Lucie claims crypto exchanges prioritize paid listings over project development, exposing manipulation in token listings across centralized platforms.
Despite Elon Musk’s prior influence, Lucie believes market conditions prevent him from significantly impacting Dogecoin’s price now.
Lucie urges Shiba Inu’s community to focus on Shibarium and anticipate a possible market recovery amid low adoption and current challenges.
Lucie, Shiba Inu’s marketing lead, recently voiced concerns about cryptocurrency exchange practices, drawing attention to the challenges of listing tokens. Through posts on X, Lucie revealed how some exchanges focus on tokens with hype rather than project stability. Her statements shed light on the financial hurdles many crypto projects face, with token listings often requiring substantial payments. These practices favor short-term gains from trading fees rather than ensuring long-term project success.
Lucie on Paid Listings and Market Manipulation
Lucie argued that token listings are frequently influenced by monetary incentives rather than a genuine interest in project fundamentals. While some projects are eager to gain visibility through listings, Lucie warned that this strategy may not necessarily translate into sustainable success.
The crypto market, she claimed, is highly manipulated, with exchanges prioritizing their interests. This creates a competitive environment where smaller projects often struggle to gain traction unless they can afford the high listing fees demanded by these platforms.
https://twitter.com/LucieSHIB/status/1835650923671990585
Elon Musk’s Declining Influence on Dogecoin
Besides exposing exchange practices, Lucie discussed Dogecoin and its connection to Elon Musk. Musk, who once significantly influenced Dogecoin’s price through public endorsements, is now seeing diminished effects on the market. Lucie emphasized that current market conditions, particularly the slow adoption of new crypto holders, have made it difficult for even high-profile figures to influence token prices. In her view, celebrity involvement, which once sparked market enthusiasm, no longer holds the same power to drive substantial price movements for Dogecoin.
Shiba Inu’s Focus on Shibarium Development
Despite these challenges, Lucie remains optimistic about Shiba Inu’s future, encouraging the community to support Shibarium, the project’s Layer 2 solution. Though adoption has been slow, she believes a bull market could be on the horizon. Lucie urged the SHIB community to stay focused on Shibarium's progress, as it plays a crucial role in Shiba Inu's long-term strategy.
