The Shiba Inu cryptocurrency is raising concerns as data shows that only 2% of its holders are short-term investors, indicating a lack of buying and selling activity. This trend raises concerns about the token's demand and future growth prospects. While dominance by long-term holders can indicate stability, it may also suggest a decline in excitement around the token. The price analysis shows that Shiba Inu is holding above key support levels, but struggles to generate enough momentum for additional growth. Without more active buyers, the token may find it challenging to create movement, and a lack of enthusiasm could lead to price stagnation or decline.
- Content Editor ( u.today )
- 2024-10-24
Only 2%: This Shiba Inu (SHIB) Inu Metric Is Raising Questions