Despite his decline, Shiba Inu still attracts high network values

The cryptocurrency market goes through a volatile time, and Shiba Inu is not immune to the storm. Despite a drop in prices and a lack of interest from small investors, the Shib -Token keeps a loyal community. A closer look at a paradox that fascinates crypto investors!

Shiba Inu: A crypto abandoned by the general public, but keep from long -term owners

59% of Current owners of the crypto Shib is “out of the money”. This means that you bought your tokens at a higher price than the current value. 78% of them have had their Shib token for over a year. This impressive number reflects long -term trust despite a difficult environment on the cryptom market.

The transaction volume fell by 2.61% to $ 133.6 million. The number of new crypto investors remains marginal. It rose by only 2%last month. This shows A decreasing public interestEspecially for retail investors.

Remarkably, the commitment of the community also measured after the decline in telegram subscribers. This signals a short -term loss of interest!

But not everything is bleak! In fact, Institutional interest in Shiba Inu Crypto remains strong. Proof: The important transaction volume reached $ 184.96 million over seven days. This shows that some crypto whales or players with a high networker continue to betting on Shiba.

Shiba Inu: A digital asset still correlated strongly with Bitcoin price movements

According to data, Shiba Inu shows A correlation with Bitcoin of 0.84. This simply means that his movements follow the crypto market leader.

Analysis: If the BTC price bounces off, Shiba Inu could benefit from it.

In order to reverse the current trend, the Shib -token must prove that its ecosystem can develop independently.

Shiba Inu must also: to attract new investors and lead again in the crypto scene:

• revitalize his community;
• strengthen its visibility;
• Offer concrete innovations.

The situation of Shiba Inu in any case reflects the contradictions of the current crypto market. Your future will depend on his ability to resume the interest of small owners and to free themselves from the general bear market.

Ariela R.

My name is Ariela and I am 31 years old. I have been working on the web letter for 7 years. I only discovered trade and cryptocurrency a few years ago, but it is a universe that is very interested in me. The topics treated on the platform enable me to learn more. As a singer in my free time, I also cultivate a great passion for music and reading (and animals!)

Disclaimer

The views, thoughts and opinions expressed in this article belong exclusively to the author and should not be regarded as investment advice. Take your own research before making any investment decisions.