Almost 70% of SHIB addresses remain in profit

by in Cryptocurrency News

SHIB

Despite the fall in the value of the Shiba Inu (SHIB) altcoin, more than half of its holders are still in profit. About 69% of wallets with different cryptocurrency volumes are in positive territory.

The SHIBA token has lost about 3% in value over the past 24 hours and fell to $ 0.00004172. Altcoin capitalization fell to $ 22.916 billion. Recall that on October 28, the price of the coin soared to $ 0.00008845.

Altcoin pumping has been observed since the beginning of autumn. It was fueled by tweets from Elon Musk, who provoked the hype on social networks. However, in early November, the coin turned out to be overheated, after which investors began to sell it.

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At the same time, almost 70% of altcoin holders are still in positive territory, as they bought tokens before the October race.

21% of addresses were bought at the peak, and now they are in the red. 10% of addresses are kept in the neutral zone, as they purchased SHIB at about the same prices that we see now.

Currently, the token is ranked 13th in the ranking of the largest digital currencies. It was bypassed by Avalanche (AVAX) and Terra (LUNA), whose capitalization is just over $ 24.66 billion and $ 26.11 billion, respectively.