- Shiba Inu’s marketing lead has given a bold prediction of up to 1000% for SHIB which has recorded a 30% surge in the past month.
- Key factors that could drive the token to new heights include increased token burns, liquid staking integration, and rising on-chain activity within the ecosystem.
Shiba Inu, a meme coin launched in August 2020 has witnessed commendable growth recently, recording more than a 25% surge in the past month despite the highly volatile market. Via a tweet on Wednesday, Shiba Inu’s marketing lead teased the crypto community that an even more impressive surge could be on the horizon.
LUCIE gave a bold prediction of up to “a 1000% increase in a matter of 2-3 days.” for assets within the Shiba Inu ecosystem. Well, she didn’t mention which 2-3 days.
The asset price, as much as it hurts us holders (I’m feeling it too), is irrelevant, especially in a well-established ecosystem that keeps developing. It’s very possible for the Shib ecosystem to pull off a 1000% increase in a matter of 2-3 days.
Not financial advice, just how I…
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) October 9, 2024
Noticing SHIB’s recent price consolidation, LUCIE assured the community that “the asset price, as much as it hurts us holders (I’m feeling it too), is irrelevant,” arguing that such temporary downturns are part of the natural ebb and flow of a well-established ecosystem that keeps developing. She noted that Shiba Inu has the potential to rise rapidly, even amidst current market corrections.
As with any leader during times of turmoil, her statement was intended to calm the community following a 17% drop from the September high of $0.00002133.
LUCIE’s bold prediction demands unwavering resolve and stealth from both the token itself and the tokens within its ecosystem, encompassing LEASH, and BONE.
At the time of writing, SHIB is swapping hands for $0.0000171 marking a 3.55% decline in the past 24 hours. Also, this current price represents a 3.39%, 27.45%, and 146.03% surge in the past week, month, and year respectively.
Though it may seem a pipe dream, it is the kind of dream that keeps investors up at night. A 1,000% increase would bring its price to $0.000193, a value far exceeding SHIB’s all-time high of $0.00008845, achieved in October 2021.
Following the post, many have voiced skepticism about the prediction pointing a finger toward tokens such as the Doge Killer( LEASH) and BONE which have rather been sluggish in their price actions.
At the time of writing, LEASH is currently swapping hands with $279.94 marking a 6.95% surge in the last 24 hours. Meanwhile, BONE is currently trading at $0.4053.
While a 1,000% increase in SHIB’s price may seem ambitious, some analysts believe it’s not entirely out of reach. Market commentator Emily Universe recently speculated that SHIB could surge tenfold, supported by factors like SHIB’s increased burn rate, rising on-chain activities, and the integration of a liquid staking protocol.
Additionally, technical analyst JD has projected a massive rally for Shiba Inu once the altcoin season begins. According to him, the timing of the next market cycle could drive SHIB to new heights, further supported by the general momentum building around the Shiba Inu project.
