Shiba ecosystem marketing expert made a statement about the recent declines in SHIB and altcoin prices.
The ecosystem developer nicknamed Lucie commented on the decline in altcoins, including SHIB, on January 7. commented. Expectations for spot Bitcoin exchange-traded fund (ETF) applications triggered serious movements in the market Defending Lucie stated that this impact hit many altcoins, including SHIB.
Especially seen as riskier among investors The altcoin market has such macro expectations While expressing that he was more sensitive to the situation, he invited everyone to be more careful:
The market is turning red ahead of big news like ETF approval for Bitcoin. This brought more volatility as investors tried to predict the outcome. Altcoins are hit harder because they are smaller and riskier. It’s a rollercoaster, so be careful and fast.
Following Lucie’s posts about the decline, the positive news regarding spot Bitcoin ETF applications led to the altcoins rallying in a short time and Bitcoin reaching its highest level since April 2022.
According to CoinGecko data, in the last 24 hours 5% SHIB, which is on the rise at the time of writing From $0.00000942 is being traded.