Bitrabo Editorial
Shiba Inu (SHIB) has experienced a significant increase in price, bringing relief to token holders. Over a trillion SHIB tokens have now surpassed their break-even point, attracting the attention of investors and crypto enthusiasts.
Shiba Inu Price Rally And Break-Even Output
According to CoinMarketCap, SHIB is currently valued at $0.000007206 and has sustained an 8.7% rally in the last seven days. The recent price movements have sparked interest in the potential of this meme coin.
Source: CoinMarketCap
A recent report on SHIB price reveals that more than a trillion SHIB tokens have transitioned from losses to profits, highlighting the magnitude of the ongoing rally.
Source: IntoTheBlock
In the past week, there has been a remarkable 12.4% price surge, resulting in 18.58 trillion SHIB tokens becoming profitable. This surge represents 40.9% of all circulating Shiba Inu tokens.
Investors and enthusiasts are eager to understand the factors driving SHIB’s success and whether this upward trend can be sustained.
SHIB price movement in the weekly timeframe. Source: CoinMarketCap.
Meme Coin’s Resilience Amidst Regulatory Pressure
While the broader cryptocurrency market faces regulatory pressure, Shiba Inu has remained relatively unaffected. Despite increased government oversight and restrictions on crypto exchanges, SHIB has shown resilience.
Despite the market’s volatility, SHIB has gathered a dedicated community of supporters who believe in its long-term prospects. Its association with Dogecoin and its active online community have contributed to its resilience and buoyed investor sentiment.
Featured image from Pexels