Shiba Inu (SHIB) Faces Bleak Future as Profitability Metric Plummets 60% According to a recent report, Shiba Inu's (SHIB) profitability metric has dropped a staggering 60%, sparking concerns about the token's future and potential consequences for investors. The report highlights that more than half of SHIB holders are currently in the red, with the token's …
Shiba Inu’s Bleak Future: Profitability Metric Plummets 60%
Shiba Inu (SHIB) Faces Bleak Future as Profitability Metric Plummets 60%
According to a recent report, Shiba Inu’s (SHIB) profitability metric has dropped a staggering 60%, sparking concerns about the token’s future and potential consequences for investors. The report highlights that more than half of SHIB holders are currently in the red, with the token’s profitability metric falling below 50%.
This worrying trend may lead to lower profits or risky investments, which could result in higher selling pressure. When investors experience financial losses, they tend to sell their holdings, causing a snowball effect that drives the price down. Additionally, SHIB’s transaction volume has been declining, particularly in large transactions valued at over $100,000.
This decline suggests that larger investors have little confidence in investing, as they often view smaller companies as market makers. Investors who withdraw from the market can result in reduced liquidity, making it more challenging for others to buy and sell the token.
The high concentration of SHIB supply among large holders is also a cause for concern, with 73% of the entire token’s supply being controlled by PIYO investors. This concentration of ownership can cause significant price fluctuations, as large holders have the ability to manipulate the market’s buying and selling decisions.
Over the past 24 hours, there have been only 82 major transactions, compared to 62 in the previous 7-day period. The decrease in significant trades is a cause for concern, as it indicates that bigger investors are not investing in the token. Additionally, SHIB’s net network growth has been relatively negative, indicating that the company is not gaining traction among new investors.
This, coupled with the negative bid-ask volume imbalance, highlights the fact that this token is facing considerable pressure. The 60% decline in SHIB’s profitability metric is a clear indication that investors are becoming more bearish on the token, as it’s difficult to see how the company can recover in the short term.
Investors should be cautious and do their research, as SHIB’s profitability metrics show a positive trend, but the current metrics are deteriorating. It makes it hard to assume positive outcomes for the entire token.
For more insights and information on Shiba Inu and the cryptocurrency market, visit CoinSeeks.com, a leading resource for crypto news and analysis.
In conclusion, the future looks bleak for Shiba Inu, and investors should be cautious and exercise extreme caution when considering investing in this token.
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