Recent analysis shows that the average hold time for Shiba Inu tokens is 2.8 years. This information underscores the growing interest of investors in long-term investments in this cryptocurrency asset.
Long-Term Investment in Shiba Inu
According to research firm Sentora, the current average hold time for Shiba Inu tokens is 2.8 years. This indicates that the SHIB community largely consists of seasoned holders rather than just short-term speculators. This trend reflects growing confidence among holders, many of whom may be anticipating future price increases.
Current Price and Trading Activity
Currently, the Shiba Inu token is trading at $0.00001588, which represents a 4.75% increase from the previous 24 hours. Trading volume has surged by 105% over the day, reaching $628 million, driven by traders seeking to capitalize on recent market volatility.
Prospects and Predictions for SHIB Value
Shiba Inu has shown a positive trend, overcoming the $0.0000145 level for six consecutive days. With further momentum, SHIB aims for the next target range between $0.000016 and $0.000019, where significant resistance is expected, previously held by 71,360 addresses with a total of 474.9 trillion SHIB. Breaking through this zone may pave the way for reaching $0.00002 and possibly up to $0.00003.
Data on the holding period of Shiba Inu tokens highlights the long-term commitment of investors to this asset. With current market conditions and trader activity, SHIB may continue its upward trajectory.
