thecryptobasic.com
Shiba Inu marketing lead, Lucie, expresses confidence in SHIB’s current position and predicts a potential surge to the $0.00006 price mark.
The ecosystem marketer made this known in a recent tweet, suggesting that SHIB is ‘doing just fine.’ She attached a chart to confirm this assertion, showing a substantial price increase in SHIB’s performance against the dollar and Bitcoin since its inception.
According to the chart, Shiba Inu was priced at $0.00002619 as of November 11, with a lifetime gain of 1,958,563% for the USDT pair and 370,817% in the BTC pair.
SHIB Next Target
The marketing lead predicted Shiba Inu’s potential surge to $0.00006861. However, she did not set a timeline for when this prediction would materialize.
A few hours after the forecast, Shiba Inu registered an impressive rally, rising to a seven-month high of $0.00003031. Projections of a possible rally to the $0.00006861 target emerged, but the token eventually plunged below the $0.00003 mark.
SHIB is changing hands at $0.00002594 in the hours leading to press time. This suggests that the token must surge by 165% to hit the projected target of $0.00006861.
Even if Shiba Inu clinches this target, it will still be down 20.36% from its all-time high (ATH) record of $0.00008616, registered in October 2021.
We are doing just fine ☕️ $SHIB pic.twitter.com/nZ1szxZzIs
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) November 11, 2024
SHIB Isn’t in Alt Season Despite Recent Gains
In the meantime, SHIB is up 37.13% over the past seven days and 41% month-to-date (MTD). This surge comes amid a broader market rally led by Bitcoin.
According to Lucie, Shiba Inu’s recent performance does not imply that the market is in the Alt (Altcoin) Season. For context, altcoin prices usually skyrocket, outperforming Bitcoin’s during this phase. Currently, Bitcoin is leading the rally across the market, influencing the prices of other assets like SHIB along the line.
Investors Remain Bullish in SHIB Amid Growing Interest
Meanwhile, Shiba Inu’s proponents are bullish about SHIB’s prospects in the upcoming Alt Season, with many expecting the token to set a new all-time high of $0.0001 and above.
While it remains unclear whether SHIB will achieve this feat, the token has gained interest from investors. Earlier today, Lucie revealed that SHIB was trending on X under the Business & Finance niche. Specifically, at least 41,300 X posts mentioned SHIB, indicating a growing interest in the token.
$SHIB ❤️❤️💥❤️❤️ pic.twitter.com/k2TmXwhPil
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) November 13, 2024