Market cryptocurrencies like Shiba Inu (SHIB) show decreasing loss values right now. Crypto data platform CoinGlass reveals that investors have now placed their orders for Shiba Inu at the same amount as they previously did.
Over the last 24 hours Shiba Inu showed a 15% increase in trading metrics which established a new trading peak for its market.
Futures traders locked in 13.2 trillion SHIB tokens to buy the asset during this period when the market’s attitude improved. Since SHIB futures exchanges now host two times volume in 24 hours than open contracts the market sentiment has shifted to positive.
Will a 15% Open Interest Surge Drive Shiba Inu Higher?
Open Interest reveals how much investment capital traders demand to manage market swings during market uncertainty. Futures traders maintained their position in the market despite recent price volatility as this present Open Interest outlook shows the best results over the last week.
The trending correlation between SHIB demand the market expects its token value to improve quickly. Trading has stabilized at $0.000016 while investors expect this to develop into a major price breakthrough.
Everyone expects that an increase in Open Interest by 15% will produce a price rise in SHIB tokens soon. During this period Shiba Inu experienced a 1.75% surge and reached $0.00001616. The Shiba Inu token market growth shows no clear direction at present.
Whales and retail traders strengthen each other’s trading activities which keeps price growth going. In the past week several altcoins lost value notably Cardano (ADA).
Cardano takes a different growth path by partnering with Grayscale Investments to present a new ETF product to the U.S. SEC. The SHIB community expects a Shiba Inu ETF to impact the coin because major meme coins now have registered the related products they want.
