Good morning shibadults. So I’m currently skimming the major exchanges for data on liquidity. It’s low, real low. As of typing this, here’s how it shakes out:
Total Liquidity is just over $76 million.
The not so hot outcome of this:
Now 76 million may sound like a lot, but if at least a dozen people who dropped a couple hundred bucks at SHIBS initial listing decide to cash out, this could have serious negative impacts. because it would suddenly create a ton of liquidity relative to what we have available right now for sale. In simple terms, too much for sale, not enough buyers.
The outcome that we want:
With low liquidity and continued HODL’ing this thing will continue to rocket. Not only that, as more people jump into the morning dip, it’s going to rise because the scenario from above is now reversed. Too many buyers, not enough sellers. That’s essentially what was happening yesterday. Therefore, if this trend continues, hold onto your butts cause our little pup is gonna keep chomping down those zeroes.
My take:
I think scenario two is going to continue for the foreseeable future. Sure, there will be some profit taking along the way, but as long as the big boys don’t sell all at once we’ll be fine. Plus, broader retail is just now jumping in. Remember, most people aren’t involved in crypto, let alone altcoins like SHIB. Now that it’s broken into the mainstream and gained recognition as a legitimate project I can only see it going higher.
This is not financial advise. Invest at your own risk. I’m just a Shiba dog on the internet.
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