The recent crypto market downturn has left a significant number of investors in Shiba Inu (SHIB) and other cryptocurrencies with losses. Data from IntoTheBlock reveals that 83% of SHIB investors are currently in the red, despite the launch of Shibarium last month. SHIB’s price has dropped by almost 6% in the last seven days, trading at $0.000007392 at the time of writing.
Similar statistics are observed for other Dogecoin competitors as well. Only 11% and 10% of Shiba Inu and Floki traders, respectively, are in profit. Additionally, Dogelon Mars and Doge Killer holders are also struggling, with only 14% and 19% experiencing gains. In comparison, Dogecoin and Pepe investors seem to be in a relatively better position, with 42% and 21% in profit.
Expanding beyond these specific cryptocurrencies, the general trend of investors facing losses extends across a wide range of digital assets. This further emphasizes the overall market decline and the inherent volatility and unpredictability of the cryptocurrency market.
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