Amid recent market volatility and a 20% price drop for Shiba Inu (SHIB) over the past seven days, a key member of the Shiba Inu ecosystem team has expressed confidence in the meme coin’s ability to stage a stunning comeback.
Lucie, Shiba Inu’s marketing specialist, recently took to X (formerly Twitter) to share her optimism about SHIB’s future performance, even hinting at the possibility of the token reaching a new all-time high (ATH) before the upcoming Bitcoin halving.
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Buying the Dip and Expecting a Miracle
In her post, Lucie revealed that she had reaccumulated SHIB tokens at around $0.000024, spending $989.08 to capitalize on the recent dip. The Shiba Inu marketer expressed great satisfaction with her purchase, noting that she anticipates a “miracle recovery” in the near future.
Lucie’s confidence in Shiba Inu’s potential extends beyond a mere price rebound. She stated that she expects SHIB to surpass its previous all-time high from 2021 in the coming weeks, possibly even before or immediately after the highly anticipated Bitcoin halving event.
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Shiba Inu reached its all-time high at $0.00008845 on October 28, 2021, according to CoinMarketCap data. At its current price of $0.00002583, SHIB is 70% below this peak. For Shiba Inu to reach its previous ATH within the next 30 days, as Lucie anticipates, the token would need to rally by an impressive 247%.
While this may seem like a daunting task, it is not entirely out of the realm of possibility for Shiba Inu. The meme coin has demonstrated its ability to generate explosive price gains in the past, such as its 350% surge from $0.0000094 to $0.00004534 within just eight days earlier this year. This remarkable performance propelled SHIB back into the top ten cryptocurrencies by market capitalization, outperforming eight leading digital assets in the process.
As the Bitcoin halving approaches and the broader crypto market navigates a period of uncertainty, all eyes will be on Shiba Inu to see if the meme coin can indeed engineer a miraculous comeback and reach new heights.
While the road ahead may be challenging, the unwavering faith of the Shiba Inu team and its dedicated community serves as a reminder of the token’s potential to surprise and captivate the cryptocurrency world.
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