The official marketing lead of the Shiba Inu team, Lucie, has taken to her account on social media platform during a hypothetical approach. altcoin season.
The official marketing lead of the Shiba Inu team, Lucie, has taken to her account on social media platform during a hypothetical approach. altcoin season.
He explained, for crypto beginners, what an altseason is and revealed the main drivers that cause it. Lucie believes it is “a fantastic opportunity” for Shibarium, its main coins SHIB, BONE and LEASH, and also for the Shib army.
Alternate Season Explained to SHIB Army
Lucie explained that an alt season is “an exciting period where alt cryptocurrencies often outperform Bitcoin.” This is when a profit shift starts to occur, she said, and Bitcoin money starts flowing into altcoins, including SHIB, BONE, SHEB and LEASH, which belong to the Shibarium ecosystem. It will increase its value quite significantly.
It just so happens that Shibarium’s unique features may attract the attention of a broader cryptocurrency community and its adoption would improve the ecosystem. Higher trading volume of Shibarium tokens would ensure increased liquidity and trading of these tokens would be easier.
Lucie assured the community that an altseason is not just about taking profits off the table, but is also “an opportunity to showcase the potential of #Shibarium and cement its place in the world of cryptocurrencies.”
This is when Lucie hopes the alternate season will happen
Shiba Inu’s Lucie outlined several prerequisites for the arrival of an altcoin season. The first is that the price of the flagship cryptocurrency, Bitcoin, would begin to rise, attracting multiple investors as it does so. Therefore, BTC attracts all the attention of the market and collects all the investment money.
Once investors who own Bitcoin see it hitting new highs, they start selling to lock in profits. Then, after having withdrawn money from the main cryptocurrency, they start investing it in altcoins: they are cheaper to get and promise higher potential profits. They are also beginning to look for a cryptocurrency with greater potential in the near future. Altcoin prices begin to rise, outpacing Bitcoin’s growth.
This increases enthusiasm in the market: “Enthusiasm attracts even more investors, which drives up altcoin prices.”
