On-chain data showed that Shiba Inu was an undervalued token despite its latest uptick. The activities of Ethereum whales suggested that SHIB could be a long-term play. Shiba Inu’s [SHIB] performance in the last 30 days seemed to have erased the memories of the memecoin’s abysmal performance in 2022. During the said period, SHIB recorded
![Analyzing why Shiba Inu [SHIB] remained undervalued despite 37% gains](https://images.cryptocompare.com/news/default/ambcrypto.png "Analyzing why Shiba Inu [SHIB] remained undervalued despite 37% gains")
SEC Hosts First-Ever Crypto Roundtable Today
