Shiba

Shiba Inu

Zero

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In recent market activity, the&nbsp;<a href="https://u.today/shiba-inu-lead-reveals-key-upgrades-coming-to-shib-shibarium-ecosystem" rel="noopener noreferrer nofollow">Shiba Inu token (SHIB)</a> has captured the attention of investors as its price inches closer to the coveted $0.00001 mark. Over the last two partial weeks, SHIB has demonstrated a notable increase of over 10%, climbing from $0.0000088 to $0.0000098. While this surge is undoubtedly impressive, it falls just short of the milestone desired by enthusiasts of the&nbsp;<a href="https://u.today/bitcoin-bull-michael-saylor-breaks-silence-on-btc-price" rel="noopener noreferrer nofollow">cryptocurrency</a>.
What stands between SHIB and the much-discussed $0.00001 threshold is a staggering 16.12 trillion&nbsp;<a href="https://u.today/shiba-inus-bone-jumps-8140-in-on-chain-shibarium-anomaly" rel="noopener noreferrer nofollow">Shiba Inu</a> tokens, as revealed by on-chain data from IntoTheBlock. This substantial figure represents the volume of SHIB held across 27,850 wallets, all of which were acquired at the desired price point but now face losses.&nbsp;
Consequently, a significant sell wall looms over the market as holders of these trillions of tokens await an opportunity to offload their assets. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="f2826735-dac6-48c6-88a7-9a01056b1b2a" src="https://u.today/sites/default/files/inline-images/shibababbbb.png">Source: <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=all&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a>
For bullish investors eyeing the erasure of a zero from SHIB's price figure, the challenge lies in having the necessary purchasing power to absorb this considerable volume. The impending sell-off from holders eager to mitigate losses presents a critical hurdle that must be overcome to propel SHIB to the desired milestone. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="046d9225-61cd-44bd-86fc-be5037866c25" src="https://u.today/sites/default/files/inline-images/shibaaa_0.png">SHIB to USD by <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
Despite the optimism surrounding SHIB's recent gains, the road to $0.00001 per token remains fraught with obstacles. As the market braces for potential sell pressure from long-standing holders, the ability of bullish investors to meet this demand will ultimately determine the fate of SHIB's price trajectory.&nbsp;
With anticipation mounting, all eyes are on whether&nbsp;<a href="https://u.today/attention-shib-bone-leash-holder-key-warning-issued" rel="noopener noreferrer nofollow">SHIB</a> can surmount this final hurdle and achieve the long-awaited milestone of erasing a zero from its price.

Shiba Inu to $0.00001: Here's What SHIB Price Needs to Finally Erase Zero

U_Today

Ďalšie články zverejnené 15. 2. 2024

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