Mason Versluis, the founder of Gold Squad Says Shiba Inu is Unlikely to hit its previous all-time high.
The crypto enthusiast and Shiba Inu (SHIB) token holder, has recently spoken out to emphasize that the SHIB token, which skyrocketed in value to reach its ATH, is unlikely to reach its all-time high (ATH) again in the near future.
Read More: How Far Can Shiba Inu (SHIB) Grow in 2023? Let’s Go into Details
The coin is currently struggling to reclaim its previous ATH, but Mason believes this is not feasible. “I am pretty confident $SHIB will never go past all-time high again ($0.00008845),” The Gold Squad founder stated in his tweet.
I am pretty confident $SHIB will never go past all time high again ($0.00008845)
What do y’all think?
— MASON VERSLUIS 🏆🔮 (@MasonVersluis) May 8, 2023
Mason’s comments come hot on the heels of a massive surge in the value of SHIB tokens, which were worth just two cents at the start of 2021 but saw a meteoric rise in value to an ATH of $0.00008845 in mid-May. Since then, the token’s price has dropped sharply, and today trades at around $0.000008, a significant drop from its ATH.
Mason, the founder of Gold Squad, believes that the token’s sharp rise in value was largely due to the hype surrounding the coin.
The digital asset spiked by an unprecedented scale to an all-time high of $0.00008845 in October 2021 during the crypto bull run. The coin’s price plummeted by 71% four months later but found support around the $0.000025 area.
While reacting to his claim on Twitter, Tony JRNY, the owner of the NFT project JRNY Club, says that to hit previous highs, it “would take some groundbreaking utility and FOMO.”
It would take some ground breaking utility and FOMO
— JRNY Crypto (@JRNYcrypto) May 8, 2023
Mason believes that while SHIB has the potential to continue to increase in value over time, it is unlikely that it will ever reach its ATH again. He believes that the coin is at its top value and that any further price appreciation is likely to be slow and steady.
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