According to U.Today, Lucie, the official marketing lead of the Shiba Inu team, recently shared her expectations regarding the price behavior of SHIB, BONE, and LEASH during a potential altcoin season. She used her social media platform to explain the concept of an altcoin season to crypto beginners and highlighted the main factors that trigger it. Lucie views this as a great opportunity for Shibarium and its main coins, as well as the Shiba Inu community.
In her explanation, Lucie described an altcoin season as a thrilling period when alternative cryptocurrencies often outperform Bitcoin. This is when a shift in profits occurs, with money moving from Bitcoin to altcoins such as SHIB, BONE, and LEASH, all part of the Shibarium ecosystem. This shift can significantly increase their value. Lucie believes that the unique features of Shibarium can attract a broader cryptocurrency community, enhancing the ecosystem. Increased trading volume of Shibarium tokens would improve liquidity, making trading these tokens easier. She reassured the community that an altcoin season is not just about taking profits but also an opportunity to showcase Shibarium's potential and solidify its position in the crypto world.
Lucie also outlined several prerequisites for an altcoin season. Firstly, the price of Bitcoin, the leading cryptocurrency, would start to rise, attracting numerous investors. As Bitcoin's price increases, it garners all the market attention and investment. Once Bitcoin reaches new highs, investors begin to sell to secure profits. After withdrawing money from Bitcoin, they start investing in altcoins, which are cheaper and offer potentially larger profits. Investors also start looking for cryptocurrencies with significant potential in the near future. This leads to a surge in altcoin prices, surpassing Bitcoin's growth, and further fuels market excitement, attracting even more investors and pushing altcoin prices higher.