Shiba Inu Team Announces Altcoin Season Is Coming

Lucie, Shiba Inu’s marketing manager, alludes to the imminent altcoin season, a period characterized by increased activity and prices of alternative cryptocurrencies, such as SHIB.

The marketing executive made the claim while reacting to BlackRock’s recent promotional video for its iShares Ethereum Trust ETF (ETHA).

BlackRock ETHA promotional video

In the videoJay Jacobs, head of thematic and active ETFs at BlackRock US, highlighted Ethereum’s unique features. According to Jacobs, Ethereum’s appeal lies in its utility.

He said Ethereum could be compared to a global platform for decentralized applications, highlighting the growing demand for ETH. As interest in Ethereum grew, BlackRock launched the iShares Ethereum Trust ETF to give investors exposure to the second-largest cryptocurrency.

BlackRock is among eight issuers that have received SEC approval to launch a spot ETF for Ethereum.

The company’s ETH ETF began trading yesterday at 9:30 a.m. EST, shortly after the promotional video was released, struck $22.5 million in volume in the first 15 minutes of trading.

Altcoin season is coming

Reacting to BlackRock’s ETHA promotional video, Lucie noted that despite the growing interest in crypto, critics are still circulating FUD (Fear, Uncertainty, and Doubt), raising concerns among investors.

She suggested that BlackRock released a video on the Ethereum ETF for potential investors amid this panic. As a result, the marketing executive urged crypto investors to think big, adding that altcoin season is on its way.

Shiba Inu Performance in Previous Altcoin Season

Most cryptocurrency investors are looking forward to the altcoin season of this cycle, which could potentially lead to increased price spikes in digital assets other than Bitcoin, such as Shiba Inu.

Recall that during the 2020/2021 altcoin season, the price of Shiba Inu skyrocketed, increasing by several million percent to reach an all-time high of $0.00008845 on October 28, 2021.

Back then, the market had not seen many positive events compared to today. Therefore, people are speculating that the recently introduced ETFs could usher in the biggest and most significant altcoin season. They predict that funds would flow from the traditional financial sector to the altcoin market via Ethereum spot ETFs.

Meanwhile, experts have been issuing bullish predictions for altcoins, including ETH and SHIB. As for SHIB, there are projections that the dog-themed token would surpass its ATH to new all-time highs between $0.0001 and $0.001 during the upcoming altcoin season.

It remains to be seen whether Shiba Inu will achieve these goals before the end of the 2024/2025 altcoin season.

Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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