75% of Shiba Inu (SHIB) token holders have displayed unwavering faith in the token’s long-term growth by keeping their investments for over a year. This remarkable statistic highlights a significant shift in the cryptocurrency investment landscape, where patience and a long-term outlook are increasingly valued.
In addition to this impressive statistic, data from IntoTheBlock reveals that the average holding period for SHIB stretches to an astonishing two years. This showcases a trend towards longer-term investments in the crypto market, further emphasizing investors’ loyalty to Shiba Inu.
Despite experiencing a surge of over 92% in the past year, SHIB still remains 74% below its all-time high. However, the fact that only 58.18% of holders are currently profiting indicates that a substantial portion of Shiba Inu investors are holding onto their tokens in anticipation of future price increases and potential long-term gains.
Furthermore, the notable increase in the number of tokens burned adds to the optimism surrounding Shiba Inu. Shibburn reports a staggering 25.92% increase in the daily burn rate, with an impressive 798.31 million tokens burned over the past week – a significant jump of 289.36%.
Despite these positive developments, Shiba Inu’s market performance has shown some weakness in recent times. After reaching a peak on March 5, the price has plummeted by over 50%, currently trading at $0.00002246. If Shiba Inu fails to surpass this resistance, it may drop back to the support level at $0.00002080, highlighting the risks associated with holding the token in its volatile market journey.
