If you buy SHIB for $100 every 14 days for a year, you will have lost $500. This analysis is difficult to swallow, but it must be done effectively.
A declining asset
Despite the fact that SHIB is becoming more and more well-known thanks to its sizable army of supporters known as the SHIB Army, the crypto-meme is having a very difficult time coping with market volatility, and the present market’s gloom isn’t helping matters either. The average dollar cost of SHIB during the previous twelve months suggests that one would have made an investment at a loss, according to the DCA datacrypto. For instance, if someone were to invest $100 every 14 days from June 2021 to current month (June 2022), they would have invested $2700; nevertheless, the value in SHIB would have been $2,190.65. The investor will have lost $509.35, or 18.86 percent, of his initial investment. The information does not give a complete picture of the issue when it is given in this manner. Let’s clarify a few things. Only five of the 27 fortnights we would have invested in would have been losses; the other 22 are profitable. Particularly as a result of Terra’s collapse, followed by Celsius and the others, the last three fortnights have witnessed the highest losses.
SHIB no longer attracts US investors
SHIB is one of the cryptocurrencies that Americans are disenchanted with, according to data from a Google Trends investigation carried out by Los Muertos. In actuality, American investors are the most eager to liquidate their Shib shares.
Separately, the demand for the meme coin collapsed earlier this month, causing SHIB to lose nearly 20,000 holders in a week from June 2 to June.
As a result, the hype around cryptocurrency has subsided over time. According to information from Coingecko, SHIB was trading at $0.00001179 as of this writing, up 52.5 percent over the previous seven days and 2.6 percent over the previous 24 hours. This price increase is a great sign that the worth of the cryptocurrency is on the rise.
The Shibarium, a level 2 blockchain that was previously announced for this month of June, is being prepared by the SHIB community despite the fact that it does not currently have a sponsor of the caliber of Elon Musk, as is the case for Dogecoin. Shib Inu still has substantial communities in nations like Turkey, despite the fact that it has lost a lot of investors in the United States.
