As a researcher with a background in cryptocurrency and experience in following market trends, I’m excited about Lucie’s announcement regarding the potential altcoin season for Shibarium and its associated coins, SHIB, BONE, and LEASH. Her explanation of what an alt season is and how it can benefit Shibarium is insightful for both beginners and experienced investors in the crypto world.
As a crypto investor following the Shiba Inu project closely, I’ve been keeping an eye on the team’s updates. Recently, Lucie, the official marketing lead for Shiba Inu, shared her expectations about SHIB, BONE, and LEASH price movements during an upcoming altcoin season. She made this announcement via her account on X social media platform (previously known as Twitter).
For those new to crypto, she elaborated on the concept of an alt season and identified the key factors leading to its occurrence. In Lucie’s perspective, it presents a “wonderful opportunity” for Shibarium, including its primary coins SHIB, BONE, and LEASH, as well as for the Shib community.
Alt season explained to SHIB army
As a crypto investor, I’ve learned that an alt season signifies an exhilarating phase when various cryptocurrencies, particularly altcoins, tend to surpass Bitcoin’s performance. This shift in profits occurs as funds from Bitcoin begin to migrate towards altcoins like SHIB, BONE, SHEB, and LEASH, which are part of the Shibarium ecosystem. Consequently, their values experience substantial growth.
It is worth noting that Shibarium’s distinctive characteristics have the potential to draw in a larger audience from the cryptocurrency sphere. The broader adoption of this platform would substantially improve the ecosystem. With a greater trading volume for Shibarium tokens, there would be an uptick in liquidity, making it simpler to trade these tokens.
“I want to emphasize that participating in an alt season isn’t just about realizing profits. It’s also an opportunity for us to highlight Shibarium’s capabilities and secure its position within the crypto marketplace.”
Here’s when Lucie expects alt season to happen
Lucie of Shiba Inu described several prerequisites for the arrival of an altcoin season. The first one is that the price of the flagship cryptocurrency, Bitcoin, would start going up, luring multiple investors as it does so. Hence, BTC attracts all the attention on the market and scoops all the investment money up.
When Bitcoin reaches peak prices and investors who own it decide to cash in on their gains, they sell their Bitcoins. Subsequently, they explore investment opportunities in less expensive altcoins, which they believe have greater potential for substantial returns. Concurrently, they keep an eye out for up-and-coming cryptocurrencies that could yield significant profits in the near term. As a result, altcoin values experience rapid growth, surpassing Bitcoin’s price escalation.
The surge in enthusiasm is drawing in additional investors, causing altcoin prices to climb further.
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2024-05-15 18:29