A crypto analyst has brought hope to members of the Shiba Inu (SHIB) community amidst a bear run, assuring that the downtrend will soon be over.
The Shiba Inu ecosystem has faced recent losses, with SHIB, BONE, and LEASH tokens all feeling the impact of the broader crypto market downturn. CoinMarketCap data for SHIB shows that its price in the past week has dropped by 5.29%.
LEASH has also experienced a substantial drop into double-digit losses at 11.1%. BONE is having the most trouble with a substantial drop of 14.5% in the past week. Despite these challenges, the Shiba Inu team and community remain hopeful for the future.
Lucie (@LucieSHIB), a Shiba ecosystem official, recently addressed the community in a post on X. She acknowledged the difficulties of bearing continuous losses, saying, “We’re all feeling exhausted, and we’re all experiencing losses—it’s tough.”
Lucie also emphasized that the Shiba Inu team was working hard to enhance the ecosystem by adding value to it.
We're all feeling exhausted, and we're all experiencing losses—it's tough.
But we're putting in our best effort to add value to our ecosystem.
Shibarium is decentralized, and all projects have their time to launch without us killing it with Shiba Ecosystem Dapps. They are… pic.twitter.com/Ow9wATIe3n
— 𝐋𝐔𝐂𝐈𝐄 | ✨Shibarium✨ (@LucieSHIB) September 7, 2023
The New Ecosystem and DCA
Lucie also highlighted the significance of Shibarium, describing its decentralized nature as a key driver for future growth. She reassured the community that the Shiba Inu team would take a patient approach to project launches within the ecosystem, emphasizing their intention to provide equal opportunities for other projects on Shibarium.
Turning her attention to traders, Lucie encouraged resilience and highlighted the potential benefits of Dollar-Cost Averaging (DCA). She says that although she’s tired, she’s not giving up and notes that while some traders may consider giving up, others could achieve substantial profits by adopting a DCA approach.
“Some will give up and some will win and take huge profits because now they DCA,” Lucie stated.
She shared a chart that showed Bitcoin’s timeline. This showed a clear pattern of upturns and downturns. The chart also suggests that the current bearish trend might be coming to an end. This is significant because the rest of the crypto market follows Bitcoin’s direction and a huge bull run will turn the rest of the market upward.
All signs are currently pointing toward a huge bull run for the entire crypto market. Google Bard recently predicted the price of SHIB for 2025, 2030, and 2050 and all signs point toward a surge in the price. From what the chart says, the SHIB community should be prepared for a 33 to 35-month bull run at least.