🤔💰Has the time come to buy Shiba Inu, the biggest competitor of $DOGE ?

📉💬$SHIB once demonstrated price movement, making many of its investors wealthy, and then settling down and starting to decline. Since then, this sharp decline has sparked debates among analysts about its true value.

🤷‍♂️💎The Future of Shiba Inu

There is still uncertainty about the price of SHIB. While some analysts claim that SHIB is undervalued, others believe that SHIB is nothing more than an overvalued #cryptocurrency .

📊🚀However, recent data has provided analysts with the opportunity to shed light on the potential value of SHIB and what it can achieve in the future.

📈🔍One indicator confirming the low price of SHIB is the NVT ratio, as provided by IntoTheBlock. Currently, when calculating the NVT ratio for SHIB, it seems to have dropped from the highest level of the past year, which was 788.59, to 172.

💵💹Considering this situation, it can be assumed that the value of SHIB may be lower compared to other cryptocurrencies because the amount of value transacted on the blockchain is relatively low compared to its market value.

💼📉When examining the MVRV ratio for SHIB, it stands at 0.34. This ratio looks significantly lower compared to the past. Based on this, it would be wrong to say that many SHIB investors are currently at a loss. This strengthens the view that SHIB may have experienced excessive selling and may indicate a potential buying opportunity for investors.

🚨📈SHIB, which is still relatively new in the world of cryptocurrencies and lacks a deep history compared to other cryptocurrencies, can be considered to have a higher risk factor compared to its competitors.

🚫💼🔍Disclaimer: The information is based on content provided by en.coin-turk.com, and the author of the post is not responsible. Do not take the content above as financial advice; everything written here is intended for informational purposes only. Before making a decision, conduct your own research.