{"id":299669,"date":"2023-03-24T05:00:21","date_gmt":"2023-03-23T23:30:21","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=299669"},"modified":"2023-03-23T16:48:43","modified_gmt":"2023-03-23T11:18:43","slug":"shiba-inus-shib-slump-may-continue-despite-increased-demand-heres-why","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/shiba-inus-shib-slump-may-continue-despite-increased-demand-heres-why\/","title":{"rendered":"Shiba Inu&#8217;s [SHIB] slump may continue despite increased demand: Here&#8217;s why"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><i><span style=\"font-weight: 400;\">SHIB network growth has stalled for about three weeks<\/span><\/i><\/li>\n<li style=\"font-weight: 400;\"><i><span style=\"font-weight: 400;\">Although long-term holders chose to be resolute, the ecosystem lacked liquid input<\/span><\/i><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">According to Glassnode, new addresses on the <\/span><span style=\"font-weight: 400;\">Shiba Inu [SHIB]<\/span><span style=\"font-weight: 400;\"> ecosystem have trended on the downside since the first week in March. At press time, the number of new addresses was 1,759 \u2014 a notable decline from the 4,575 recorded in February.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Is your portfolio green? Check the <\/span><a href=\"http:\/\/ambcrypto.com\/calculator\/shiba-inu-profit-calculator\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Shiba Inu Profit Calculator<\/span><\/a><\/p>\n<hr \/>\n<p>The drop means that first-time transactions on the network were <a href=\"https:\/\/studio.glassnode.com\/metrics?a=SHIB&amp;category=Addresses&amp;m=addresses.NewNonZeroCount&amp;s=1664397707&amp;u=1679443200&amp;zoom=\" target=\"_blank\" rel=\"noopener\">relatively absent,<\/a> as new investors did not consider SHIB worthy of addition.<\/p>\n<figure id=\"attachment_299671\" aria-describedby=\"caption-attachment-299671\" style=\"width: 1800px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/glassnode-studio_shiba-inu-number-of-new-addresses.png\"><img decoding=\"async\" class=\"size-full wp-image-299671\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/glassnode-studio_shiba-inu-number-of-new-addresses.png\" alt=\"Shiba Inu number of new addresses\" width=\"1800\" height=\"1013\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/glassnode-studio_shiba-inu-number-of-new-addresses.png 1800w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/glassnode-studio_shiba-inu-number-of-new-addresses-300x169.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/glassnode-studio_shiba-inu-number-of-new-addresses-1024x576.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/glassnode-studio_shiba-inu-number-of-new-addresses-768x432.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/glassnode-studio_shiba-inu-number-of-new-addresses-1536x864.png 1536w\" sizes=\"(max-width: 1800px) 100vw, 1800px\" \/><\/a><figcaption id=\"caption-attachment-299671\" class=\"wp-caption-text\">Source: Glassnode<\/figcaption><\/figure>\n<h3><b>Shibarium: Unable to save the day<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The press time situation of the token was one that the crypto community met with surprise. Just a few weeks ago, the meme community was agog about the <\/span><a href=\"http:\/\/ambcrypto.com\/shiba-inu-reacts-as-concerns-over-shibarium-arise-within-the-community\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Shibarium<\/span><\/a><span style=\"font-weight: 400;\"> beta launch. But all that hype has been quenched even though the final ecosystem has been set in motion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the SHIB&#8217;s <\/span><a href=\"https:\/\/app.santiment.net\/charts\/rLfMzbh0__sCl\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">activities on exchanges<\/span><\/a><span style=\"font-weight: 400;\">\u00a0have been quite odd. According to Santiment, only a few occasions have ended in an inflow and outflow spike since September 2022.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But as of 23 March, the SHIB exchange inflow reached 2.18 trillion. Such a high value indicated increased selling pressure and possible volatility for derivative traders. On the other hand, the exchange outflow seems to have neutralized the effect even before the aforementioned data.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On 20 March, the exchange outflow was 24.96 trillion. Three days later, it repeated a similar feat at 19.92 trillion. As opposed to the exchange inflow, the outflow reflects decreasing sell pressure.