Despite recent price drops, Shiba Inu marketing team member Lucie remains optimistic about the cryptocurrency’s long-term prospects.
Historical Market Trends
Lucie analyzed Bitcoin’s historical price movements and found similarities to Shiba Inu’s current situation. In the past, Bitcoin experienced bottom and re-accumulation phases before entering bull markets.
Shiba Inu’s Potential
Based on these trends, Lucie predicts that Shiba Inu could be on track for a supercycle, similar to Bitcoin’s previous bull runs. She sees the recent price declines as a potential re-accumulation phase before a future surge.
Price Analysis
Over the past month, Shiba Inu’s price has dropped significantly, but whales continue to accumulate the coin. Some investors see this as a buying opportunity in anticipation of a potential bull run.
Current Market Position
As of writing, Shiba Inu is trading at $0.000021. Earlier in March, it saw double-digit gains, but has since retreated.
