{"id":535687,"date":"2023-05-30T12:16:45","date_gmt":"2023-05-30T12:16:45","guid":{"rendered":"https:\/\/uniquehot.com\/?p=535687"},"modified":"2023-05-30T12:16:45","modified_gmt":"2023-05-30T12:16:45","slug":"shiba-inu-price-faces-dilemma-as-new-addresses-take-conflicting-positions","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/shiba-inu-price-faces-dilemma-as-new-addresses-take-conflicting-positions\/","title":{"rendered":"Shiba Inu Price Faces Dilemma As New Addresses Take Conflicting Positions"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Shiba Inu (SHIB) finds itself amidst a contrasting scenario. Holders of the meme coin and newly emerging addresses are taking conflicting positions, leading to a state of uncertainty.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Some long-standing holders remain steadfast in their belief in the token&#8217;s potential, having weathered its volatile journey thus far. On the other hand, fresh addresses, intrigued by the recent buzz surrounding SHIB, bring with them a mix of skepticism and curiosity. This contrasting sentiment within the community creates a dynamic landscape, ripe with possibilities.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, there remains a glimmer of hope as the trust of whales and the potential for wider adoption may play crucial roles in shaping the future of the token.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/pepecoin-drops-to-critical-level\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Pepecoin Eyes Rebound As It Finds Support In Strong Algorithm Data Score<\/a><\/div>\n<h2><strong>New Addresses Up, Signaling Growing Interest In SHIB<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">The Shiba Inu ecosystem recently witnessed a notable development as the number of new addresses on the SHIB network reached 2,538 on May 26, according to <\/span><a href=\"https:\/\/studio.glassnode.com\/metrics?a=SHIB&amp;category=Addresses&amp;m=addresses.NewNonZeroCount&amp;s=1675119600&amp;u=1685314799&amp;zoom=\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Glassnode<\/span><\/a><span style=\"font-weight: 400\">. This figure represents the highest influx of new participants or investors into the SHIB ecosystem since February.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Such a surge in new addresses indicates a growing interest in the SHIB token and potentially impacts the market dynamics. Furthermore, it serves as evidence of increased demand for the token within the crypto community.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-535692 size-large\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/a-167.png?resize=860%2C480\" alt=\"\" width=\"860\" height=\"480\"><\/p>\n<pre style=\"text-align: center\">Source: Glassnode<\/pre>\n<h2><strong>Long-Term Shiba Inu Holders Face Challenges<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">While the entry of new participants is a positive sign for the SHIB ecosystem, the same cannot be said for long-term holders of the token. <\/span><a href=\"https:\/\/app.intotheblock.com\/coin\/SHIB\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">IntoTheBlock<\/span><\/a><span style=\"font-weight: 400\"> data reveals that approximately 78% of SHIB holders currently find themselves in a position of loss.\u00a0<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-535696\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/a-170.png?resize=227%2C221\" alt=\"\" width=\"227\" height=\"221\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/a-170.png?w=227 227w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/a-170.png?w=46 46w\" sizes=\"auto, (max-width: 227px) 100vw, 227px\"><\/p>\n<pre style=\"text-align: center\">Source: IntoTheBlock<\/pre>\n<p><span style=\"font-weight: 400\">This indicates that the majority of long-term SHIB holders have seen a decline in the value of their investments, which can be disheartening for those who have been holding onto the token for an extended period.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-535693\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/a-168.png?resize=1127%2C62\" alt=\"\" width=\"1127\" height=\"62\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/a-168.png?w=1127 1127w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/a-168.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/a-168.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/a-168.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/a-168.png?w=750 750w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-535694\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/a-169.png?resize=744%2C84\" alt=\"\" width=\"744\" height=\"84\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/a-169.png?w=744 744w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/a-169.png?w=460 460w\" sizes=\"auto, (max-width: 744px) 100vw, 744px\"><\/p>\n<pre style=\"text-align: center\">Source: Coingecko<\/pre>\n<p><span style=\"font-weight: 400\">At present, the price of SHIB stands at $0.00000877, as per <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/shiba-inu\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CoinGecko<\/span><\/a><span style=\"font-weight: 400\">. However, recent market movements have caused some fluctuations in its value. Over a span of 24 hours, SHIB experienced a subtle decline of 0.8%, followed by a week-long decline of 3.0%.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/www.tradingview.com\/x\/ZP43J3Nx\/\" width=\"2047\" height=\"979\"><\/p>\n<pre style=\"text-align: center\">SHIB total market cap at $5.07 billion on the daily chart at <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<h3><strong>Long-Term Value In The Meme Coin<\/strong><\/h3>\n<p><span style=\"font-weight: 400\">The current surge in new addresses and sustained interest from Ethereum whales in SHIB reflects a contrasting narrative to its abysmal performance over the past year and in the preceding months.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Despite this historical underperformance, insights from a crypto market analysis platform revealed that a staggering 80% of SHIB holders possess significant amounts of tokens in their portfolios. Additionally, data from <\/span><a href=\"https:\/\/www.whalestats.com\/analysis-of-the-top-100-eth-wallets\/holding\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">WhaleStats<\/span><\/a><span style=\"font-weight: 400\"> demonstrated that SHIB remained the most frequently traded token by Ethereum whales within the past 24 hours.