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Though both had reduced in the interim, the outflow surpassed the inflow at press time. This means that more SHIB investors were willing to hold instead of letting go of the tokens. However, that is no guarantee that it to keep <\/span><a href=\"http:\/\/ambcrypto.com\/chatgpt-shiba-inu-price-prediction\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">SHIB<\/span><\/a><span style=\"font-weight: 400;\"> from falling further.<\/span><\/p>\n<figure id=\"attachment_299673\" aria-describedby=\"caption-attachment-299673\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Bitcoin-BTC-10.46.43-23-Mar-2023.png\"><img decoding=\"async\" class=\"size-full wp-image-299673\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Bitcoin-BTC-10.46.43-23-Mar-2023.png\" alt=\"SHIB exchange inflow and outflow\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Bitcoin-BTC-10.46.43-23-Mar-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Bitcoin-BTC-10.46.43-23-Mar-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Bitcoin-BTC-10.46.43-23-Mar-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Bitcoin-BTC-10.46.43-23-Mar-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Bitcoin-BTC-10.46.43-23-Mar-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Bitcoin-BTC-10.46.43-23-Mar-2023-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-299673\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<h3><b>SHIB is not liquid enough<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The new addresses were not the only starved metric on the Shiba Inu network. A deep dive into the on-chain data showed that active addresses have also been lagging. The metric describes the number of participants in successful transactions on a network.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Realistic or not, here\u2019s <\/span><a href=\"http:\/\/ambcrypto.com\/calculator\/marketcap\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">SHIB\u2019s market cap in ETH\u2019S terms<\/span><\/a><\/p>\n<hr \/>\n<p>At press time, the 30-day active addresses were down to 106,000. This implied that SHIB users had <a href=\"https:\/\/app.santiment.net\/charts\/rLfMzbh0__sCl\" target=\"_blank\" rel=\"noopener\">avoided transacting<\/a> with the token. This could be due to SHIB\u2019s underperformance, which has resulted in an a18.65% fall within the same timeframe.<\/p>\n<p><span style=\"font-weight: 400;\">In addition, the Mean Dollar Invested Age over the last 90 days reached its lowest. With a value of 22.52, it implied that the average amount of money invested into SHIB was not encouraging. This confirmed <\/span><span style=\"font-weight: 400;\">that either on the fence or entirely unimpressed by the SHIB position.<\/span><\/p>\n<figure id=\"attachment_299670\" aria-describedby=\"caption-attachment-299670\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Bitcoin-BTC-11.25.09-23-Mar-2023.png\"><img decoding=\"async\" class=\"size-full wp-image-299670\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Bitcoin-BTC-11.25.09-23-Mar-2023.png\" alt=\"Shiba Inu active addresses and Mean Coin Invested Age\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Bitcoin-BTC-11.25.09-23-Mar-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Bitcoin-BTC-11.25.09-23-Mar-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Bitcoin-BTC-11.25.09-23-Mar-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Bitcoin-BTC-11.25.09-23-Mar-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Bitcoin-BTC-11.25.09-23-Mar-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/03\/Bitcoin-BTC-11.25.09-23-Mar-2023-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-299670\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>SHIB network growth has stalled for about three weeks Although long-term holders chose to be resolute, the ecosystem lacked liquid input According to Glassnode, new addresses on the Shiba Inu [SHIB] ecosystem have trended on the downside since the first week in March. At press time, the number of new addresses was 1,759 \u2014 a<a href=\"https:\/\/ambcrypto.com\/shiba-inus-shib-slump-may-continue-despite-increased-demand-heres-why\/\">Continue reading <span class=\"sr-only\">&#8220;Shiba Inu&#8217;s [SHIB] slump may continue despite increased demand: Here&#8217;s why&#8221;<\/span><\/a><\/p>\n","protected":false},"author":72,"featured_media":299679,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-299669","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Shiba Inu&#039;s [SHIB] slump may continue despite increased demand: Here&#039;s why - 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