Shiba Inu Could See A 2,100% Run If This Happens
2024年3月2日 - 2:00AM
NEWSBTC
Shiba Inu (SHIB) Marketing Lead, Lucie, has highlighted a move that
could see the SHIB token make a 2,100% gain if history were to
repeat itself. There is also the belief that the meme coin could
even go on to enjoy a higher gain this time around, considering
initiatives that have been put in place to increase its
value. SHIB To Replicate 2021 Run? Lucie mentioned in an X
(formerly Twitter) post that SHIB surged by 800% in 2021 without
any burns and hinted at something similar happening this year.
Interestingly, the 800% gain Lucie referred to is way more than
that (over 2,100%). Meanwhile, she highlighted how token burns and
stead demand could contribute to such a parabolic move this
time. Related Reading: Solana On A Roll: Crypto Analyst
Predicts Push To $600 Indeed, the token burns carried out so far by
the SHIB community has so far sparked price surges for SHIB at
different times. As such, SHIB can be expected to experience more
moves to the upside even as more token burns are carried out. These
token burns will also increase as Shibarium gains wider
adoption. As Lucie noted, demand for the SHIB token is also
essential, as token burns do not work in isolation. For the meme
coin’s value to rise significantly, there needs to be an increased
demand for it even as it becomes more scarce. Lucie seemed
optimistic that SHIB could replicate this 2021 run as she added
that the meme coin is “poised for growth and waits for no one.”
More Than Just A Meme Coin Last year, the Shiba Inu team made a
statement with the launch of the layer-2 network Shibarium,
revealing their intentions to make SHIB more than just a meme coin.
So far, they have done a great job, as the Shibarium launch has
added more utility for the crypto token and caused its demand to
rise. Related Reading: Dogecoin Rallies 50% To Beat Out
Avalanche, BONK Overtakes PEPE SHIB’s status as being more than
just a meme coin is even more significant when one considers how
Ripple’s CEO Brad Garlinghouse had, during the 2024 World Economic
Forum (WEF), criticized Dogecoin (DOGE) for not providing any
real-life utility. While such a statement is not necessarily
true about DOGE, it, however, puts SHIB on a higher pedestal,
considering how much it has achieved since Shibarium launched last
year. The team is also not slowing down, as they have a lot planned
for 2024. The SHIB ecosystem is undoubtedly growing, and the meme
coin is at the helm of all of it. At the time of
writing, SHIB is trading at around $0.00001282, down almost 8% in
the last 24 hours, according to data from CoinMarketCap. SHIB
price at $0.0000129 | Source: SHIBUSD on Tradingview.com Featured
image from CCN.com, chart from Tradingview.com
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