2022 – New Record Highs for Shiba Inu Buying Pressure from CoinQuora


© Reuters. New record highs for Shibaa Inu buying pressure

  • Trading volume hit and exceeded 70% for the first time in two months yesterday.
  • Shiba Inu was hit hard during the stock market crash a few weeks ago.
  • Shiba Inu’s trading volume is down 40.98% in the last 24 hours.

A huge drop of more than 30% occurred in Shiba Inu about two weeks ago when the price dropped below $29,000 at the same time. The coin came perilously close to posting a ‚Äúzero‚ÄĚ in the indexes, but managed to avoid doing so as the market started to rally.

Despite this, investors continue to expand their holdings of cryptocurrencies. On Coinbase (NASDAQ:), SHIB’s trading activity has reached new heights with 77% of investors categorizing it as buying and only 23% leaving it for sale.

Since March, buying pressure from SHIB could…

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