- The Shiba Inu team believes SHIB will record a massive price spike soon.
- Shibarium remains a major catalyst that can drive this coming rally.
The Shiba Inu (SHIB) team has expressed a bullish outlook for the memecoin’s future trajectory. LucieSHIB, the lead marketing expert of the Shiba Inu ecosystem, forecasted a timeline for SHIB to experience a new historical milestone.
Optimistic SHIB Outlook
Bitcoin (BTC), the world’s leading cryptocurrency, set a new record on January 20, hitting an all-time high (ATH) of $109,114. This Bitcoin rally pushed altcoins like XRP to greater heights, raising speculations about the emergence of an altcoin season.
However, Shiba Inu’s marketing expert thinks the market is yet to see an altcoin season. Typically, an altcoin season leads to the prices of multiple coins rallying substantially, outperforming the growth rate of Bitcoin. This phase usually follows a Bitcoin bull run, as investors allocate their gains to other alternative cryptocurrencies, leading to price spikes.
In a recent X post, Lucie acknowledged that the altcoin market is bullish but not yet in its peak season. Lucie’s comments reflect confidence in the potential for altcoins like Shiba Inu to witness substantial gains.
Accordingly, the Shiba Inu marketing lead hinted at major advancements within the altcoin market in the next four years. Lucie opined that investors could witness another momentous occurrence within this period.
While Lucie did not share further details, the context of her post indicates that altcoins like Shiba Inu could witness price surges in the upcoming altcoin season. Notably, SHIB emerged amongst the biggest gainers during the biggest altcoin season, which took place in the 2020/2021 market cycle. Surprisingly, Shiba Inu only just launched during the period, highlighting its fast growth in the market.
SHIB launched at an initial price of $0.000000000056 on August 1, 2020. By October 28, 2021, the price of the memecoin increased by more than 153 million percent to an ATH of $0.00008616 on October 28, 2021.
However, this surge came from several notable events, such as SHIB’s listing on Tier-1 exchanges. Also, Ethereum co-founder Vitalik Buterin burned 410 trillion SHIB tokens at the time.
Experts’ Prediction for SHIB
Notwithstanding, this record forms a major part of Shiba Inu’s history. Several investors expect SHIB to repeat this performance in the 2024/2025 altcoin season.
SHIB is trading at $0.00002038, up 3.14% in the last 24 hours and over 129% within the past year. Top market observer Alan Santana predicted Shiba Inu will hit a new ATH of $0.00023179 this season. The analyst’s forecast represents a 1,057% increase from the current price of $0.000020.
Another crypto analyst pointed out that Shiba Inu’s strides in expanding its ecosystem excites the Shiba Inu community. In a recent CNF update, an expert tipped Shiba Inu as part of the altcoins to lead the bull rally. This rally hinges on Shibarium, which improves the scalability of the Shiba Inu ecosystem, reduces gas fees, and increases transaction speed for its users.
