With the majority of SHIBA Inu (SHIB) currently the losses, the famous Meme is facing difficult times. The latest InTOTHEBLOCK Data He explains that 59 % of the distinguished symbol holders are “money”.
This means that they keep symbols at a price higher than its current market value. The data also shows that only 4 % of them are in the event of stopping, while 37 % are in profit.
This refers to a difficult period for Jiba Eno, given that the distinctive symbol recorded huge gains in 2021.
Trading activity and low community participation
Time to write this report, Shayb price It is 0.000013 dollars, a decrease of 0.71 % in the last day, according to Coinmarketca data. Trading volume has decreased by 2.61 % to $ 133.6 million in the past 24 hours.
Earlier today, U.Today reported that the total volume of transactions for this distinctive symbol rose from 1.8 trillion to 7.37 trillion gray codes. This scale, which shows the amount of the distinctive symbol that is purchased and sold during the last day, indicates that less people are trading in SHIB compared to the last days.
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The downtown trend is more distinguished by the decrease in society’s participation. Last week, Telegram membership decreased by 0.38 %. This scale is a major indication of the activity and the investor’s interest in encryption projects.
Consequently, this decrease indicates that some holders may lose confidence or interest in the distinctive symbol in the short term. However, the long -term holding direction indicates the belief in the future of the distinctive symbol, with 78 % of SHIB holders of their symbols for more than a year.
The new investor interest in Shiba Eno Colls
Meanwhile, it seems that the new interest in Jiba Eno has been cools significantly during the past month, as only 2 % of SHIB holders are new investors in the distinctive symbol during this period. Meanwhile, SHIB has a strong relationship with Bitcoin, with a score of 0.84 of 1.0.
This indicates that it moves exactly in the same direction with BTC, whether up or down. InTothheblock data also showed that the large volume of SHIB transactions reached $ 184.96 million over the past seven days, indicating that the distinguished symbol is still suffering from institutional or high network activity.
This proves that the institutional interest in the symbol is still strong, although retail interests cool. Any upward trend in Shayb price It will depend on whether it is dismantled about the broader shrinkage on the market or the ecosystem of the ecosystems is acquired by more adoption.
