Shiba Inu Growth Obstacles: Key Reasons

user avatar

by Giorgi Kostiuk

2 years ago

Despite positive market trends, Shiba Inu's price has decreased by 55% since December. Blockchain data analysis may help uncover the reasons behind this situation.

Recent Trends in Shiba Inu

The Shiba Inu token (SHIB) has significantly declined since December, reaching almost yearly lows and showing no signs of recovery even during overall market positivity.

Blockchain Data Analysis

According to IntoTheBlock, 46,240 addresses accumulated 549.56 trillion Shiba Inu tokens in the $0.000014 - $0.000019 range. These tokens are underwater as the current price stands at $0.0000135.

Impact of Token Burning

Out of the total 549.56 trillion tokens, about 410.43 trillion are in the burn address used by Vitalik Buterin in 2021, indicating that a significant portion of tokens acts as market resistance.

The analysis of the Shiba Inu situation highlights the importance of understanding blockchain's role in evaluating market movements. Current resistance complicates the cryptocurrency's growth.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Tesla's Financial Results Highlight AI Investment Strategy

chest

Tesla's financial results reveal a complex relationship between automotive sales and AI investments.

user avatarSon Min-ho

Tesla Transforms into an AI Empire Beyond Cars

chest

Tesla is evolving beyond a traditional car company, focusing on AI and its investments in SpaceX.

user avatarAyman Ben Youssef

MEXC's Tokenized Stocks and ETFs Experience 30% Growth

chest

MEXC reported a 30% month-on-month increase in spot trading volume for tokenized stocks and ETFs, reflecting broad-based growth.

user avatarKofi Adjeman

MEXC Reports Significant Growth in August Trading Data

chest

MEXC reports significant growth in trading volumes across various asset classes in August 2026, with a 130% month-on-month increase in stock, index, and ETF Futures.

user avatarTando Nkube

TRON DAO Enhances MetaMask Connectivity for Users

chest

TRON DAO announces enhanced MetaMask connectivity for various dApps, improving user interaction within the TRON ecosystem.

user avatarNguyen Van Long

MetaMask Connectivity Now Supported by Leading TRON dApps

chest

Four major decentralized applications in the TRON ecosystem have integrated MetaMask connectivity, enhancing user access to on-chain finance.

user avatarSatoshi Nakamura

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.