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Shocking Secrets: 10 Reasons Why Shiba Inu Investors Are Holding Strong
Discover the Resilience of Shiba Inu Holders Amid Market Fluctuations
Despite recent fluctuations in Shiba Inu, a significant number of investors are holding their tokens for over a year. This unwavering commitment is a testament to the belief in the potential of this cryptocurrency. A recent rally led by Bitcoin has positively influenced the prices of major assets, including Shiba Inu (SHIB). According to fresh data from CoinMarketCap, the price of SHIB has surged by 5.87% in the last 24 hours, reaching $0.00001542.
However, the weekly indicators tell a different story, with Shiba Inu only increasing by 2.87% over the past week. In the last 30 days, the token has experienced a decline of 23.02%. Year-to-date, Shiba Inu has dropped by 27.1%, and over the past six months, it has plummeted by 37.9%. Despite these challenges, investor confidence remains high, with many anticipating significant price increases in the future.
The growing confidence in Shiba Inu is reflected in the increasing number of long-term investors who continue to support the token.
1. 787 Trillion SHIB Held for Over a Year
Recent data from IntoTheBlock (ITB) reveals that approximately 1.45 million Shiba Inu addresses hold SHIB. Out of these, 1.13 million addresses are classified as long-term holders, having held their Shiba Inu for more than a year. ITB refers to these investors as “holders.”
These 1.13 million addresses collectively hold around 787.39 trillion Shiba tokens, which constitutes 79.91% of the total 985.3 trillion SHIB in circulation. This data indicates that a majority of Shiba Inu investors are committed to holding their tokens for the long haul.
“The resilience of Shiba Inu holders is remarkable, showcasing their belief in the token’s future.”
While ITB suggests that these addresses contain about 787.39 trillion SHIB tokens, it’s important to note that this figure includes both active and inactive tokens, including those in the official Shiba Inu wallet. Currently, the official wallet holds approximately 410.74 trillion Shiba tokens, which have been permanently removed from circulation but still appear in blockchain analyses.
2. Short-Term Holders: The “Cruisers” of Shiba Inu
According to ITB, around 288,500 addresses hold a combined total of 171.59 trillion Shiba tokens for a duration of one month to one year. Interestingly, ITB classifies these investors as “cruisers.”
Additionally, there are 25,760 addresses identified as short-term traders, currently holding about 26.33 trillion Shiba tokens for less than a month. This data highlights the diverse strategies among Shiba Inu investors.
3. Long-Term Optimism Amid Price Fluctuations
The significant number of long-term Shiba Inu holders reflects a strong optimism among investors. Despite short-term price fluctuations, these investors have maintained their SHIB assets for extended periods. Their confidence is largely driven by the potential for substantial price increases, reminiscent of the market cycle in 2021.
Market analysts, including Unis Wong, predict that the price of Shiba Inu could rise to approximately $0.0001 in this bull cycle, representing a staggering 548.5% increase from its current price.
4. Shiba Inu Portfolios: A Financial Overview
IntoTheBlock also provides insights into the financial status of Shiba Inu investors. Among the total addresses, 203,500 hold SHIB worth less than $1, while 225,730 control portfolios valued between $1 and $10.
Nearly 568,000 addresses possess Shiba Inu portfolios worth between $10 and $100. Approximately 350,900 addresses own tokens valued at $1,000, while 95,190 wallets hold SHIB worth between $1,000 and $10,000.
Furthermore, 11,310 addresses manage portfolios containing SHIB valued between $10,000 and $100,000. However, the number of addresses with tokens worth $100,000 or more is significantly lower.
For instance, around 1,470 addresses contain SHIB valued between $100,000 and $1 million. Additionally, 857 wallets hold SHIB worth between $1 million and $10 million. Only a handful of addresses, 71 in total, possess Shiba Inu tokens valued at $10 million or more.
Conclusion: What’s Next for Shiba Inu Investors?
The resilience of Shiba Inu investors is a powerful narrative in the world of cryptocurrency. As the market continues to evolve, the commitment of long-term holders may play a crucial role in shaping the future of SHIB. Are you ready to join the ranks of these dedicated investors? Share your thoughts in the comments below!
For the latest updates and discussions, join our Telegram channel: Investing Guru and participate in our chat: Investing Guru Chat.
FAQ
- What is Shiba Inu? Shiba Inu is a cryptocurrency that gained popularity as a meme coin, inspired by the Shiba Inu dog breed.
- Why are investors holding Shiba Inu for a long time? Many investors believe in the long-term potential of Shiba Inu and are optimistic about future price increases.
- What percentage of Shiba Inu is held by long-term investors? Approximately 79.91% of Shiba Inu is held by long-term investors.
- What are the predictions for Shiba Inu’s price? Analysts predict that Shiba Inu could rise to about $0.0001 in the current bull cycle.
- How many addresses hold Shiba Inu? There are approximately 1.45 million addresses holding Shiba Inu tokens.
- What is the average value of Shiba Inu portfolios? Many portfolios hold Shiba Inu worth less than $100, with a few holding millions.
- What are short-term holders classified as? Short-term holders are often referred to as “cruisers” by analysts.
- How does Shiba Inu compare to Bitcoin? Shiba Inu often follows Bitcoin’s price movements, influenced by its market trends.
- Is Shiba Inu a good investment? Investment decisions should be based on individual research and risk tolerance.
- Where can I find more information about Shiba Inu? For updates, join our Telegram channel and chat for discussions.
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