In a recent tweet, the Shiba Inu team’s marketing leader Lucie addressed the SHIB army while wondering if the SHIB meme coin is about to enter the “optimism” stage, which promises a major price increase. .
In a recent tweet, the Shiba Inu team’s marketing leader Lucie addressed the SHIB army while wondering if the SHIB meme coin is about to enter the “optimism” stage, which promises a major price increase. .
The next stages after “optimism” are “belief”, “excitement” and “euphoria”, with even bigger price jumps.
SHIB exec hints at possible raise soon
Lucie posted a screenshot of the “Wall Street Cheat Sheet,” showing all the psychological stages of a market cycle reached by assets, with all the ups and downs: disbelief, hope, optimism, belief, complacency, anxiety, denial and many more. .
Lucie believes that the Shiba Inu could be about to enter the “optimism” stage, which is characterized by a notable price increase. This step in the diagram is described as “This rally is real.”
“Optimism” is followed by “belief” (“It is time to fully invest,” the diagram says), then comes “excitement” (“I will buy more on margin. I have to tell everyone to buy!”) and “euphoria”. (accompanied by slogans: “I’m a genius! We’re all going to be rich!”).
SHIB Price Action
The SHIB army’s reaction to that statement was mixed, with many optimistically agreeing with Lucie and expecting a price increase soon. However, many SHIB fans in the comments also expressed their doubts and uncertainty about Lucie’s assumptions.
After the massive 11% drop that SHIB saw on Tuesday (with a large red hourly candle), the second largest meme cryptocurrency has been trading sideways. moving in a range between the support at $0.00001772 and the resistance at $0.00001891, striving to overcome the latter.
Yuri MolchanSHIB burns soar 530%
Meanwhile, an important Shiba Inu metric, burn rate, has shown an impressive 530% increase during the last 24 hours. Thus, a total of 37,534,163 meme coins were transferred to unusable blockchain addresses.
Out of 13 transactions, six were made from the same wallet -d3e43, as it burned 15.8 million SHIB. The largest transaction, made by another wallet, carried 10,027,548 SHIB.
So far, 410,727,009,502,240 SHIB of the total circulating supply have already been burned. However, the 410 billion SHIB was burned by Ethereum co-founder Vitalik Buterin in 2021. The rest has been burned since early 2022 by the joint forces of the community and the SHIB team.
