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Fundamental Shiba Inu (SHIB) Metric Making Comeback
A recent analysis of the market dynamics suggests a fundamental metric in the Shiba Inu (SHIB) ecosystem is showing signs of improvement. The short-term holders’ metric, which measures the number of addresses holding SHIB for a relatively short period, has started to rise. This development provides hope for the cryptocurrency’s future prospects.
Despite ongoing challenges and market uncertainty, this metric serves as a crucial indicator of investor sentiment. As more addresses join the ranks of short-term holders, it is essential to monitor these levels closely in the days ahead. If this trend continues and receives additional support from the broader market, SHIB may potentially break through its current resistance levels and attract further capital.
At present, patience is key. It is critical to keep a close eye on market developments and be prepared for any potential changes.
Source: u.today
