmly sitting at 60.67%.


Source: IntoTheBlock

This is a significant increase from its 30-day low that was recorded on November 4 at 41.27%. And as this volatility remains high, it carries a number of implications for the digital asset that could signal more upside to come.

SHIB price above $0.000008 | Source: SHIBUSD on

What The High Volatility Means For SHIB Price

High volatility can often be good for a cryptocurrency’s price based on past performance. For example, back when Shiba Inu had its insane price pump in 2021, the volatility of the cryptocurrency was at its highest, with IntoTheBlock data showing it reached as high as 12,061% in early 2021.

This increase in volatility has also coincided with price jumps throughout its lifetime and this time around, it has not been different. As the volatility rose from its November lows of over 50%, so did the price, with SHIB going from $0.0000077 to as high as $0.0000094.

Coinbase Banner  

The chart shows that when the price hit its November peak of $0.000009578 on November 11, the volatility had already jumped above 46%. So with the volatility still holding above 60% now, it suggests that the meme coin is far from done with its current rally.

If the volatility continues to rise from here, then expectations are that the Shiba Inu price will follow. Given the rally has already been kickstarted once again, this could send the price back above $0.00001, putting it on a path to a massive bull run.

For now, the SHIB price is following that of the general market trend. Nevertheless, there has been a marked increase in the number of holders that are currently seeing a profit. According to IntoTheBlock data, Shiba Inu’s profitability is sitting at one of its highest levels in the past three months at 21.46%.

Go to Source
Author: Best Owie

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

FreeBitcoin Banner  

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

You May Also Like

More From Author

This site uses Akismet to reduce spam. Learn how your comment data is processed.