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Shiba Inu ecosystem marketing lead Lucie considers Shiba Inu as well as its ecosystem tokens BONE and LEASH to be 100% safe.
Lucie made this assertion in a recent post on X, noting that she disclosed this to individuals asking her for recommendations on assets that are completely safe for investments. According to her, each time she received this question over the last week, she mentioned SHIB, BONE and LEASH.
Whoever asked me in the past week what they should buy to be 100% safe in crypto, I said, ‘Buy $SHIB $BONE or $Leash .’
True story 🤗 nfa pic.twitter.com/3YepPZR1oj— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) June 6, 2024
Shiba Inu has come a long way since its launch four years ago, having deleted five leading zeros from its price within this period. Calling attention to its success and current market position, Ethereum researcher Justin Drake asserted that SHIB is of more quality than the multiple meme coins on Solana.
Despite its success, the canine-themed asset has not escaped criticisms. Lucie’s latest commentary is an attempt toward reaffirming Shiba Inu’s position as a worthy investment.
Moreover, Lucie recently addressed the criticisms and FUD surrounding the ecosystem team and its products. She assured proponents of SHIB’s resilience, affirming its endurance amidst adversities. The ecosystem marketing lead quoted Winston Churchill to drive home her point. She emphasized the importance of focusing on progress rather than distractions.
Shiba Inu Developments and Market Position
Meanwhile, the ecosystem team has made considerable progress toward transforming Shiba Inu into a robust ecosystem amid multiple developments to solidify its spot as a market contender.
Some of these developments this year include an upcoming layer-3 blockchain, enhancement of the existing layer-2 network Shibarium, and the introduction of SHIBidentity. In addition, the team has transitioned the ecosystem DEX ShibaSwap to Shibarium and launched the SHEboshis project.
Amid these developments, the price of Shiba Inu currently stands at $0.00002528, experiencing a marginal decrease of 0.95% over the last 24 hours. Despite this, its position above the pivotal $0.000025 territory could be leveraged by the bulls for another attempt at setting up an uptrend.
Moreover, the Relative Strength Index (RSI) stands at 51.22, reflecting a neutral market sentiment. Shiba Inu appears to be neither overbought nor oversold, indicating a state of equilibrium. Nonetheless, the current RSI shows SHIB still has room for further price growth.