Shiba Inu Achievement Record of 72 Percent and SHIB Owners Achieve Maximum Profits

Lovata Andrean

Shiba Inu Hits a Record of 72 Percent and SHIB Owners Gain Maximum Profits
Shiba Inu Hits a Record of 72 Percent and SHIB Owners Gain Maximum Profits

Rancakmedia.com – Achievement record Shiba Inu coins by 72 percent and After a long wait, the number of Shiba Inu HODLers is getting closer to a total of one million HODLers. Currently the owners of this meme-based token have reached a milestone by breaking more than 970.000 investors who deposited their dollars into this crypto asset.

This milestone was achieved in just four days, the Shiba Inu network gained 40.000 new registrations which was followed by a quite profitable week for SHIB in the cryptocurrency market. According to TradingView, most major cryptocurrencies go through correction cycles, in some cases resulting in large price drops.

It is estimated that Bitcoin has lost 5,4 percent of its value at the time of writing, while Ethereum has fallen by 3 percent. Shiba Inu, on the other hand, actually showed a 12 percent price increase in the midweek to the weekend.

Shiba Inu Hits a Record of 72 Percent and SHIB Owners Gain Maximum Profits (2)

But then this crypto asset corrected with a loss of 8 percent, leaving it in the neutral zone with almost 0 percent growth from the previous week. While Shiba Inu's market price has not yet reflected significant network growth, this is still a clear indicator that Shiba's fundamental base still needs to expand.

Shiba Inu Achievement Record Factor

This is one of the most significant underlying factors in long-term pricing. A more than 100% correction in the Ethereum network's growth rate follows a month of market strength, indicating the importance of background growth.

At the time this article was written, Shiba Inu was trading at 0,000051 dollars or roughly equivalent to Rp. 0,7619 with a daily price loss of 1,39 percent.

Although the Shiba Inu cryptocurrency meme witnessed more price fluctuations in recent days, most token holders are still making profits. According to on-chain statistics, 72 percent of Shiba Inu wallet addresses were reported to have made a profit with a token price of IDR 0,7619.

Additionally, it was reported that only 17 percent of Shiba Inu holders did not make a profit from their initial purchase of crypto assets. They were most likely investors who were late in acquiring Shiba Inu when its value fell from its recent all-time high.

Most novice investors are interested in buying cheap and have the opportunity to profit when the value rises again. Data reveals that the concentration of HODLers is close to 78 percent. However, the Shiba Inu baron has been criticized for its strong effect on token price changes.

Shiba Inu Achievement Record Amount

The increasing number of profitable wallet addresses stems from the growing popularity of Shiba Inu over the past few months. In particular, the prospect of high profits from this crypto asset has also succeeded in bringing in more HODLers.

For example, between October 10 and November 8 2021, the number of Shiba Inu holders grew 31 percent, from 706.808 to 926.684, for 111 percent growth over time. The Shiba Inu token has been gaining more and more users due to factors such as its low price per coin, making it easy to get involved, unlike other expensive assets such as Bitcoin.

Shiba Inu Price Increase

At the time of this writing, Shiba Inu's value had risen about 4 percent in the previous 24 hours, a weekly gain of 6 percent. But SHIB has witnessed extreme volatility before, wiping 7,26 billion USD off its total market value between November 4 and November 10.

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Lovata Andrean

Hi, I'm Lovata, I'm not Ai but I am a content writer for SEO, Technology, Finance, Travel, Cooking Recipes and others. I hope this can be useful for all my friends. Thanks