Shiba

Rally

Merlin Chain

Shiba Inu

<img decoding="async" width="1200" height="675" src="https://coingape.com/wp-content/uploads/2024/02/shiba-inu-SHIB.jpg.optimal-e1708019280683.jpg" class="attachment-full size-full wp-post-image" alt="Shiba Inu's LUCIE Spotlights SHIB's Market Resiliency, Price Rally Ahead?" style="float:right; margin:0 0 10px 10px;">
In a bid to instill a burst of optimism, Shiba Inu’s marketing lead LUCIE recently took to a post on X, drawing attention to SHIB’s considerable market resiliency over the past two years. Notably, emerging amidst the token’s recent price correction, this post by LUCIE gained significant traction, reassuring traders of an imperative price rally ahead. 
Here’s a closer look at Shiba Inu’s marketing lead’s post, which appears to have triggered a sense of frenzy among investors across the global crypto realm. 
<h2 id="lucie-optimistic-on-shib-despite-market-corrections">LUCIE Optimistic on SHIB Despite Market Corrections</h2> 
According to LUCIE’s recent post on X, SHIB has upheld its ranking by global market cap for over two years now, despite investor skepticism and bearish market trends. Shiba Inu ranks 11th by global market cap, per <a href="https://coinmarketcap.com/" target="_blank" rel="noopener">CoinMarketCap’s data</a>, as also spotlighted by LUCIE. This potentially paves the way for ‘nothing but an upward trajectory,’ LUCIE added, injecting a dash of bullishness into the token. 
Meanwhile, Shiba Inu’s resiliency further rides an optimistic tide as it underscores bulls offering support to the token, cushioning its ranking from taking a fall in the market. LUCIE added that “this is not just a trendy meme that will be abandoned by degens at the first sight of a new trend,” suggesting that people actively participate in bringing out developments for the SHIB community. This falls in line with the remarkable resiliency SHIB showcased over the past two years, with the community’s remarkable cryptographic ventures and phenomenal <a href="https://coingape.com/shiba-inu-community-burns-774m-shib-despite-market-crash-what-next/" target="_blank" rel="noopener">SHIB token-burning</a> sagas further weighing in. 
The marketing lead additionally stated that the token’s price is ‘irrelevant at this point in the market,’ pointing toward SHIB’s notable correction witnessed ahead of the <a href="https://coingape.com/halving/bitcoin-halving/" target="_blank" rel="noopener">BTC halving</a>. This statement is primarily attributed to altcoins mimicking Bitcoin’s price action pre &amp; post-halving, with the BTC token currently experiencing <a href="https://coingape.com/bitcoin-halving-analyst-unveils-key-phases-potential-btc-price-momentum/" target="_blank" rel="noopener">pre-halving retracement</a>. 
Also Read: <a href="https://coingape.com/ex-coinbase-exec-nana-murugesan-joins-zksync-developer-matter-labs-as-president/" target="_blank" rel="noopener">Ex-Coinbase Exec Nana Murugesan Joins zkSync Developer Matter Labs As President</a> 
<h2 id="shiba-inu-price-slips">Shiba Inu Price Slips</h2> 
As of writing, the <a href="https://coingape.com/price/shiba-inu/" target="_blank" rel="noopener">Shiba Inu token</a> jotted down a fall of 2.97% in the past 24 hours and is currently trading at $0.00002176. The token’s correction over the past seven days has piqued substantial investor attention, with the price plunging 22.60%. 
Coming in tandem with this price correction, LUCIE’s post ignited a frenzy, birthing speculations over an imminent pump for the token. Further, historical data suggests that altcoins follow Bitcoin’s upsurge post-halving, adding to the optimism orbiting a <a href="https://coingape.com/markets/5-meme-coins-to-buy-pre-bitcoin-halving-for-100x-profit-in-2024/" target="_blank" rel="noopener">potential rally for Shiba Inu</a> ahead. 
Also Read: <a href="https://coingape.com/bitcoins-l2-merlin-chain-unleashes-half-of-merl-airdrop-tokens-at-tge/" target="_blank" rel="noopener">Bitcoin’s L2 Merlin Chain Unleashes Half of MERL Airdrop Tokens at TGE</a> 
The post <a href="https://coingape.com/shiba-inu-lucie-spotlights-shib-market-resiliency-price-rally-ahead/">Shiba Inu’s LUCIE Spotlights SHIB’s Market Resiliency, Price Rally Ahead?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Shiba Inu’s LUCIE Spotlights SHIB’s Market Resiliency, Price Rally Ahead?

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