Shiba

when

Shiba Inu

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/shiba-inus-market-dynamics-and-price-forecast/" data-wpel-link="internal">Shiba Inu’s Market Dynamics and Price Forecast</a><br></p>
<p style="text-align: justify">Long-term investor interest in altcoins is crucial for their price performance and future prospects. If a certain percentage of investors avoid selling over an extended period, it indicates that supply pressure on the sell-side will remain weak, allowing for potential real peaks during bullish phases. This is the case for <a href="https://coin-turk.com/altcoin-kurucusuna-ovgu-elon-musk-ve-jeff-bezos-takdir-etti" data-wpel-link="internal">Dogecoin</a>‘s competitor.</p> 
<h2 style="text-align: justify" id="shiba-inu-shib">Shiba Inu (SHIB)</h2> 
<p style="text-align: justify">Data provided by IntoTheBlock reveals a trend among <a href="https://en.coin-turk.com/shiba-inu-gains-attention-with-significant-whale-accumulation/" data-wpel-link="internal">Shiba</a> Coin investors that has been ongoing for about a year. There have been gradual increases during bull markets, and investors’ appetite for the 2024-2025 rally season has grown. <strong>IntoTheBlock</strong> data tells us that the average holding period for Shiba Inu has extended to two years.</p> 
<p style="text-align: justify">Since last year, the <strong>SHIB price</strong> has increased by over 92%. However, this increase followed significant declines. The price is still roughly 75% below its peak. According to current data, 58% of investors are in a profitable position, yet 75% have been holding their assets for over a year.</p> 
<p style="text-align: justify">Additionally, there have been significant increases in the amount of <strong>Shiba Inu</strong> tokens burned. Shibburn reported a daily burn rate increase of 25.92%, with 798.31 million tokens burned over the past week. However, when looking at the total circulating supply, these figures are not likely to have a significant impact on the price.</p> 
<p style="text-align: justify">Long-term investors remain hopeful about the Shiba team’s ventures in areas like metaverse, <a href="https://en.coin-turk.com/bitcoin-ordinals-investor-recovers-funds-after-costly-mistake/" data-wpel-link="internal">NFT</a>, and <a href="https://coin-turk.com/kripto-kisi-defi-ekosistemini-vurdu-iki-yilin-en-dusuk-seviyesinde" data-wpel-link="internal">DeFi</a>, although these trials have not yet reached sufficient user numbers. Moreover, activity on the Shibarium network cannot compare to levels during the testnet period.</p> 
<h2 style="text-align: justify" id="shiba-coin-price-forecast">Shiba Coin Price Forecast</h2> 
<p style="text-align: justify"><strong>Shiba Coin’s price</strong> has experienced a loss of over 50% since reaching its peak on March 5. Sales affecting <a href="https://en.coin-turk.com/deciphering-the-pattern-news-events-and-bitcoin-price-movements/" data-wpel-link="internal">Bitcoin</a>‘s price up to $60,600 significantly shook the altcoin markets. Currently, SHIB is finding buyers below the resistance level at $0.00002383. If the price breaks through this resistance, it could quickly rally to $0.00002734.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-341385 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/shib-tahmin-yorum.png" alt="" width="1201" height="670"></p> 
<p style="text-align: justify">Looking at the downside, continued closings below this resistance could lead the price to retreat to the support level at $0.0000208. A move towards either extreme will likely be enabled by a forthcoming break in BTC’s price, which is currently just over $62,000.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/shiba-inus-market-dynamics-and-price-forecast/" data-wpel-link="internal">Shiba Inu’s Market Dynamics and Price Forecast</a></h5>

Shiba Inu’s Market Dynamics and Price Forecast

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