Shiba Inu Price Spiral: 91% Of Investors Brace For Significant Losses
Shiba Inu (SHIB) holders are not exempt from the turbulence of the market in recent weeks. Analyzing the current state of affairs for holders of the meme coin, it becomes apparent that the profitability of investing in this particular asset type has been a rollercoaster journey. Data derived from IntoTheBlock, an analytics firm, reveals a striking fact: a mere 9% of the current SHIB holders find themselves in a profitable position at the current value of roughly $0.0000069 per coin. This figure is indicative of the challenges that many SHIB investors are currently grappling with.....
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Shiba Inu (SHIB) has witnessed a significant price decline since last year’s peak. As of this writing, the trading price of the dog-themed memecoin is $0.00001263. With such a pessimistic market situation, the release of Shiba Eternity on the blockchain may decide the mindset of SHIB investors. Shiba Eternity is a blockchain-based card game themed around the […]
The market crash has been especially brutal for meme coins such as Shiba Inu and Dogecoin. These coins had recorded impressive numbers in the bull runs of 2021 but the real test had come once the market had begun to decline. This meant that most have lost a large percentage of their all-time high values that were hit during the bull run. Along with this, the profitability of the meme coins had declined and has seen most investors holding bags of losses. Only 14% In Profit According to data from IntoTheBlock, the number of Shiba Inu investors who are making money at current prices has....
The future of SHIB’s price has been caught in a whirlwind of uncertainty in recent times, even as the updates continue to spring regarding the Shiba Inu community. Crypto exchanges witnessed a recent inflow of SHIB tokens this week, indicating a significant price action could be on the horizon for the popular meme coin. Shiba […]
The Shiba Inu cryptocurrency stands out as a vibrant and intriguing player. Rising from the quirky world of internet memes, Shiba Inu coin has pawed its way to prominence in the crypto market. This article will serve as an essential explainer, guiding you through the SHIB ecosystem, analyzing price dynamics, and offering insights into Shiba Inu price prediction trends. Introduction To Shiba Inu (Cryptocurrency) Here’s what you can expect: What Is Shiba Inu: Here, we’ll uncover the genesis of Shiba Inu coin, explore the unique culture that surrounds the cryptocurrency Shiba Inu, and....
After a 10,000% profit over the past year, Shiba Inu (SHIB) trends to the downside with the rest of the crypto market. The meme coin had a surge driven by retail investors looking to ride the rally but has been unable to recover after a long period of persistent selling pressure. Related Reading | Can Shiba Inu Break Past The $1 Mark? Here’s How It Can At the time of writing, Shiba Inu (SHIB) trades at $0.000022 with a 6% and 30% loss in 24 hours. However, data provided by several monitors seems to suggest a change of dynamic in SHIB holders. Retail investors and speculators appear to....