Points
- SHIB’s social media marketing expert, Lucie, predicts an upcoming altcoin season.
- BlackRock’s Ethereum ETFs are expected to positively impact SHIB and other altcoins.
- SHIB burn rate has surged, with 60 million SHIB burned in the last 24 hours.
- SHIB’s price is trading at $0.00001731 after a minor decline.
SHIB Team Anticipates Altcoin Season
Lucie, the social media marketing expert for the SHIB team, has shared a bullish outlook for altcoins, predicting that an altcoin season is imminent. This optimistic view is based on the upcoming trading of spot Ethereum ETFs by BlackRock, which Lucie believes will benefit not only Ethereum but also Shiba Inu （SHIB） and other altcoins.
Impact of Ethereum ETFs
Lucie highlighted the significance of BlackRock’s advertisement for its Ethereum ETFs, set to begin trading soon. She expects this development to trigger an altcoin season, positively impacting SHIB and other tokens within the Shibarium ecosystem, including BONE, LEASH, and SHEB. According to Lucie, the anticipated capital inflows into Ethereum could spill over into these altcoins, driving their prices higher.
SHIB Burn Rate and Market Activity
The Shibburn explorer has reported a significant increase in SHIB’s burn rate. Over the past 24 hours, approximately 60,380,203 SHIB tokens have been removed from circulation, marking a 482.88% increase in the burn rate compared to the previous day. This reduction in supply could potentially support SHIB’s price in the long term.
Beincrypto
Despite the burn rate surge, SHIB’s price has experienced a minor decline, currently trading at $0.00001731. However, the ongoing burns and potential altcoin season provide a bullish outlook for the token.
解説
- Altcoin Season Indicators: The prediction of an altcoin season is based on the anticipated impact of Ethereum ETFs. Historically, significant events in major cryptocurrencies like Ethereum often lead to broader market movements, benefiting various altcoins.
- Supply Reduction: The increased burn rate of SHIB tokens suggests a deliberate effort to reduce supply, which could support price stability and potential appreciation. Supply dynamics play a crucial role in the valuation of cryptocurrencies.
- Market Sentiment: The bullish sentiment expressed by SHIB’s marketing expert reflects broader market optimism. Positive developments in the crypto space, such as the introduction of Ethereum ETFs, can enhance market confidence and drive investment into altcoins.
Lucie’s optimistic forecast for an upcoming altcoin season, coupled with SHIB’s increased burn rate, paints a positive picture for Shiba Inu and other altcoins. As
SHIB’s ecosystem continues to evolve and adapt, these factors could play a significant role in supporting the token’s price and encouraging investor confidence.