Recently, @LucieSHIB a well-known influencer in the Shiba Inu community and a marketing specialist working for the Shiba Inu (SHIB) team, offered an explanation for the current stagnation in the price of Shiba Inu’s native token, SHIB. Lucie’s comments were in response to growing frustration among SHIB investors, some of whom have been disappointed by the token’s lackluster performance (down 3.44% in the year-to-date period).
Lucie’s tweet addressed the common question among investors: “Why no moon?” This phrase is a colloquial expression in the crypto community, referring to a significant price hike of a crypto asset. Lucie explained that, based on her observations, crypto prices tend to be bearish around a year before a halving event. The next Bitcoin halving is expected to occur around 16 April 2024.
During the summer preceding a halving event, Lucie noted that the market might become more bearish, causing some investors to feel down. However, she reassured her followers that as autumn and winter approach, the mood often brightens, and good news starts to appear, potentially leading to a bullish market trend. She emphasized, though, that the crypto world is full of surprises, and there are no guarantees.
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In addition to her insights on market trends, Lucie also discussed Shibarium, the Shiba Inu ecosystem’s L2 scaling solution. She assured the community that Shibarium is not a pump-and-dump scheme but a solid technology with the potential for significant growth in the years ahead. She believes that Shibarium’s innovative features and underlying technology can drive genuine value and utility for the Shiba Inu ecosystem’s tokens, including SHIB, LEASH, and BONE.
Lucie’s comments ended on an optimistic note, urging Shiba Inu community members to prepare for the long run as exciting times may be on the horizon. The much-anticipated launch of Shibarium is expected to take place later this year, potentially providing a significant boost to the Shiba Inu ecosystem’s tokens.
Shibarium, a layer two blockchain, has been developed to overcome Ethereum’s limitations, including slow speeds and high transaction costs. The Shiba Inu project currently has Shibarium in beta testing.