According to U.Today, during bearish periods in the digital currency ecosystem, investors often lose faith. Shiba Inu Marketing Lead, Lucie, has recently offered advice on how community members can manage these challenging times. She noted that bearish market days are typically marked by extended periods where Shiba Inu ends the trading day in the negative. At the time of the report, Shiba Inu had dropped by 0.34% in 24 hours and by over 15% in the past week.
Lucie advised long-term investors to distance themselves from the market during these periods. She suggested that they should focus on long-term goals instead. For the Shiba Inu community, the long-term goal is to reach a one-cent price point. To achieve this, a significant amount of SHIB would need to be removed from circulation through burning, and more use cases would need to be introduced to the market.
Lucie also stressed the importance of self-education to navigate the bear market successfully. She recommended limiting exposure to social media, where fear, uncertainty, and doubt (FUD) often spread. She also advocated for portfolio diversification and maintaining connections with positive communities while practicing discipline. Lucie highlighted the importance of taking breaks when necessary, as investors often perform better when they reflect on past market cycles.
Despite the current bearish trend, it is unlikely that Shiba Inu will remain down indefinitely. Given its strong correlation with Bitcoin (BTC), it is expected to follow any bullish recovery that the leading coin might experience. The project's Ethereum-based layer-2 scaling solution, Shibarium, is also a significant factor to consider as Shiba Inu plans its recovery.
