• bitcoinBitcoin (BTC) $ 83,179.00
  • ethereumEthereum (ETH) $ 1,907.03
  • tetherTether (USDT) $ 0.999859
  • xrpXRP (XRP) $ 2.34
  • bnbBNB (BNB) $ 627.64
  • solanaSolana (SOL) $ 127.59
  • usd-coinUSDC (USDC) $ 0.999857
  • cardanoCardano (ADA) $ 0.719068
  • dogecoinDogecoin (DOGE) $ 0.171366
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  • staked-etherLido Staked Ether (STETH) $ 1,904.52
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  • wrapped-stethWrapped stETH (WSTETH) $ 2,286.03
  • hedera-hashgraphHedera (HBAR) $ 0.191357
  • avalanche-2Avalanche (AVAX) $ 18.47
  • shiba-inuShiba Inu (SHIB) $ 0.000013
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  • litecoinLitecoin (LTC) $ 92.81
  • mantra-daoMANTRA (OM) $ 6.84
  • bitcoin-cashBitcoin Cash (BCH) $ 336.83
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  • ethena-usdeEthena USDe (USDE) $ 0.999187
  • bitget-tokenBitget Token (BGB) $ 4.42
  • wethWETH (WETH) $ 1,906.81
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • hyperliquidHyperliquid (HYPE) $ 13.74
  • whitebitWhiteBIT Coin (WBT) $ 28.46
  • wrapped-eethWrapped eETH (WEETH) $ 2,027.09
  • moneroMonero (XMR) $ 210.96
  • uniswapUniswap (UNI) $ 6.20
  • susdssUSDS (SUSDS) $ 1.04
  • aptosAptos (APT) $ 5.37
  • daiDai (DAI) $ 0.999540
  • nearNEAR Protocol (NEAR) $ 2.54
  • pepePepe (PEPE) $ 0.000007
  • okbOKB (OKB) $ 48.67
  • mantleMantle (MNT) $ 0.834907
  • internet-computerInternet Computer (ICP) $ 5.75
  • ondo-financeOndo (ONDO) $ 0.850361
  • gatechain-tokenGate (GT) $ 21.71
  • ethereum-classicEthereum Classic (ETC) $ 17.82
  • aaveAave (AAVE) $ 170.11
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 83,139.00
  • crypto-com-chainCronos (CRO) $ 0.088034
  • tokenize-xchangeTokenize Xchange (TKX) $ 30.33
  • official-trumpOfficial Trump (TRUMP) $ 11.27
  • vechainVeChain (VET) $ 0.025227
  • bittensorBittensor (TAO) $ 248.66
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998548
  • cosmosCosmos Hub (ATOM) $ 4.62
  • ethenaEthena (ENA) $ 0.366932
  • kaspaKaspa (KAS) $ 0.073470
  • filecoinFilecoin (FIL) $ 2.92
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.215781
  • celestiaCelestia (TIA) $ 3.37
  • fasttokenFasttoken (FTN) $ 3.99
  • render-tokenRender (RENDER) $ 3.18
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 83,042.00
  • algorandAlgorand (ALGO) $ 0.190736
  • arbitrumArbitrum (ARB) $ 0.366196
  • sonic-3Sonic (prev. FTM) (S) $ 0.493938
  • arbitrum-bridged-usdt-arbitrumArbitrum Bridged USDT (Arbitrum) (USDT) $ 1.00
  • story-2Story (IP) $ 5.48
  • optimismOptimism (OP) $ 0.864276
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  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.518248
  • kucoin-sharesKuCoin (KCS) $ 11.08
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 83,024.00
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,909.39
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 1,979.77
  • movementMovement (MOVE) $ 0.443843
  • nexoNEXO (NEXO) $ 1.06
  • xdce-crowd-saleXDC Network (XDC) $ 0.067664
  • makerMaker (MKR) $ 1,204.16
  • immutable-xImmutable (IMX) $ 0.574915
  • worldcoin-wldWorldcoin (WLD) $ 0.854154
  • dexeDeXe (DEXE) $ 17.15
  • sei-networkSei (SEI) $ 0.199028
  • usual-usdUsual USD (USD0) $ 0.997811
  • injective-protocolInjective (INJ) $ 9.76
  • blockstackStacks (STX) $ 0.628353
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,141.03
  • binance-staked-solBinance Staked SOL (BNSOL) $ 132.77
  • flare-networksFlare (FLR) $ 0.015203
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  • lido-daoLido DAO (LDO) $ 0.951567
  • bonkBonk (BONK) $ 0.000011
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 82,523.00
