Shiba Inu’s valuation might have declined lately, but it remains well in the green on a weekly scale. Additionally, the price is up a staggering 125% on a yearly basis, which has benefited numerous investors.

Currently, 52% of the SHIB holders are sitting on paper profits, while 46% are in the red. This is an impressive comeback compared to the stats recorded in September 2023. Back then, almost 90% of the Shiba Inu investors were underwater.

Some analysts believe the price of the asset is yet to reach new dimensions. Earlier this year, the X user Rekt Capital predicted that the valuation might explode by triple digits should it surpass the critical resistance level of $0.00002741. Recall that SHIB briefly conquered the depicted level at the end of May