Percentage of Shiba Inu Investors Profiting Surges as Price Soars Above $0.000014
As the global market for digital currencies continues to experience a strong upward trend, investors are witnessing an increase in the value of their cryptocurrency holdings.
According to data provided by on-chain analyst IntoTheBlock, a significant 57% of Shiba Inu (SHIB) holders are currently enjoying profits, as the price of this memecoin surged by an impressive 25.6% in the past day, reaching $0.000014.
CoinGecko’s data reveals that SHIB has outperformed the overall global cryptocurrency market with this surge. In contrast, bitcoin (BTC) and ether (ETH) saw gains of 9% and 5.43% respectively.
Furthermore, recent data from IntoTheBlock indicates that 6% of SHIB holders have either made or lost money on their investment, while only 37% are currently experiencing a loss.
The data also showcases the holding patterns of investors in SHIB. The majority, 76% of holders, are classified as large holders. Additionally, 77% of SHIB holders have kept their tokens for over a year, 21% have held them for a duration ranging from one to twelve months, and only 2% have held their tokens for less than a month.
IntoTheBlock’s findings also point out that a significant amount of money has been transacted in SHIB over the past week. The total value of these transactions exceeded $345.99 million, with each individual transaction being worth more than $100,000. This suggests a growing interest from institutional investors in SHIB.
While 57% of SHIB holders are currently in a profitable position, this percentage is likely to increase in the future as experts predict a more positive outlook for this dog-themed memecoin in the upcoming weeks.
In a recent tweet, Lucie, the marketing lead for Shiba Inu, mentioned that SHIB has the potential to experience an 800% surge within a week. This optimistic forecast is based on factors such as controlled token burns and a consistent demand.
If this surge were to occur, SHIB’s current price of $0.000014 would reduce by one zero, resulting in a new price of $0.000121. Notably, this would also mark a new all-time high for the token.
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Shiba Inu (SHIB)