  • paypal-usdPayPal USD (PYUSD) $ 0.998949
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,019.75
  • wbnbWrapped BNB (WBNB) $ 628.06
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.50
  • galaGALA (GALA) $ 0.016995
  • tether-goldTether Gold (XAUT) $ 2,988.95
  • eosEOS (EOS) $ 0.489331
  • tezosTezos (XTZ) $ 0.703580
  • berachain-beraBerachain (BERA) $ 6.54
  • stargate-bridged-usdc-berachainStargate Bridged USDC (Berachain) (USDC.E) $ 0.999518
  • the-sandboxThe Sandbox (SAND) $ 0.285547
  • jasmycoinJasmyCoin (JASMY) $ 0.014103
  • bittorrentBitTorrent (BTT) $ 0.00000070
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 82,970.00
  • bitcoin-svBitcoin SV (BSV) $ 33.66
  • jito-governance-tokenJito (JTO) $ 2.17
  • iotaIOTA (IOTA) $ 0.182297
  • flowFlow (FLOW) $ 0.416954
  • kaiaKaia (KAIA) $ 0.109436
  • pax-goldPAX Gold (PAXG) $ 2,995.80
  • usdx-money-usdxStables Labs USDX (USDX) $ 1.00
  • msolMarinade Staked SOL (MSOL) $ 162.49
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 1,981.65
  • flokiFLOKI (FLOKI) $ 0.000061
  • heliumHelium (HNT) $ 3.18
  • curve-dao-tokenCurve DAO (CRV) $ 0.440024
  • neoNEO (NEO) $ 8.02
  • pyth-networkPyth Network (PYTH) $ 0.150934
  • ethereum-name-serviceEthereum Name Service (ENS) $ 16.43
  • axie-infinityAxie Infinity (AXS) $ 3.37
  • resolv-usrResolv USR (USR) $ 1.00
  • zcashZcash (ZEC) $ 34.15
  • kavaKava (KAVA) $ 0.497076
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 139.09
  • beldexBeldex (BDX) $ 0.075672
  • honey-3Honey (HONEY) $ 0.997938
  • raydiumRaydium (RAY) $ 1.75
  • elrond-erd-2MultiversX (EGLD) $ 18.11
  • starknetStarknet (STRK) $ 0.181953
  • telcoinTelcoin (TEL) $ 0.005479
  • decentralandDecentraland (MANA) $ 0.266340
  • roninRonin (RON) $ 0.795966
  • true-usdTrueUSD (TUSD) $ 0.999840
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.760938
  • dogwifcoindogwifhat (WIF) $ 0.479758
  • dydx-chaindYdX (DYDX) $ 0.636183
  • pumpbtcpumpBTC (PUMPBTC) $ 81,377.00
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,020.44
  • arweaveArweave (AR) $ 6.89
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 1,905.10
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 1.00
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.170942
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.006951
  • conflux-tokenConflux (CFX) $ 0.087044
  • chilizChiliz (CHZ) $ 0.044853
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 82,831.00
  • ecasheCash (XEC) $ 0.000022
  • thorchainTHORChain (RUNE) $ 1.22
  • apenftAPENFT (NFT) $ 0.00000042
  • chain-2Onyxcoin (XCN) $ 0.012523
  • apecoinApeCoin (APE) $ 0.512974
  • clbtcclBTC (CLBTC) $ 82,827.00
  • aerodrome-financeAerodrome Finance (AERO) $ 0.517338
  • ousgOUSG (OUSG) $ 110.33
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 1,905.97
  • usdbUSDB (USDB) $ 1.00
  • coredaoorgCore (CORE) $ 0.405746
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  • compound-governance-tokenCompound (COMP) $ 42.87
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  • grassGrass (GRASS) $ 1.35
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 1,904.72
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.868001
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  • aioz-networkAIOZ Network (AIOZ) $ 0.287978
  • akash-networkAkash Network (AKT) $ 1.33
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
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  • binance-peg-busdBinance-Peg BUSD (BUSD) $ 1.01
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  • stakestone-berachain-vault-tokenStakeStone Berachain Vault Token (BERASTONE) $ 1,885.88
  • golemGolem (GLM) $ 0.288523

