Shiba Inu Investors’ Confidence Down; Is This an Imposter Syndrome?

Shiba Inu Investors’ Confidence Down; Is This an Imposter Syndrome?

Investors’ faith that Shiba Inu (SHIB) could steadily increase its price remained unwavering until the first quarter of 2023. They were ecstatic, hoping the token would eventually rise to the $0.01 level. Owners of SHIB were adamant that the price might increase despite a continuous 18-month decline. 

Holders, however, appear to be losing trust in SHIB recovery. Could this be a result of the “Imposter Syndrome” phenomenon?

Related Reading: BinanceUS Adds New Feature for Shiba Inu; What Does This Mean For SHIB?

What is the Imposter Syndrome?

After hitting an all-time high of $0.00008616 in October 2021, Shiba Inu investors never lost hope despite the asset’s poor performance that followed. However, the optimism is suffering since they probably suffer from Imposter Syndrome.

Most self-assured persons have imposter syndrome, which makes them nervous. Most often, the anxiety follows a successful experience. Despite once having great expectations for themselves or a project, they stop feeling internally successful.

This situation frequently leads people to question their skills or a project’s capacity to produce the required goals. Their success rates and confidence decline when they start to feel deceived or duped. This occurs to the best actors, musicians, and athletes, among others, who struggle with self-doubt despite their accomplishments.

Investors in Shiba Inu appear to be suffering from the same Imposter Syndrome, which is unsettling their minds. They believed that SHIB might never hit $0.01 as the advent of Pepe Coin added to the phenomenon.

Shiba Inu Holders are Hopeful

Many investors asserted that Imposter Syndrome is a fad and that things might improve once everything is back in its proper place. For instance, the Imposter Syndrome might be put on hold if SHIB surges and reaches a new yearly high. Again exuding confidence could foster an environment where everything is thought to be possible. 

Shiba Inu’s current live price is $0.000009, and its 24-hour trading volume is $109,460,704. In the past day, Shiba Inu has increased by 0.52%. With a live market cap of $5,241,005,224, the current CoinMarketCap ranking is 15. 

Shiba Inu is up 0.52% in 24 hours. Source: Coinmarketcap

Read Also: Swapika Exchange to Integrate Shibarium: Shiba Inu Ecosystem Support Increases

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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