SHIB·WIF, trading volume surged for the past 3 days...volatility expected

IconCryptoNewsTerminal Staff29 May, 2024

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SHIB·WIF, trading volume surged for the past 3 days...volatility expected

Shibu Inu (SHIB) and DoggyFi (WIF) have emerged as the most popular cryptocurrencies, logging a surge in trading volume over the past three days, according to crypto on-chain analytics platform Santiment. Meme coins are drawing much attention from traders while hovering around their market cap peak, and in such a scenario, volatility is expected to increase due to price increases related to fear of missing out (FOMO) and price decreases from fear, uncertainty, and doubt (FUD). Data shows that SHIB recorded a trading volume of over USD 2.2 billion as of the 29th (local time), while WIF logged over USD 1.1 billion.

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