DeFi & NFT
By Pankaj K
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Shiba Inu Faces Losses but Long-Term Holders Persist. According to data from IntoTheBlock, 59% of Shiba Inu holders are "out of the money," meaning they…
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Decline in Trading Activity and Community Engagement. The decline in trading activity is further emphasized by a drop in community engagement.
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Cooling Interest from New Investors. Another noteworthy trend is the decline in new investor interest.
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Institutional Interest Remains Strong. Despite the decline in retail activity, Shiba Inu continues to show strong institutional interest.
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Looking Ahead: What’s Next for Shiba Inu?. While the short-term outlook for Shiba Inu may appear uncertain due to the decline in trading…
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Conclusion. Despite the current dip in price and cooling retail interest, Shiba Inu remains a token with…
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Despite facing a challenging period with declining prices, Shiba Inu (SHIB) continues to have a strong foundation of long-term holders.
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According to data from IntoTheBlock, 59% of Shiba Inu holders are "out of the money," meaning they are holding SHIB tokens at a price higher than its current market value.
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At the time of writing, the price of SHIB is $0.000013, a decrease of 0.71% in the past 24 hours. Trading volume has also declined by 2.61%, now sitting at $133.6 million.
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The decline in trading activity is further emphasized by a drop in community engagement. Over the past week, the Shiba Inu Telegram membership decreased by 0.
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However, despite this decline in short-term activity, the fact that 78% of SHIB holders continue to hold their tokens for over a year signals that a significant portion of the…
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Another noteworthy trend is the decline in new investor interest. In the past month, only 2% of SHIB holders have entered the market, signaling that new capital is not flowing…
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Despite the decline in retail activity, Shiba Inu continues to show strong institutional interest. The data reveals that SHIB’s large transaction volume reached $184.
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Moreover, SHIB has shown a strong correlation with Bitcoin, with a correlation score of 0.84 out of 1.0.
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While the short-term outlook for Shiba Inu may appear uncertain due to the decline in trading volume and community engagement, its long-term prospects remain tied to the broader…
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