In a post published on Wednesday, Lucy shared some insights on the potential price movement of Shiba Inu (SHIB).
A member of Shiba Inu's marketing team provided a chart depicting the #bitcoin price trend from 2015 to 2024, highlighting key periods that indicate a bottom phase, a re-accumulation phase, and a bull cycle. Mr. Lucy believes that this pattern is currently in the process of forming, and that the bottom and re-accumulation phases will lead to the start of a full-blown bull rally.
Based on historical data, Mr. Lucy predicts that the next bitcoin bull market will begin between 2024 and 2025 on the back of a re-accumulation phase that occurred in 2023. Lead marketer Shibainu sees these parallel market movements as evidence that the #SHIB price is heading towards a supercycle (a period of exponential growth). For this reason, Lucy urged the SHIB community to raise the price.
Zoom out.
As far as I can tell, we are still on the way to a supercycle. There is no straight line to heaven.
Bitcoin's blockchain grant, which happens every four years, is a historic tipping point for #cryptocurrencies . This milestone is embedded in bitcoin's code and is an important part of how it works. Currently, miners receive 6.25 #BTC for every block created. That will change on April 20, when the reward will drop to 3.125 BTC.
Miners will mine fewer coins and there will be fewer bitcoins in circulation. If history is to be believed, the price of alpha cryptocurrencies will skyrocket as a result.
After BTC drops by half, the SHIB corp expects the super cycle to begin. Lucy predicts that a bitcoin bullwave could push the SHIB price movement into the stratosphere.
At the time of writing, SHIB is trading at $000002555 and is up 12.2% in the last 24 hours.
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