Altcoins
Shiba Inu Team Member Says Altcoin Season Is Shibarium’s Time to Shine
Empuriabrava, Spain, June 2021 – Man holding Shiba token, coin with Shiba symbol, concept of investment in Shiba token
As the cryptocurrency industry moves toward a thriving altcoin season, the popular Shiba Inu Team member and marketing lead Lucie proclaimed that the season was the perfect time to showcase the potential of Shibarium, the project’s layer 2 blockchain solution, to the broader cryptocurrency community. In this statement, Lucie positions Shibarium as a major player in the altcoin boom by highlighting its distinct advantages and technological advancements.
Altcoin Season: A Golden Opportunity for Shiba Inu’s Shibarium Abilities
Wednesday, Lucie, Shiba Inu marketing manager sharing his thoughts on the highly anticipated altcoin season and its impact on the project ecosystem. According to Lucie, Altcoin season is an exciting time where altcoins often perform better than Bitcointhe largest cryptocurrency asset, which presents a fantastic opportunity for Shibarium and the ShibArmy.
The message said:
Altcoin season is an exciting time when alternative cryptocurrencies often outperform Bitcoin. For Shibarium and the ShibArmy, this is a fantastic opportunity.
During altcoin season, Lucie pointed out that funds tend to move from Bitcoin to altcoins such as SHIB, SHEB, BONE, LEASH and other Shibarium tokens. This investment change could potentially significantly increase the value of these altcoins. Thus, Shibarium could become more widely used and benefit the ecology, due to its distinct qualities.
Another aspect highlighted by Lucie and triggered by altcoin season is the community power of Shiba Inu. Over the period, ShibArmy fervor could fuel more visibility and appeal for Shibarium tokens.
The altcoin season will also lead to an increase in trading volume and liquidity, according to the marketing executive. “Higher trading volume means more liquidity, which makes Shibarium tokens easier to trade,” she said.
Finally, Lucie advocates the development of the layer 2 solution during the altcoin season, as this enthusiasm could encourage the growth and innovation of Shibarium, which would benefit the entire crypto community.
As a result, team member Shiba Inu believes that making money during the altcoin season is not only a matter to consider but also an opportunity to establish ShibariumThe reputation of in the field of cryptocurrencies and highlight its potential.
How to Determine Altcoin Season
Lucie also identified several factors to look at in order to determine when an altcoin season begins. The first aspect to watch is investor interest in Bitcoin and optimism around its price at the start of the bull cycle.
When Bitcoin appreciates, it attracts all the attention and capital for a while. After experiencing significant increases, investors are selling Bitcoin to lock in profits, thus looking for the next big investment, turning their attention to altcoins, triggering a altcoin season.
As more investors shift their investments to the altcoin market, prices will rise significantly, outpacing Bitcoin’s performance over the period. “So a bull run starts with Bitcoin, and then money flows into altcoins, creating an altcoin season where altcoins gain value,” she added.
Featured image from iStock, chart from Tradingview.com