In a confident tweet on Wednesday, Shiba Inu community advocate Lucie assured followers that the ecosystem is on the brink of remarkable growth, teasing a potential 1,000% surge in assets affiliated with the brand. While the broader crypto market faces a downturn, Lucie emphasized that the price consolidation of Shiba Inu (SHIB) and its affiliated tokens, including Doge Killer (LEASH) and Bone ShibaSwap (BONE), is temporary and should not shake the resolve of long-term holders.
Shiba Inu’s Resilience During Market Correction
Lucie’s comments came at a time when the Shiba Inu ecosystem has been weathering a tough stretch. SHIB, the 13th largest cryptocurrency by market capitalization, has dropped 17% from its high of $0.00002133 seen on September 28, currently trading at $0.00001758. Despite this, Lucie’s optimism resonated with the community, as she pointed out that such market corrections are not unusual and could lead to substantial gains when the market rebounds.
Her post hinted at the possibility of a massive spike in Shiba Inu-related assets once the bull run takes off, reminding the community of SHIB’s previous surge between February 28 and March 5, 2023, when the token saw a meteoric rise. According to Lucie, the next breakout could be even more significant.
What a 1,000% Surge Could Mean for SHIB, LEASH, and BONE
To put Lucie’s bold prediction into perspective, a 1,000% surge in SHIB’s current price of $0.00001758 would push the token to $0.000193. Such a leap would not only eclipse SHIB’s all-time high of $0.00008845, reached in October 2021, but it would also represent a milestone that could place SHIB among the top cryptocurrencies by market cap once again.
LEASH, currently trading at $258, could soar to $2,844 if it experiences a similar 1,000% increase. This surge would raise its market cap to $297 million, potentially catapulting it into the top 180 cryptocurrencies globally. Meanwhile, BONE, which is priced at $0.4053, could jump to $4.458, giving it a market cap of approximately $930 million and ranking it around 72nd by market capitalization.
Is a 1,000% Rally Realistic?
While some may see Lucie’s prediction as overly optimistic, market analysts and SHIB enthusiasts believe such a surge is not entirely out of reach. Technical analysts like JD have speculated that SHIB could experience a 1,000% surge when the long-awaited altcoin season kicks off. Additionally, Emily Universe, a popular market pundit, has also predicted that SHIB has the potential to increase tenfold, although she did not delve into the specifics behind her assertion.
The growing bullish sentiment around Shiba Inu is being fueled by several factors, including an increasing burn rate, the introduction of liquid staking protocols, and rising on-chain activity within the ecosystem. These developments, coupled with the overall potential of the memecoin sector, have injected fresh optimism into the market, with many believing that Shiba Inu and its related tokens could soon see explosive growth.
Also Read: Shiba Inu’s Shytoshi Kusama Posts Cryptic Message – What It Means For 1.2 Million SHIB Holders!
Final Thoughts
Lucie’s prediction of a 1,000% surge in Shiba Inu ecosystem assets has reignited enthusiasm among SHIB holders, despite the current market turbulence. As the ecosystem continues to expand, with innovations like staking protocols and increased on-chain activity, the possibility of a substantial price jump becomes more plausible. Whether or not the market can deliver such gains remains to be seen, but Shiba Inu’s potential to bounce back stronger than ever is certainly capturing the attention of the crypto community.
