As a researcher with experience in the digital currency ecosystem, I understand the anxiety and uncertainty that comes with bearish days. The recent slump in Shiba Inu’s price, with a 0.34% loss in 24 hours and more than 15% decline over the past week, is a cause for concern for many investors. However, instead of succumbing to fear, I believe that long-term investors can make use of this time to focus on their goals and stay emotionally stable.
During periods of bearishness in the digital currency market, which can be particularly challenging for investors, Shiba Inu‘s Marketing Lead, Lucie, has offered some creative suggestions for the community to help them navigate through the present downturn.
Bear market to-do list
Noting the bearish market trend, Shiba Inu typically experiences prolonged trading days where it closes with a loss. Currently, Shiba Inu has dipped by 0.34% in the last 24 hours and over 15% during the previous week.
Based on Lucie’s perspective, it is advisable for investors with a long-term horizon to avoid the market. During their absence, she recommends that they concentrate on their overarching objectives. The Shiba Inu community, in particular, aspires to reach a price of one cent per token. To attain this target, a significant amount of SHIB tokens must be removed from circulation through burning, while also incorporating more use cases into the marketplace.
As a crypto investor going through a bear market, I can’t stress enough the importance of educating yourself. The executive Lucie spoke about underscored this point. To help navigate through this challenging time, I recommend limiting your social media use where negativity and fear spread. Instead, focus on diversifying your portfolio to minimize risk. Additionally, staying connected with positive communities and practicing discipline are essential intentions that can help you get through this market downturn.
As a researcher, I acknowledge the significance of taking breaks and emphasize the potential benefits for users. Reflecting on previous market cycles can lead to improved performance.
Brighter days triggered
It’s uncertain for Shiba Inu to remain suppressed indefinitely as a financial market asset. Due to its close connection with Bitcoin (BTC), it’s reasonable to expect it to mirror any future bullish trends of the leading cryptocurrency.
As a crypto investor, I’m keeping a close eye on Shibarium, Shiba Inu’s Ethereum-layer-2 scaling solution. This project holds significant potential in driving the coin’s comeback.
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2024-06-12 13:39