Shiba Inu, a market specialist in the Shiba Inu ecosystem, believes that the cryptocurrency could experience a significant price increase in the near future. Lucie, an expert within the community, has pointed out several key developments that support this optimistic outlook.
It’s worth noting that Shiba Inu has already demonstrated the potential for price spikes shortly after its launch in August 2020. In October 2021, just one year after its launch, the price of SHIB surged from $0.000007210 to its all-time high of $0.00008845, representing a massive 1,126% increase in just three weeks.
This remarkable surge from $0.000007 to $0.000088 highlights the resilience and growth potential of Shiba Inu. Lucie emphasizes that this increase occurred without token burns or significant adoption, suggesting that the current and more robust ecosystem could lead to an even greater upswing.
Currently, Shiba Inu is trading at $0.00002331, already showing a 135% increase this year. With the current bull season progressing, if Shiba Inu experiences a similar 1,126% increase, its price could potentially reach $0.0002858, establishing a new all-time high.
However, it is important to note that these predictions are speculative, and the actual price increase of SHIB could be higher or lower. In a previous response to a report, Shytoshi Kusama, the lead developer of Shiba Inu, stated that price targets like $0.00012 are underestimating the potential of SHIB.
The strong community and the robust Shibarium ecosystem are the foundation of SHIB’s strength, according to Lucie. The unwavering support from the community and the advancements in the ecosystem have positioned SHIB to transcend its meme coin origins and establish itself in the wider crypto industry.
Another factor contributing to Lucie’s confidence is the role of SHIB as a governance token in the Shiba state. This aligns with the vision of Kaal Dhairya, the developer of Shiba Inu, who envisions all ecosystem tokens having governance and utility.
Furthermore, the presence of Shiba Inu at major events has driven its adoption and could significantly boost its price. The official platform, Shib.io, ensures that SHIB maintains a consistent presence at significant gatherings. Recently, Shiba Inu participated as one of the gold sponsors at the TOKEN2049 conference in Dubai. Additionally, it was represented at the 2023 Outer Edge Los Angeles event in March.
It is important to note that this article provides information and should not be considered financial advice. The views expressed are the author’s own opinions and do not necessarily reflect the opinion of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions, and The Crypto Basic is not responsible for any financial losses incurred.