A huge drop of more than 30% occurred in Shiba Inu around two weeks ago at the same time as Bitcoin plummeted below the $29,000 barrier.
The token came dangerously close to putting a “zero” in the indexes, but it was able to avoid doing so as the market began to recover. Despite this, investors are continuing to build up their holdings of Cryptocurrency with the likes of Luckyblock, Solis and GnomeMines coming into the market.
On Coinbase, trading activity for SHIB has reached new heights as a result of 77% of investors placing it on “buy” and just 23% keeping it on “sell.” Since March, SHIB’s purchasing pressure has been unable to exceed the 70% threshold. Nevertheless, the token achieved this milestone yesterday, hitting 77%. The most recent time that the trading volume of SHIB surged to 90% was in September of last year, only a few days before it skyrocketed by 1,000% in October.
In 2021, one of the cryptocurrencies that did the best was Shiba Inu (SHIB), which saw its value increase by 48,000,000%. The current price of Shiba Inu is $0.0000109, representing a 1.8% increase over the past 24 hours. However, according to CoinMarketCap, there has been a 40.98% decrease in the trading volume during the past 24 hours. Source:
https://coinquora.com/new-record-highs-for-shiba-inu-buying-pressure/
submitted by /u/Rayna765
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