65% Of Shiba Inu (SHIB) Investors Are In Profit Despite Recent Downtrend
According to data from IntoTheBlock, majority of Shiba Inu (SHIB) investors are in profit. This is despite the various dips that have rocked the market in recent weeks. A good number of Shiba Inu holders had been invested in the project before it had begun its bull run. As such, most were old holders making money from their investments.
Surely many more recent investors who had put their money into the digital asset, might be in loss with their SHIB investments, but they represent a much smaller percentage compared to those in profit. The data shows that 65% of all Shiba Inu holders are still in profit despite the digital asset losing about 50% of its all-time high value, with only 27% of all holders being in a loss.
In the middle are those who invested in the current price of the digital asset, which according to the data is 7% of total Shiba Inu investors. They are in the neutral zone, meaning that these investors got their coins at the current value of the asset. This means that 7% of all total investors, about 100,000 given the current holder count of the asset, are neither in profit or loss.
With the recent listing of the digital asset on Kraken, Shiba Inu had completed the list for being available to trade on all major cryptocurrency exchanges in the market. The asset had quickly made the rounds across the top exchanges as listed by CoinMarketCap, with Kraken being the only outlier for a while. However, as of Tuesday, SHIB is now available for trading on Kraken.
About six months ago, Shiba Inu wasn’t really well-known outside its community. The token had recorded popularity by calling itself the “Dogecoin killer” but activity in the asset was not remarkable back then.
Now, the dog-themed coin has grown to be one of the largest cryptocurrencies by market cap, currently ranked 13th on the list. For investors who had gotten in on the crypto when it was still relatively unknown, the meme coin has been an incredibly profitable venture for them.
