SHIB erases nearly $2 billion from its market cap in a month
Even though many assets in the cryptocurrency market have started to slowly recover from the recent dip amid sideways trading, Shiba Inu (SHIB) has been among those that have continued to register losses, particularly in terms of its market capitalization. Specifically, the dog meme cryptocurrency has lost $1.85 billion from its market cap across the past month , slipping from $6.1 billion , where it stood on August 14, to the current $4.25 billion , as of the latest data from crypto monitoring platform CoinMarketCap on September 13. SHIB 30-day market cap chart. Source: CoinMarketCap On top of that, only 9% of all SHIB holders are currently in profit, as opposed to 89% of them who are sitting on unrealized losses, according to the most recent information retrieved from the crypto analytics platform IntoTheBlock. SHIB holders making money at current price. Source: IntoTheBlock SHIB price analysis Meanwhile, Shiba Inu was at press time changing hands at the price of $0.00000...