Shiba Inu Team remains steadfast in an unsafe market: “Shib is our BTC”
- Shiba Inu is under strong sales pressure, but marketing manager Lucie remains confident and describes the share as the basis of an expanding system.
- Despite the market decline and the sale of whales, the Umstz rose 34 %, which led to speculation about Shib’s long -term growth potential.
Shiba Inu (Shib) was under strong sales pressure because the MArkt has been experiencing a downward trend lately. The downturnal position of Shib among the top 20 of the digital assets threatened the downturn. However, the marketing manager of Shiba Inu adheres to the importance of the project and gave a strong explanation that confirms his core identity in the crypto world.
In an update to x emphasized Luciethat Shib is not just another meme coin, but the basis for an expanding ecosystem. She underlined this with a daring comparison:
“Shib is our BTC.”
This statement reflects the team’s conviction that Shib occupies a central position within its system, such as Bitcoin for the entire market. In addition to his role as a token, Lucie emphasized the wider Shiba-Inu ecosystem, which comprises Bone, Shib and Shib-the metaverse:
“For me, all of this means – Treat, Bone, Sheb, Leash, Shiboshis and Shib The Metavers.”
Market printing, selling out whales and resistance
Shib was recorded by the general market depression and the price was exposed to strong fluctuations. Lucie attributes this instability to “manipulation” rather than to basic weaknesses in the cryptos sector. At the time of the creation of this article, Shib recorded a decline of 6.40 %in the last 24 hours, whereby the price reached $ 0.00001168. Lucie said:
“The market was liquidated due to political panic and manipulation, but there is no reason to stop – just to push more.”
However, sales rose by 34% and reached 470 million in the same period. This increase has triggered speculation that large investors, which are often referred to as whales, could return to the market. However, the data on the retail chain indicate that many large investors have repelled their Shib stocks, which increases sales pressure.
A key indicator, the Netflow indicator for large investors, has turned significantly into the negative, which indicates a wave of sales. This activity was an essential reason for the recent difficulties of the wealth value. However, some analysts believe that despite the whale movements, Shib still has strong potential for long -term growth.
An early Bitcoin investor comments on the future of Shib
Davinci Jeremie, a well-known former Bitcoin investor, recently shared his thoughts on the prospects of Shib. “I like Shiba Inu,” he said in a video update. However, he dampened the expectations and explained:
I think Shiba Inu will do relatively well in this cycle, but it could be that it is not as high as you expect.
Jeremie, who gained great fame in 2013 because he asked people to invest even $ 1 in Bitcoin, pointed to Shibarium as potential growth catalyst for Shib. The Layer-2 network offers inexpensive transactions and an infrastructure for decentralized applications (DAPPS) that could significantly increase the benefits of Shib.
Despite this potential, acceptance remains limited. He described Shibarium as a network that is able to host various applications at minimal costs, but found a lack of active users and practical applications for tokens within his ecosystem.
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