The favorite meme coin among investors during the 2021 bull run, Shiba Inu (SHIB), is now causing pain to most of its token investors.
No wonder, due to the extremely sharp decline in price from its ATH, there are many investors who suffer from seeing their profit dreams shattered by the crypto winter.
Shiba Inu Investors and Their Conditions
U Today reports that, the recent price drop has resulted in Shiba Inu (SHIB) becoming highly unprofitable. Its profitability has plummeted to a mere 16%, placing it among the least lucrative assets available. The volatility of SHIB has been a persistent worry for investors and the recent price decline has only made the matter worse.
Shiba Inu's unprofitability is primarily due to its excessive fluctuation, making it a favorite among speculative investors. A minor decrease in price can result in a major alteration in its profitability, which is why the financial viability of an asset is essential for investors seeking to gain profit over the long term.
In the rapidly evolving financial market, investors are always searching for new ways to generate profits. Cryptocurrencies like Shiba Inu are gaining in popularity as they offer the possibility of substantial gains.
What is currently concerning is the bearish signals being formed by the movement of Bitcoin's price.
As we know, the price of altcoins like Shiba Inu usually still follows the movement of the major cryptocurrencies, and any drops can be even worse in percentage terms.
What may save Shiba Inu's image in front of investors and supporters is the long-awaited launch of Shibarium.
It is hoped that the layer-2 network will be launched this year to upgrade the Shiba Inu ecosystem to a better version. [pc]
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