4 in 5 Shiba Inu Holders are in the Red, New Data
The Shiba Inu price has tanked -89% since the all-time high in October last year.
According to new data from IntoTheBlock, just 22% of all Shiba Inu holders are in profit right now with 77% or nearly 4 in 5 SHIB investors in the red. Just 1% of all Shiba Inu holders are at the money right now.
And what about the average time holding Shiba Inu?
Data suggests that 63% bought SHIB in the past 12 months. Since Shiba Inu has been falling in price over the last year it’s likely that the majority of investors making a loss are newer holders.
Has Shiba Inu reached the bottom price yet?
Bitcoin leads the crypto market, and typically falls 80% after an all-time high. That bottom figure could be as low as $13,800 and a price that Bitcoin hasn’t fallen to yet.
A Bitcoin capitulation would be a -27% drop from the current price and could easily see Shiba Inu sustain further losses.
Shiba Inu is one of the most whale-controlled tokens with 81% of circulating supply in the hands of a few holders. Many of these addresses are still in the money and could tank the Shiba Inu price in a sell-off.
A further -27% drop could mean a Shiba Inu price of $0.0000073.
What’s a better bear market investment than Shiba Inu?
There are two kinds of Shiba Inu traders: those who hodl and hope for prices to rise, or those who study an asset and invest when they’re confident prices will soon go up.
At present, we’re still in a bear market. If you’re an investor who wants to get as close to the bottom price as possible you might want to hold off on Shiba Inu. There are heaps of developments like the Shibarium blockchain and SHIB metaverse experience which could bring price rises when closer to launch.
For example, EverGrow is a Shiba Inu rival token which is weeks away from launching an upgrade to its NFT marketplace LunaSky.
LunaSky will become one of the only NFT marketplaces that lets users mint on Ethereum, Polygon, BNB Chain, Avalanche and Cronos. It will also be the first marketplace where 100% of revenue generated by transaction commissions and fees is put towards burning a native token – in this case, EverGrow.
While waiting for Shiba Inu to turn bullish you can read up on projects like EverGrow with big drops just around the corner.
The post 4 in 5 Shiba Inu Holders are in the Red, New Data appeared first on Analytics Insight.
The Shiba Inu price has tanked -89% since the all-time high in October last year.
According to new data from IntoTheBlock, just 22% of all Shiba Inu holders are in profit right now with 77% or nearly 4 in 5 SHIB investors in the red. Just 1% of all Shiba Inu holders are at the money right now.
And what about the average time holding Shiba Inu?
Data suggests that 63% bought SHIB in the past 12 months. Since Shiba Inu has been falling in price over the last year it’s likely that the majority of investors making a loss are newer holders.
Has Shiba Inu reached the bottom price yet?
Bitcoin leads the crypto market, and typically falls 80% after an all-time high. That bottom figure could be as low as $13,800 and a price that Bitcoin hasn’t fallen to yet.
A Bitcoin capitulation would be a -27% drop from the current price and could easily see Shiba Inu sustain further losses.
Shiba Inu is one of the most whale-controlled tokens with 81% of circulating supply in the hands of a few holders. Many of these addresses are still in the money and could tank the Shiba Inu price in a sell-off.
A further -27% drop could mean a Shiba Inu price of $0.0000073.
What’s a better bear market investment than Shiba Inu?
There are two kinds of Shiba Inu traders: those who hodl and hope for prices to rise, or those who study an asset and invest when they’re confident prices will soon go up.
At present, we’re still in a bear market. If you’re an investor who wants to get as close to the bottom price as possible you might want to hold off on Shiba Inu. There are heaps of developments like the Shibarium blockchain and SHIB metaverse experience which could bring price rises when closer to launch.
For example, EverGrow is a Shiba Inu rival token which is weeks away from launching an upgrade to its NFT marketplace LunaSky.
LunaSky will become one of the only NFT marketplaces that lets users mint on Ethereum, Polygon, BNB Chain, Avalanche and Cronos. It will also be the first marketplace where 100% of revenue generated by transaction commissions and fees is put towards burning a native token – in this case, EverGrow.
While waiting for Shiba Inu to turn bullish you can read up on projects like EverGrow with big drops just around the corner.
The post 4 in 5 Shiba Inu Holders are in the Red, New Data appeared first on Analytics Insight.
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