Despite recent market volatility and a 20% dip in the price of Shiba Inu (SHIB) over the last seven days, a major member of the Shiba Inu ecosystem team has voiced faith in the meme coin’s ability to produce a dramatic recovery.
Lucie, Shiba Inu’s marketing specialist, recently turned to X (previously Twitter) to express her confidence about SHIB’s future performance, even speculating that the token could reach a new all-time high (ATH) before the imminent Bitcoin halving.
Shiba Inu: Soaring to New Heights of Success
Shiba Inu hit an all-time high of $0.00008845 on October 28, 2021, according to CoinMarketCap statistics. SHIB is currently trading at $0.00002583, which is 70% lower than its top. To reach its old ATH during the next 30 days, as Lucie predicts, Shiba Inu would have to rally by an amazing 247%.
While this may appear to be a hard undertaking, Shiba Inu are capable of accomplishing it. The meme coin has previously proved its propensity to achieve dramatic price spikes, such as a 350% increase from $0.0000094 to $0.00004534 in just eight days earlier this year. This impressive rise put SHIB back into the top 10 cryptocurrencies by market capitalization, outperforming eight other digital assets.
As the Bitcoin halving date approaches and the broader crypto market experiences a time of uncertainty, all eyes will be on Shiba Inu to see if the meme coin can stage a remarkable recovery and reach new heights.
While the path ahead may be difficult, the Shiba Inu team’s unflinching faith and loyal community serve as a reminder of the token’s ability to surprise and enchant the cryptocurrency world.
Release: The purpose of this content is only to provide knowledge. Readers have to do their own research before making investment decisions.
