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Lucie, the Shiba Inu team's official marketing head, has taken to her X social media account (previously known as Twitter) to declare the SHIB, BONE, and LEASH pricing behavior she expects to see during a hypothetical upcoming cryptocurrency season.
She defined an alt season for cryptocurrency newcomers and outlined the major factors behind it. Lucie sees it as "a fantastic opportunity" for Shibarium, its main coinage (SHIB, BONE, and LEASH), as well as the Shib army.
Lucie Highlights Alt Season's Impact on Shibarium Ecosystem Tokens
Lucie defined an alt season as "an exciting period when alternative crypto often outperform Bitcoin." This is when a profit shift occurs, she added, and money from Bitcoin begins to flow into altcoins such as SHIB, BONE, SHEB, and LEASH, which are part of the Shibarium ecosystem. It will increase their value tremendously, as per U.Today.
As it happens, Shibarium's unique features may attract the attention of a larger cryptocurrency community, and its adoption would benefit the ecosystem. A increased trading volume of Shibarium tokens would boost liquidity and make trading easier.
Lucie informed the community that an alt season is more than just taking money off the table; it is also "a chance to showcase #Shibarium's potential and cement its place in the cryptocurrency world."
Lucie Outlines Key Conditions for the Start of an Altcoin Season
Lucie of Shiba Inu outlined three conditions for the start of an altcoin season. The first is that the price of Bitcoin, the flagship cryptocurrency, will begin to rise, attracting a large number of investors. As a result, BTC commands the majority of market attention and investment capital.
When investors observe Bitcoin reaching new highs, they start selling to lock in profits. After withdrawing money from the dominant cryptocurrency, they begin to invest it in altcoins, which are cheaper to obtain and offer higher potential earnings. They also start looking for a cryptocurrency with significant potential in the near future. Altcoin prices begin to rise, outpacing Bitcoin's growth.
This increases market hype: "The excitement brings in even more investors, pushing altcoin prices higher."
Photo: Microsoft Bing
