According to the crypto analyst portal IntoTheBlock, the Shiba Inu token (SHIB) has recovered its value in a surprising turn of events that has made almost 35 trillion tokens lucrative once more. This increase in profitability is the result of SHIB’s price soaring over the last three days from $0.000007 to $0.0000084. Investors that bought SHIB in this price range are currently making substantial gains.
The size of this comeback is made clear when looking at the quantity of lucrative addresses. There are currently 86,150 addresses holding SHIB tokens purchased in the aforementioned price range, which is astounding. The overall number of lucrative addresses for SHIB holders is an amazing 204,050, which means that nearly half of them became profitable just this past week.
Shiba Inu has become one of the most profitable tokens on the cryptocurrency market as a result of the price spike, which has also helped investors’ portfolios. Based on the performance over the last 24 hours, the token presently has a 15% value increase and is the sixth most lucrative cryptocurrency among the top 100.
Nevertheless, a sizable chunk of holders are still in the negative despite the optimistic celebrations around the Shiba Inu token and the larger crypto market. Nearly 50% of SHIB holders are still losing money, and 34% are just breaking even. These difficulties presently affect more than a million addresses together.
Shiba Inu’s outstanding success is propelling the cryptocurrency market, which is exhibiting incredible strength and resiliency. The appeal of cryptocurrencies is confirmed as investors look to recover their holdings, reviving interest and optimism in the sector.
