🚀 Here are Shiba Inu Holders in Profit as SHIB Trades Above $0.00001 for Nine Straight Days

In a noteworthy streak, Shiba Inu (SHIB) has maintained its position above the psychologically significant $0.00001 mark for an impressive nine days straight. This milestone is fueling optimism among holders, hinting at a potential spotlight moment for the cryptocurrency akin to recent surges in other altcoins.

📈 Profitable Territory: 39% of SHIB Holders in the Green!

Trading consistently above $0.00001 has translated into increased profitability for SHIB holders. According to insights from blockchain analytics provider IntoTheBlock, a solid 39% of SHIB addresses are currently "in the money." This marks a 2% rise from the previous week, showcasing a positive trend despite SHIB's relatively stable value.

🔄 Strategic Moves: Holder Actions Drive Increased Profitability

The uptick in profitability suggests strategic moves by holders, potentially adding to their positions to lower average purchase prices. Notably, this occurred in a week where SHIB's value did not experience significant spikes.

📊 Holding the Line: SHIB Investors Eye Long-Term Gains

With over 1.36 million addresses holding SHIB, it remains one of the most widely held cryptocurrencies. Despite 53% of these addresses currently being unprofitable, on-chain data reveals a resolute stance among SHIB holders. A striking 75% of investors have maintained their SHIB holdings for an average of one year, indicating a focus on long-term gains.

💡 Optimistic Outlook: SHIB's Potential Upside

While SHIB still lingers more than 87% below its all-time high of $0.00008845 in October 2021, holders remain optimistic. A potential return to this range could represent a staggering 700% increase in SHIB's current value. Such optimism is grounded in the possibility of a fully bullish market scenario.

🚀 Hold Tight: The Shiba Inu Saga Continues! Follow The Blockopedia for Real-time Updates!

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