Meme Altcoin Shiba Inu (SHIB) One of the most viewed cryptocurrencies this year on Binance

The Shiba Inu (SHIB) meme token is among the top three most viewed cryptocurrencies in 2022 on the world’s largest cryptocurrency exchange.

The other two are King Crypto Bitcoin (BTC) and the leading Ethereum (ETH) smart contract protocol, Binance. He says in a new ad.

Source: Binance/Twitter

While traders keep a close eye on Shiba Inu, leading analytics firm IntoTheBlock He says that only 3% of SHIB holders are making money on their holdings at the time of writing, while 84% are under water.

Rival Dogecoin (DOGE) has gone from $0.000033 in early 2022 to the current price of $0.000008, a devaluation of more than 75% so far this year. The meme crypto asset is also down 90.4% from its all-time high, which it reached in October 2021.

According to IntoTheBlock, 80% of the available SHIB is controlled by large holders, which the analytics firm defines as whales and investors who own more than 0.1% of the circulating altcoin supply.

The analytics firm also reveals that 58% of SHIB owners have controlled the meme token for more than a year, while 37% have held it for more than a month but less than a year. Only 5% have had SHIB for less than a month.

As for Bitcoin, 44% of holders are watching profit while 52% is in the red, according to IntoTheBlock.

Some 72% of Bitcoin owners have held the king crypto asset for more than a year, while 22% have held it for less than a year but more than a month. Only 6% have held Bitcoin for less than a month.

The analytics firm adds that wealthy investors own 9% of the current circulating supply of Bitcoin.

Looking at Ethereum, IntoTheBlock finds that 46% of ETH holders are profitable, while 52% are in the red.

ETH whales and investors own 38% of the circulating supply. About 68% of Ethereum owners have held their ETH for more than a year, while 28% have held their ETH for less than a year but more than a month. Only 4% have been held in ETH for less than a month.

At the time of writing, Bitcoin is changing hands at $16,686, while Ethereum is trading at $1,189.

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source: dailyhodl.com