Lucie, a team member of the Shiba Inu ecosystem, has shared a message from Shytoshi Kusama regarding the ongoing downturn in the crypto market. The decline has had a significant impact on major cryptocurrencies, including Shiba Inu (SHIB). SHIB reached a high of nearly $0.000045 in March but has since lost 61% of its value and is currently priced at $0.00001733. Yesterday, the dog-themed token dropped to its lowest point since March, reaching $0.00001642.
Amidst this market downturn, Lucie, the marketing lead for Shiba Inu, released a statement acknowledging the current challenges in the crypto market. She emphasized that the market is currently going through a difficult phase, with many investors resorting to panic selling. Lucie pointed out that the current market reality is not aligned with investors’ expectations of a bull market, which typically results in a significant increase in crypto prices. She compared the situation to the historical U.S. Gold Rush and stressed the importance of patience in building a legacy in the blockchain space.
Lucie also highlighted that decentralization can be a painful process that may lead to many investors exiting the market due to the difficulties faced. However, she believes that developers who focus on their long-term visions rather than short-term market fluctuations are guaranteed success. While Lucie respects the decision of investors who choose to panic sell, she expressed her loyalty to the enthusiasts who support the “Shiba State” and Shibarium.
In addition, Lucie shared a message from Shytoshi Kusama, the lead developer of Shiba Inu. Kusama acknowledged the presence of imperfections during a recent conversation, emphasizing that nothing and nobody is perfect. This statement reflects the popular notion that flaws exist in everything, including developers in the blockchain space. Lucie agreed with Kusama’s perspective, stating that humans are not gods but ordinary individuals striving for greatness.
Lucie also mentioned that adversity reveals true strength and compared it to how some trees grow stronger during wild storms. This suggests that Shiba Inu has the potential to emerge stronger despite the challenges posed by the volatile market. Currently, Shiba Inu is trading at $0.00001733, experiencing a 2.1% increase in the past 24 hours. However, it has dropped by 5.43% on the weekly chart, 30.6% in the past 30 days, and 44.7% in the past three months.
Despite the current decline, a popular pseudonymous market watcher known as ‘Captain Toblerone’ projected that Shiba Inu could still reach an ultimate target of $0.00045, representing a 2,496% surge from the current price.
It is important to note that this content is for informational purposes only and should not be considered financial advice. The views expressed in this article are the author’s personal opinions and do not 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.
