It looks like Shiba Inu has proved the world wrong again. As the crypto market starts to recover the leader of the pack is the Shiba Inu Token. While most other coins still show negative on the 7 Day Chart, Shiba Inu, when last checked, was up 26.4%. When we look at Ethereum at the same point in time it is down 8.67% while BTC is down 6.54%. This shows the strength and the resolve in the Shib Army and the faith in the devs as the project has many announcements coming soon.
If we look at the data from Coinbase we can see that Shiba Inu Token is paced to make a massive recovery once the markets rebound. Volume over the last 24 Hours is up 140% which is the largest increase for crypto that we could find for the week. Another positive note is the number of days that people are holding their Shib on Central Exchanges. 147 DAYS! This is incredible and shows the stability of the token to be in a class of its own and not a pump and dump as so many had claimed in the early days of the launch. One of the most valuable insights into data is that Trading activity, or the buy vs sell, is now at 77% Buying and only 23% selling. Over the last few months, only about 3% of the days was this reversed. Finally, we can see that the popularity of the token is now back up to #11 out of all cryptocurrencies.
All of this comes at a time when the Shib Army is still awaiting SHIBARIUM to be released. Once this revolutionary L2 is unleashed on the world the price action of the Shiba Inu ecosystem is unmeasurable. This is because we would be in uncharted territory. Could Shiba Inu hit an ATH? No one can say 100% either way but the data that we can see gives u s very optimistic outlook for the Shiba Inu Token.