Shiba Inu Team Team I'm stressing it again The importance of ecosystem growth suggests that these fundamentals attract people who value their assets.
The broader crypto market has witnessed a period of cohesive price action, with Shiba Inu (Shib) and its ecosystem tokens not escaping the consolidation spell.
Pessimism amid the downward trend of Shiba inu
Especially after hitting the local top for $0.00001765 last week. Shiba Inu We spent most of the week on well-restrained trends amidst sustained bear pressure in the wider market. Shiv lost 5.72% of its value last week, already down another 4.87% this week.
In particular, Shibaswap Dex's governance token, Bone Shibaswap (Bone), also fell to 14% last week, down 5.17% this week. Similarly, Treat has dropped by more than 24% since last week, while Doge Killer (Leash) has dropped by 19% over the same time frame.
However, this downtrend is not endemic to Shiba Inu's ecosystem, as the Altcoin market has lost over $30 billion in valuation since last week. Despite this reality, emotions are sour within the Shiba Inu community, with some investors demanding some action.
“You can't force people to choose you.”
In this context, Shiba Inu Marketing Lead Lucie took X to X suggest The team and builders behind a Crypto project cannot force investors to choose or love the project. She says no one can force an investor to buy the token. This lies behind the growing pessimism among some supporters.
Lucy of x
But instead of focusing on these aspects of the market, Lucy argued that builders could continue to grow and improve. Especially in the Shiba Inu Ecosystem team This growth culture was a continuous priorityand the introduction of projects such as Shibarium and currently under development.
Lucy has grown, improved, and Developments like these It's enough to hold the token and attract valuable investors.
Sheeva dogs welcome investors despite uncertainty
Interestingly, this is true as Intotheblock data shows that whales have accumulated 19.47 trillion shibes this year.
Shiba Inu Whales and Investors | Intotheblock
Within this period, low investors between 0.1% and 1% of the circular supply have distributed 10.61 trillion tokens, with the balance currently at 147.38 trillion, indicating a lack of convictions. Meanwhile, Shiba Inu added 70,000 addresses this year. This is because the total address with balance increases to 1.4 million.
This shows that convicted investors continue to enter the market and are looking to take advantage of the ongoing integration to raise tokens at low prices before the next surge. Lucy has it Proposed The shiba dog could one day reach $0.01, but she pointed out that this won't happen anytime soon.
