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- Lucie from the Shiba Inu team expects SHIB to reach a new all-time high soon.
- Despite recent price fluctuations, Lucie remains optimistic about SHIB’s recovery.
- SHIB’s burn rate experienced a significant drop, with only 12,157,601 SHIB burned in the last 24 hours.
Shiba Inu (SHIB) has recently garnered attention yet again, this time due to a bullish proclamation from the official marketing lead of the SHIB team, Lucie, on social media platforms.
Lucie expressed optimism regarding SHIB’s future trajectory despite its recent tumultuous price movements. Following a significant plunge, SHIB has been gradually attempting to recover, albeit trading well below its historic peak reached back in October 2021.
Lucie disclosed that she took advantage of the recent price dip to increase her SHIB holdings. While emphasizing that her sentiments are personal rather than official team predictions, she expressed confidence in SHIB’s potential to achieve a new all-time high in the near future, possibly preceding or shortly after Bitcoin’s impending halving event scheduled for the latter half of April.
Despite currently trading at approximately 70% below its peak value, SHIB remains a prominent player in the cryptocurrency market, currently ranking 11th in terms of market capitalization, closely trailing Dogecoin. Recent price actions have seen SHIB facing considerable volatility, experiencing both declines and recoveries.
A notable development in the SHIB ecosystem is the significant decrease in the burn rate, as observed on the Shibburn tracking platform. In the past 24 hours, the SHIB community facilitated several burn transactions, albeit at a notably lower rate compared to previous days. This decline in burn rate indicates shifting dynamics within the SHIB community and ecosystem.