Shiba Inu Eyes Monthly Gain Despite 8% Price Loss

Description

Shiba inu (SHIB), the world's second-largest memecoin, has had a rough week. Still, the cryptocurrency appears on track to register a double-digit monthly gain. SHIB fell to $0.00001263 early today, the lowest since July 10. Prices are down nearly 9% for the week, with a loss of over 2% in the past 24 hours. The weakness is consistent with the mood seen in the memecoin sector. The CoinDesk Memecoin Index (CDMEME) has declined by 10% in seven days. Price volatility in SHIB aligns with broader shi...