Investors’ Big Bets Could Save Shiba Inu (SHIB) from Further Decline

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Investors’ Big Bets Could Save Shiba Inu (SHIB) from Further Decline

Despite the volatility and recent challenges that Shiba Inu (SHIB) has faced, the meme coin could be set to withstand potential setbacks. Likewise, SHIB holders, who have dealt with a long period of uncertainty, appear to be keeping hopes alive as the cryptocurrency flashes signs of stability.

Will these investors who have placed sizable bets on SHIB avoid major losses? This on-chain gives details about the possibility.

Shiba Inu Holders Are Buying the Dip

According to data from IntoTheBlock, Shiba Inu’s large holders’ netflow has increased by 265% in the last seven days. This metric gauges if investors are stacking a cryptocurrency in large volume or distributing it.

Assuming the large holders’ netflow dropped from last week’s figure, this would have implied a rise in distribution. Price-wise, this decline might have influenced a drop in the cryptocurrency’s value.

Since the netflow increased significantly, some of the top SHIB holders have purchased more tokens than they have sold. If sustained, this action could drive a price increase for the cryptocurrency.

Investors’ Big Bets Could Save Shiba Inu (SHIB) from Further Decline

Shiba Inu Large Holders Netflow. Source: IntoTheBlock

Currently, SHIB’s price is $0.000013, a 46.58% decrease within the last 90 days. However, according to the Sharpe ratio, cryptocurrency seems to have a chance of producing a better return.

In simple terms, the Sharpe ratio compares the potential return on an investment with its risk. The higher the ratio, the higher the chances of producing a good return. Conversely, when the ratio drops, it implies that the risk might not be worth the potential investment.

According to data from Messari, Shiba Inu’s Sharpe ratio, which was -4.52 on August 5, has since recovered and now stands at 0.58. This notable increase increase suggests that purchasing Shiba Inu (SHIB) at its current value could prove worthwhile, provided broader market conditions stabilize.

Investors’ Big Bets Could Save Shiba Inu (SHIB) from Further Decline

Shiba Inu Sharpe Ratio. Source: Messari

If the positive trend continues, investors who recently added the meme coin to their portfolios might benefit from a potential price surge.

SHIB Price Prediction: A Run to $0.000016 Is Viable

SHIB’s daily chart shows that the token has been in a six-month downtrend. But this ugly reality might soon end. While a quick uptrend might not occur within a short period, it seems unlikely that SHIB would tumble again as it did during the first week of August.

A solid support level at $0.000012 could reinforce this bias, potentially pushing the token toward an upward reversal. As illustrated in the chart below, SHIB’s price could surge to $0.000016 if backed by strong buying pressure.

Investors’ Big Bets Could Save Shiba Inu (SHIB) from Further Decline

Shiba Inu Daily Analysis. Source: TradingView

In a highly bullish market, Shiba Inu (SHIB) could rally toward $0.000020. However, this forecast may be invalidated if large holders cease their recent accumulation. In such a case, SHIB’s price could drop to $0.000010.

Source

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