The world of cryptocurrencies is dynamic, and #shibaInu (SHIB) is no exception. According to recent metrics, the In/Out Of #Money Around Price (IOMAP) indicator points to a significant level at $0.000008, where approximately 26 trillion SHIB tokens are currently located.
The IOMAP indicator is a useful tool for understanding the distribution of a cryptocurrency across different price levels. It identifies the average cost at which tokens were purchased for any address with a balance. If the current price is higher than this average cost, the address is considered "In the Money." If the current price is lower, the address is "Out of the Money." The indicator analyzes clusters within a range of +/- 15% of the current price.
At present, SHIB's price level is hovering around $0.0000078.