Although Shiba Inu (SHIB), the 12th largest cryptocurrency by total market capitalization, has fallen by 9% in the last 24 hours, investors can actually be quite happy with their situation.
SHIB Investors Enjoy
Keeping the promise of the Kraken cryptocurrency exchange, which achieved a significant increase of 30% after the SHIB listing. SHIB, now it is experiencing the correction of this rise. Despite the fact that the SHIB price is almost 50% behind its previous record, at least 70% of its investors are in a profitable position.
According to the data on Coinecko, as of now, close to 70% of SHIB investors have had a positive result from their investments and have actually spent their balance on earnings. Although SHIB has gained an increase, especially with the Kraken listing, it is reported that only 30% of those who bought in the incredible rally before this were at a loss. In fact, the data shows that the damage is not exactly 30%, but 21%. It is stated that close to 10% of them are at the point they take.
The results of Coinecko’s “HODLER” index show that very few investors actually bought with FOMO during the legendary rise or neglected to sell when the price was rising. The fact that 70% is currently in a lucrative state can reduce the selling pressure and make investors who are already in a lucrative position wait. This means better results and price hold for SHIB in the medium term.
The number of SHIB investors continues to increase, as does the popularity.
*Not Investment Advice.