Shiba Inu (SHIB) moved back above a $3 billion market capitalization in the Oct. 16 UTC session, although its value and closing price remained below their Oct. 5 readings.
The Oct. 16 reading put SHIB’s market value at $3.02 billion. It had been $2.99 billion on Oct. 15, while the Oct. 5 figure was $3.49 billion. The latest market-cap reading was 13.4% below the Oct. 5 level.
SHIB ended the Oct. 16 UTC session at $0.00000508, down 13.6% from its $0.00000588 close on Oct. 5. During the Oct. 16 session, it traded from $0.00000502 to $0.00000519. The session ended at 8 p.m. ET (00:00 UTC Oct. 17).
About 589.23 trillion SHIB were in circulation. At a price of $0.000005, that amount corresponds to a market value of roughly $2.95 billion.
An Oct. 15 EconoTimes snapshot placed SHIB near $0.00000496, compared with a 100-day exponential moving average of $0.00000528. The same snapshot put SHIB 21% below its Sept. 22 high.
