Here is the average time to hold SHIB.

TL; DR

Shiba investors have a long-term commitment compared to the short holding periods seen with other note coins. Despite the recent price drop, several positive developments, including increased token burn rates and activity on Layer-2 blockchain solution Shibarium, hint at things to come for SHIB.

Diamond hands

Known for their highly volatile nature, investing in meme coins is popular with short-term traders looking for quick profits. However, this does not seem to be the case with Shiba Inu.

According to data provided by IntoTheBlock, the average holding period for SHIB is more than two years. The market intelligence platform also revealed that approximately 75% of people who exposed themselves to Dogecoin-killer had turned on the bandwagon for more than a year.

In comparison, Cardano (ADA) investors stay In the ecosystem, on average for one year, Ethereum (ETH) and Dogecoin (DOGE) holders share the same time with Shiba Inu. Bitcoin (BTC) remains the leader at this stage. Average time the property is held It is greater four years.

Shiba Inu Price Outlook

The nearly 20% weekly price retreat of MemCoin is currently reducing investors who are sitting on paper profits. Recent data shows that about 38% of SHIB holdings are underwater. Still, the current trend is much better than what was seen in September last year. as a Cryptopotato reportedAbout 90% of Shiba Inu investors were in the red then.

Despite recent underperformance, several factors hint that a renewed SHIB bull run may be just around the corner. One of such elements is the combustion rate of the property, which is It exploded Last week and throughout March.

The shibarium revival is also worth mentioning. Shiba Inu's Layer-2 scaling solution has seen significant activity over the past few days, with daily transactions on the network. It's getting close. 1 million mark.

Last but not least, SHIB's exchange has netflow. He turned around It is mainly negative on a weekly basis, indicating a shift from central platforms to self-sustaining mechanisms. Such a move is considered bullish because it immediately reduces sales pressure.