In a recent report by a market intelligence firm, it has been revealed that investors in Shiba Inu (SHIB) and another popular memecoin are still facing challenges despite recent market movements.
Shiba Inu (SHIB):
• 79% of SHIB holders find themselves in the red, while only 17% are currently making profits.
• Interestingly, a whopping 71% of Shiba Inu investors have held onto this digital asset for over a year, demonstrating their long-term commitment. Another 27% have been holding it for 1 to 12 months, and only a tiny 2% for less than a month.
Floki (FLOKI):
• 65% of Floki holders are currently underwater, with only 27% seeing positive returns and 8% remaining neutral.
• Despite this, Floki has experienced an impressive surge of 115% in price over the past few days. As of now, it is trading at $0.000037, reflecting a gain of 15.5% within the last 24 hours. Notably, on October 20th, the crypto asset was valued at just $0.0000178, less than half its current price.
Additionally, Floki recently made waves by announcing the launch of TokenFi, a platform aimed at simplifying asset tokenization. The project aspires to become a leading tokenization platform globally.
Meanwhile, Shiba Inu continues to trade at $0.000008, showing a fractional increase over the last day.
