Shiba Inu (SHIB) Profitability Plunges To Hell As Bloodbath Continues
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....
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The crypto market crash has sent Bitcoin spiraling to $20,000. The pioneer cryptocurrency has in turn taken the market down with it, triggering massive losses. All digital assets in the market have not been left out of the onslaught. Regardless of their market cap, cryptocurrencies have all recorded massive losses that have translated to double-digit losses across all indexes. Not A Respecter Of Market Caps All of the indexes have been hit hard by the crypto market crash. Even the bitcoin index that had been putting up the most fight has succumbed to it. The market-wide collapse has seen....
Despite the backlash it receives from cryptocurrency analysts, the Shiba Inu meme coin continues to make a loud noise, and on March 30, it revealed additional details regarding its own metaverse, which will be appropriately named SHIB. The project currently has more than 3 million followers on Twitter, which the development team attributes to a new degree of achievement. The team says that by launching its own metaverse venture, it will help position Shiba Inu for advancement. Shiba Inu Marks Territory In The Metaverse SHIB: The Metaverse is a virtual world with about 100,595 plots of....
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.....
Memecoin Shiba Inu can officially be used to purchase land in the SHIB Metaverse using the native SHIB token, as the development team continues to provide utility for holders. Holders of the popular memecoin Shiba Inu (SHIB), will now be able to use the cryptocurrency to purchase land in the Shiba metaverse. On Wednesday, the Shiba Inu team took to Twitter to reveal that the SHIB token could now be used to mint parcels of land in the recently unveiled virtual reality project “SHIB: The Metaverse.”New minting option has been released on https://t.co/f2oLn05qWk! Mint lands with $SHIB!....
Shiba inu (SHIB) was one of the biggest gainers in crypto markets on Tuesday, as Robinhood added the meme coin to its list of crypto offerings. This came as the trading app also added a host of others, including SOL which also gained following recent losses.
Shiba Inu (SHIB)
Shiba inu (SHIB) was undoubtedly the biggest gainer during Tuesday’s trading session, as it was finally confirmed that Robinhood had added the meme coin to its offering.
Following a low of $0.00002198 to start the week, SHIB/USD rallied to an intraday high of $0.00002695 earlier today.....