- Shiba Inu’s price remains largely unchanged despite the upcoming launch of Shibarium, leading to investor confusion.
- Lucie, a Shiba Inu team member, provides her perspective on the market sentiment and the future growth of the Shiba Inu ecosystem.
Despite the buzz in the cryptosphere, Shiba Inu’s price has remained relatively static, causing a flurry of questions and speculation among its holders. Lucie, a marketing specialist from the Shiba Inu team, recently shed light on this perplexing situation.
“Why no moon?!”
Dev do something 😵💫Crypto prices tend to chill out around a year before a halving event because everyone's like, "Hmm, what's gonna happen? 🤔
During that summer, things may get a bit bearish, and folks might feel a bit down.
But don't worry! As we roll into… pic.twitter.com/SPcb0vR0it
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) July 20, 2023
The term “mooning” in the crypto world refers to a dramatic price increase, a phenomenon conspicuously absent for Shiba Inu at the moment. Lucie’s detailed insights serve to demystify this price stagnation, which stands in contrast to the positive strides made by the Shiba Inu ecosystem.
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Shibarium’s Launch: Expectation vs Reality
The forthcoming launch of Shibarium, Shiba Inu’s Layer-2 scaling solution, was widely anticipated to be a price propellant. Yet, the price of this digital asset has remained unaffected. The existing data paints a grim picture: an astounding 81.81% of investors currently aren’t making profits, with a mere 12.98% profiting from their holdings.
This underwhelming price movement raises the question, “Why no moon?” Lucie, aiming to clarify the picture, offered her expert analysis on the current market sentiment, which seems to be impacting Shiba Inu.
In the world of crypto, she explained, prices often stagnate around a year before a halving event – a built-in feature of many cryptocurrencies, which involves reducing the reward for mining transactions by 50%. This leads to an atmosphere of uncertainty as investors ponder the potential outcomes.
The summer period may also usher in a somewhat bearish phase, leading to lowered morale among investors. However, Lucie’s insights weren’t all bleak.
Autumn’s Approach: A Reason for Optimism
As the season turns to autumn, Lucie anticipates a brighter mood within the crypto landscape. Positive news will start to surface, reminiscent of fireworks brightening up a dark sky. This progression, according to Lucie, could inject “bullish vibes” into the market and could serve as a catalyst for Shiba Inu’s price action.
Shibarium’s role in this expected price rise cannot be understated. Dismissing notions of it being a “pump-and-dump scheme,” Lucie confirmed that the Layer-2 scaling solution is designed to stimulate significant growth in the coming years. This positive outlook, she suggests, is something investors should hold onto amidst the current market turbulence.
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