Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
According to CryptEye portal, the number of holders of Shiba Inu (SHIB) during the last month has increased at a rate different from that observed during the previous months tracked. At the same time, the strongest increase was registered in the last two weeks, starting from Sept. 10.
Thus, if in the past three months, the increase in the number of wallets that hold SHIB has been 190,000, then in only the last two weeks of September, their number has increased already by 80,000. Turning to the charts provided at the source, an almost one and a half times increase in the rate of growth of SHIB holders has occurred during the last two weeks of September.
It is possible that the growth in the number of SHIB holders, which is rarely not in an uptrend and sets records day by day, is due to the latest news about the game Shiba Eternity, which is gaining popularity in Asia.
Alex DovbnyaShiba Inu (SHIB) price action in September
As for the price of SHIB, things are not so bright here. In September, the cryptocurrency lost 23% of its highs of $0,000014 and is now trading at $0,00001, risking another zero in price.
As long as the price level of $0,0000095 is not broken through, there is a chance that the SHIB quotes will stay on the surface and win back some of the fall. Nevertheless, buying Shiba Inu in the current conditions does not seem advisable. Probably the best solution would be to wait and monitor the reaction at the important support level mentioned above.
Arman Shirinyan
Alex Dovbnya
Dan Burgin