{"id":252801,"date":"2022-08-20T09:00:53","date_gmt":"2022-08-20T03:30:53","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=252801"},"modified":"2024-01-26T12:50:29","modified_gmt":"2024-01-26T07:20:29","slug":"will-history-repeat-itself-for-shiba-inu-long-term-holders","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/will-history-repeat-itself-for-shiba-inu-long-term-holders\/","title":{"rendered":"Will history repeat itself for Shiba Inu [SHIB] long-term holders"},"content":{"rendered":"

Shiba Inu [SHIB]<\/span> fell to number thirteen in market value according to CoinMarketCap as the meme coin price plunged. <\/span><\/p>\n

The altcoin, which has recently enjoyed moments of sustained rallies, was trading at $0.0000128 at press time. This price represented a 12.91% <\/span>decrease <\/span><\/a>from its 24-hour status.<\/span><\/p>\n

Before the capitulation, SHIB was largely in the greens. Between 14 August and 15 August, SHIB increased from $0.0000126 to hit $0.0000174. Despite some decline, the altcoin was able to sustain a good level at $0.0000148 up until 18 August.<\/span><\/p>\n

While the reason for this fall might have been related to the Bitcoin [BTC]<\/a> price decrease, other things occurred.<\/span><\/p>\n

Time to redeem<\/strong><\/h3>\n

According to Santiment, both Dogecoin [DOGE] and Shiba Inu [SHIB] have both been the \u201cvictims\u201d of profit-taking whales.<\/span><\/p>\n

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\ud83d\udc33 #Dogecoin<\/a> and #Shibainu<\/a> have both experienced major price corrections after their respective Tuesday and Sunday tops. As is often the case, the whales foreshadowed the ideal profit taking moments when their large transactions exploded on each network. https:\/\/t.co\/6QoIoxkknt<\/a> pic.twitter.com\/p3BAMjcav1<\/a><\/p>\n

— Santiment (@santimentfeed) August 19, 2022<\/a><\/p><\/blockquote>\n