Shiba Inu (SHIB), which came out in August 2020, will have a glorious year in 2021. According to CoinGecko data , the price of Shiba Inu once soared to an ATH-All Time High of $0.00008616 in October 2021, when the market value of Shiba Inu soared above 40 billion The U.S. dollar became the top 10 cryptocurrencies by market value, and even squeezed out Dogecoin (Doge) for a time.
However, since then, the price of Shiba Inu has continued to decline, and the current price is only US$0.00000864, which has plummeted by about 90% from ATH high. According to data from IntoTheBlock, as many as 81% of SHIB holders are currently at a loss, another 16% are in profit, and 3% are in a break-even state.
In addition, Floki, which was just launched on Binance in May this year and has the same name as Musk Shiba Inu, is not easy for its investors. According to CoinGeckodata , the price of Floki also soared to an ATH-All Time High of $0.00033651 in November 2021, but then continued to fall. The current price is $0.00003178, a 90.5% drop from ATH-All Time High.
According to IntoTheBlock data , up to 78% of SHIB holders are currently at a loss, another 24% are in profit, and 9% are in a break-even state.
The project is still under construction
Despite the sluggish performance of Shiba Inucoin and Floki, the project party is still continuing to build. Its metaverse project " SHIB: The Metaverse " is expected to be launched in December this year. Renewing the futures contract, Kraken Pro further announced on the 2nd that it will provide 0% pending order fee and 0.01% order taker fee for Shiba Inu trading in the next 100 days.
Further reading: What is Shiba Inu Metaverse? How to buy SHIB land, detailed explanation of three-stage NFT auction
At the same time, Floki officially announced this week, announcing the establishment of a strategic partnership with Binance Pay, the world's largest cryptocurrency exchange, to pay through Binance from June 1. A strategic marketing campaign to promote the adoption of Floki.
