Shiba

Diamond Hands

Diamond

Shiba Inu

<ul>
 <li>75% of Shiba Inu (SHIB) token holders have kept their investments for over a year, indicating strong belief in the token’s long-term growth.</li>
 <li>The average SHIB holding period is two years, showcasing a trend towards longer-term investments in the crypto market.</li>
 <li>Despite a 92% increase in the past year, SHIB remains 74% below its all-time high, with only 58.18% of holders currently profiting.</li>
</ul>
In a remarkable display of resilience and long-term vision, data has revealed that an impressive 75% of <a href="https://thenewscrypto.com/?s=Shiba+Inu" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu</a> (SHIB) token holders have held their investments for over a year.
This statistic sheds light on investors’ unwavering belief in the token’s potential for growth, marking a significant shift in the cryptocurrency investment landscape, where patience and a long-term outlook are becoming increasingly valued.
Adding further credence to the loyalty of Shiba Inu investors, data from <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=network&amp;chart=all" target="_blank" rel="noopener noreferrer nofollow">IntoTheBlock</a> indicates that the average holding period for the meme coin stretches to a staggering two years.
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="343" src="https://thenewscrypto.com/wp-content/uploads/2024/04/image-55-1024x343.png" alt="" class="wp-image-96388" srcset="https://thenewscrypto.com/wp-content/uploads/2024/04/image-55-1024x343.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/04/image-55-300x101.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/04/image-55-768x258.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/04/image-55.png 1536w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
Despite the token’s fluctuating market conditions, holders’ steadfast commitment has persisted, with SHIB experiencing a surge of over 92% in the past year, but still remaining 74% below its all-time high.
<h2 class="wp-block-heading" id="h-shiba-inu-holders-showing-strength-despite-muted-price">Shiba Inu holders showing strength despite muted price</h2>
While the majority of holders have demonstrated their conviction by holding onto their SHIB investments, not all are currently in profit territory. According to IntoTheBlock’s analysis, only 58.18% of holders are “in the money” based on current market prices.
This statistic suggests that a significant portion of Shiba Inu investors are poised to hold their tokens, likely in anticipation of future price increases and potential long-term gains.
The notable rise in the number of tokens burned adds fuel to the optimism surrounding Shiba Inu. Shibburn reports a remarkable 25.92% increase in the daily burn rate, with a staggering 798.31 million tokens burned over the past week – a 289.36% jump.&nbsp;&nbsp;
Despite these positive developments, Shiba Inu’s market performance has exhibited some weakness in recent times. Since reaching a peak on March 5, the price has plummeted by over 50%, currently trading at $0.00002246.&nbsp;&nbsp;
On the flip side, if Shiba Inu fails to surpass this resistance, it might drop back to the support level at $0.00002080, highlighting the risks involved in holding the token amidst its volatile market journey.

Shiba Inu Investors Exhibit Diamond Hands as 75% Hold for Over a Year

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