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Nearly 70% of SHIB holders are in profit despite recent volatility

Nearly 70% of SHIB holders are in profit despite recent volatility

Even after a market pullback in November, nearly 70% of Shiba Inu (SHIB) token holders maintained positive returns on their investments. Notably, SHIB has begun to rebound since its listing on Kraken. The decentralized digital currency based on Ethereum is now among the top 10 cryptocurrency exchanges, Finbold reported.

Currently, 69% of holders of the coin dog profit from the current price, 10% go broke, and 21% lose money on their investment, according to metrics provided by cryptocurrency analytics platform IntoTheBlock.com. Consistent with SHIB holders making profits, we noted in our recently published report that more than four in five serious frequent cryptocurrency traders are making money in the markets. While meme currencies continue to attract new retail investors to the crypto sector with promises of quick riches, there is room for both big profits and losses in the coming months. For now, the general mood around the coin –“is mostly neutral” and significant spikes seem unlikely at this stage. On Tuesday morning, SHIB rose to an intraday high of $0.00005127, a gain of 31.6% in 24 hours as a result of the listing on Kraken. Although meme coins rose significantly yesterday, they are now trading at $0.00004534, down 11.89% for the day, but up 15.82% over the previous seven days, according to CoinMarketCap.

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