The Shiba Inu is in a downward spiral this month, but it hasn’t stopped investors from accumulating tokens. SHIB’s trading activity reached its highest level each year on Coinbase, with 89% of investors putting it on “buy” and only 11% putting it on “sell”. The SHIB gained over 80% buying pressure only twice this year and today experienced a breakthrough of up to 89% during the downturn. The final increase in SHIB trading volume to 90% was in September last year, a few days before the 1,000% surge in October.
Also, the typical “hold time” of the Shiba Inu was increased by investors holding tokens for five months. The current SHIB typical hold time is 150 days, a significant increase from the previous hold time of 4 months.
Also read: Will the Shiba Inu reach “1 cent” in 10 years?
Buy a shiba inu dip
The SHIB has fallen nearly 10% today, adding “zeros” to the index again and trading at five “zeros”. The overall crypto market is heading south again as Bitcoin is down nearly 5% today.
Top Ethereum whales are scattered around the Shiba Inu, despite prices falling. News about SHIB whales buying dog-themed tokens comes out almost every two days. Top ETH whales make good use of dips and accumulate SHIB in their portfolios.
Also read: Shiba Inu predicts analytics firms that could reach $ 5 by 2050
Many investors consider the price of the SHIB to be an unmanageably low-priced fruit. They believe that the SHIB can repeat Dogecoin’s performance over the long term and break the penny mark.
However, we recommend that you do not blindly buy dips, as the market is expected to face further corrections.
The world economy is in an uncertain waters where inflation has risen dramatically and wages have not caught up. Experts argue that the recession is imminent and that both the stock and crypto markets can quickly collapse.
Also read: Shiba Inu: Shiba Inu Shytoshi Kusama Shibarium Tips for Release
At the time of the press, the Shiba Inu was trading at $ 0.00000992, down 9.2% in a 24-hour day trade. Tokens are down 88.7% from a record $ 0.00008616 reached last October.