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/floki-inu-does-meme-coin-have-what-it-takes-to-re-enter-top-100-spot\/\"> Floki Inu: Does Meme Coin Have What It Takes To Re-Enter Top 100 Spot?<\/a><\/div>\n<p><span style=\"font-weight: 400\">These findings suggest that despite SHIB&#8217;s lackluster performance, there remains considerable interest and confidence among influential market players, such as Ethereum whales. This sustained interest from these cohorts implies that they view SHIB as a potentially valuable asset to hold in the long term.\u00a0<\/span><\/p>\n<p><em>(This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk)<\/em><\/p>\n<p><em>-Featured image from MIT Sloan Management Review<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu (SHIB) finds itself amidst a contrasting scenario. Holders of the meme coin and newly emerging addresses are taking conflicting positions, leading to a state of uncertainty. Some long-standing holders remain steadfast in their belief in the token&#8217;s potential, having weathered its volatile journey thus far. On the other hand, fresh addresses, intrigued by the recent buzz surrounding SHIB, bring with them a mix of skepticism and curiosity. This contrasting sentiment within the community creates a dynamic landscape, ripe with possibilities. However, there remains a glimmer of hope as the trust of whales and the potential for wider adoption may play crucial roles in shaping the future of the token. Related Reading: Pepecoin Eyes Rebound As It Finds Support In Strong Algorithm Data Score New Addresses Up, Signaling Growing Interest In SHIB The Shiba Inu ecosystem recently witnessed a notable development as the number of new addresses on the SHIB network reached 2,538 on May 26, according to Glassnode. This figure represents the highest influx of new participants or investors into the SHIB ecosystem since February.\u00a0 Such a surge in new addresses indicates a growing interest in the SHIB token and potentially impacts the market dynamics. Furthermore, it serves as evidence of increased demand for the token within the crypto community. Source: Glassnode Long-Term Shiba Inu Holders Face Challenges While the entry of new participants is a positive sign for the SHIB ecosystem, the same cannot be said for long-term holders of the token. IntoTheBlock data reveals that approximately 78% of SHIB holders currently find themselves in a position of loss.\u00a0 Source: IntoTheBlock This indicates that the majority of long-term SHIB holders have seen a decline in the value of their investments, which can be disheartening for those who have been holding onto the token for an extended period. Source: Coingecko At present, the price of SHIB stands at $0.00000877, as per CoinGecko. However, recent market movements have caused some fluctuations in its value. Over a span of 24 hours, SHIB experienced a subtle decline of 0.8%, followed by a week-long decline of 3.0%.\u00a0 SHIB total market cap at $5.07 billion on the daily chart at TradingView.com Long-Term Value In The Meme Coin The current surge in new addresses and sustained interest from Ethereum whales in SHIB reflects a contrasting narrative to its abysmal performance over the past year and in the preceding months.\u00a0 Despite this historical underperformance, insights from a crypto market analysis platform revealed that a staggering 80% of SHIB holders possess significant amounts of tokens in their portfolios. Additionally, data from WhaleStats demonstrated that SHIB remained the most frequently traded token by Ethereum whales within the past 24 hours. Related Reading: Floki Inu: Does Meme Coin Have What It Takes To Re-Enter Top 100 Spot? These findings suggest that despite SHIB&#8217;s lackluster performance, there remains considerable interest and confidence among influential market players, such as Ethereum whales. This sustained interest from these cohorts implies that they view SHIB as a potentially valuable asset to hold in the long term.\u00a0 (This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk) -Featured image from MIT Sloan Management Review<\/p>\n","protected":false},"author":557,"featured_media":535697,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1144,8686,83767,4735,84473,83667],"class_list":["post-535687","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-btcusd","tag-ethusd","tag-meme-coins","tag-price-action","tag-shib-price","tag-shiba-inu"],"acf":[],"yoast_head":"\n<title>Shiba Inu Price: New Addresses Take Conflicting Positions<\/title>\n<meta name=\"description\" content=\"Shiba Inu (SHIB) finds itself amidst a contrasting scenario. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu Price Faces Dilemma As New Addresses Take Conflicting Positions","url":"http:\/\/uniquehot.com\/news\/shiba-inu-price-faces-dilemma-as-new-addresses-take-conflicting-positions\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/shiba-inu-price-faces-dilemma-as-new-addresses-take-conflicting-positions\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/a-171.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/a-171.png?fit=661%2C442"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","ethusd","meme coins","price action","shib price","shiba inu"],"dateCreated":"2023-05-30T12:16:45Z","datePublished":"2023-05-30T12:16:45Z","dateModified":"2023-05-30T12:16:45Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu Price Faces Dilemma As New Addresses Take Conflicting Positions\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/shiba-inu-price-faces-dilemma-as-new-addresses-take-conflicting-positions\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/shiba-inu-price-faces-dilemma-as-new-addresses-take-conflicting-positions\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/a-171.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/a-171.png?fit=661%2C442\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"ethusd\",\"meme coins\",\"price action\",\"shib price\",\"shiba inu\"],\"dateCreated\":\"2023-05-30T12:16:45Z\",\"datePublished\":\"2023-05-30T12:16:45Z\",\"dateModified\":\"2023-05-30T12:16:45Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/05\/a-171.png?fit=661%2C442","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/535687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=535687"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/535687\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/535697"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=535687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=535687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=535687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}