2024-10-14 22:21 |
Lucie, the Marketing Lead for Shiba Inu (SHIB), has forecasted a potential 1000% surge for the meme coin’s ecosystem within a matter of days. This optimistic outlook comes against a backdrop of significant market volatility and impressive long-term gains for SHIB.
“It’s very possible for the Shib ecosystem to pull off a 1000% increase in a matter of 2-3 days,” Lucie tweeted on Wednesday. She emphasized the ecosystem’s continued development, asserting that short-term price fluctuations are “irrelevant” in the grand scheme.
That said, community sentiment appears to align with Lucie’s optimism. CoinMarketCap data reveals that 86% of users express a bullish outlook on Shiba Inu’s future, with only 14% holding a bearish view. This strong community backing has been a key factor in SHIB’s success story.
SHIB’s historical performance further reinforces Lucie’s bullish stance. According to Market Data, Shiba Inu has achieved an astronomical 21,298,851% gain from its all-time low. This growth rate outpaces all other cryptocurrencies in the top 100 by market capitalization, solidifying SHIB’s transition from a meme coin to a serious contender in the digital asset arena.
The platform also highlighted other significant performers in the crypto market. Floki Inu (FLOKI), another dog-themed token, recorded a 679,910% increase, while Binance Coin (BNB) secured the third position with a 595,144% rise. The original meme coin, Dogecoin (DOGE), also showed impressive growth with a 125,409% increase.
Analysts are also growing bullish on SHIB, with Black Pearl expecting a strong breakout from a bullish reversal pattern. In a Wednesday tweet, the pundit noted that the excitement building around a potential Shiba Inu ETF could lead to a 2400% surge, pushing SHIB to $0.0004414 and boosting its market cap to $260 billion, possibly making it a top 3 crypto. However, he emphasized that SHIB must first break key resistance levels at $0.00002200-$0.00002300, a 125% rise from current prices, before targeting its all-time high of $0.00008854.
Meanwhile, analyst Alan Santana pointed out that Shiba Inu (SHIB) is undergoing a major accumulation phase as 2025 approaches. He noted that the market was in its final bearish stretch before a significant bull run in 2025.
“The drop should last a few weeks. The recovery should last several months and in 2025 we get long-term sustained growth.” He noted.
At press time on Thursday, the token traded at $0.00001721, reflecting a 3.29% dip over 24 hours. However, this short-term decline contrasts sharply with its monthly performance, which shows an impressive 27.63% gain.
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