Shiba Inu (SHIB) Profitability Is Finally Back at Double-Digit Level


17 Sep 2023 1:55 PM

Shiba Inu finally showing signs of recovery...

  • Shiba Inu, the meme coin, is showing signs of life again after a period of low profitability.
  • The coin has clawed its way back to a 10% profitability mark, which is a significant improvement.
  • Long-term holders have been carrying Shiba Inu as a burden, but the recent uptick in profitability is a positive development.
  • The current price of Shiba Inu is at a neutral short-term level, indicating a passive approach among investors.
  • Shiba Inu does not have a significant presence in the DeFi landscape.

The article highlights the recent improvement in profitability for Shiba Inu, which is seen as a positive development for long-term holders. However, it also mentions the potential risk of a price drop if everyone starts selling. Overall, the sentiment is cautiously optimistic.

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You May Ask

What is the current profitability of Shiba Inu?How have long-term holders been affected by Shiba Inu's performance?What is the potential risk associated with selling Shiba Inu?Does Shiba Inu have a significant presence in the DeFi landscape?What is the current price of Shiba Inu?

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