How Many Days Passed Since Shiba Inu Failed To Trade at $0.00001?

Shiba Inu struggles with five zeros for one of the most extending periods, defying bullish hopes.

Shiba Inu now exchanges hands at $0.000007773 after crashing about 2% in the last 24 hours. Effectively, the digital asset trades with five decimal places, and its price has been almost stagnant around the five zeros for months. 

How Many Days Has Shiba Inu Stayed with Five Zeros?

According to data from market tracking resources, Shiba Inu opened this year with five leading zero. However, Shiba Inu bulls conquered the bears, and the digital asset quickly canceled a zero. The bull reigns grew stronger, propelling Shiba Inu’s value to $0.0000471 by February.

Notably, Shiba Inu’s bullish trend retained four zeros in its price until May, when bearish forces took control, causing the digital asset to dip below $0.00001 for the first time in the year. Consequently, Shiba Inu’s value plummeted to as low as $0.000006555. The bears maintained their dominance over Shiba Inu for at least three consecutive months.

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However, a brief respite occurred between August 12 and 15. Shiba Inu momentarily lost one zero, only to revert to the previous state by August 16. Since then, the digital asset has been on a continuous downward spiral, experiencing successive declines.

Therefore, from May 7, when Shiba Inu first added one zero, to November 3, excluding the three days of relief in August, Shiba Inu has stayed nearly 180 days with five leading zeros or below $0.00001.

The Shiba Inu situation since August becomes ironic when considering that the long-awaiting Shiba Inu blockchain, Shibarium, was unveiled in August. 

Previous Shiba Inu Bearish Cycle

It is worth noting that there was a similar stretch during which Shiba Inu maintained a value with five decimal places. It spanned from May 2021 to September 2021. However, in October 2021, Shiba Inu experienced an extraordinary breakthrough, reaching its all-time high.

Ultimately, in 2023, crypto market participants are witnessing another protracted haul where Shiba Inu failed to cancel a leading zero. As a result, the current bearish cycle may have become one of the lengthiest periods where Shiba Inu failed to cancel a decimal place.

This longstanding unsavory performance challenges the resilience of investors who eagerly await Shiba Inu trading at one cent. Unfortunately, the desired outcome increasingly diverges from reality as Shiba Inu slips further in the bears, potentially adding more zeros.