The world of cryptocurrencies presents an environment full of price fluctuations and volatility from time to time. In particular, cryptocurrencies other than Bitcoin, called altcoins, are highly affected by market movements. Shiba Inu (SHIB) is a cryptocurrency that is in this category and has attracted a lot of attention recently.
Shiba Inu (SHIB), one of the most striking actors of the crypto money markets, maintains its place on the agenda with the recent declines in its price. Lucie, the marketing specialist in the SHIB team, made an explanation as to why the price of SHIB did not go up.
Lucie first said that the dev team was frequently asked this question and that investors bothered the developers to do anything. stated. According to Lucie, this particular situation is not up to the SHIB developers.
The marketing expert of the SHIB team pointed to the upcoming Bitcoin halving as the main reason why crypto prices are “tending to cool”. During the summer before the halving, “things could go a little downhill and people might feel a little bad,” Lucie wrote. As soon as fall and winter come, she added, “the good news will start to explode like fireworks.”
Lucie also reminded the community that Shibarium, which is expected to launch on the mainnet after August 16 (but, according to her, still no firm date), is not a “pump and dump” but a solid technology with strong long-term growth potential.
In summary, Lucie also emphasized the long-term potential of SHIB, stating that investors should focus on long-term goals rather than short-term fluctuations.
The Halving The Crypto Market Awaits
Cryptocurrency markets create a complex structure where many factors come together. Especially important events such as the Bitcoin halving event can have significant effects on the markets. While Bitcoin halving means the halving of Bitcoin’s supply, it is thought that this may change the balance of supply and demand in the market. While approaching the halving event, investors are generally cautious and do not want to take risks due to the uncertainty in the market. This could lead to a bearish trend in other cryptocurrencies as well, as Lucie pointed out.
The next Bitcoin halving event is expected to be in April-May 2024.
You can follow the current price action here.