Bitcoin’s value has dropped sharply recently, but Lucie, a well-known member of the Shiba Inu marketing team, still has a lot of faith in the cryptocurrency’s future. Lucie says that SHIB is still set up for a possible super cycle by drawing comparisons to how Bitcoin’s market has moved in the past.
On Wednesday, April 17, Lucie talked about SHIB’s price forecasts on X (formerly Twitter) by showing a Bitcoin analysis chart from 2015 to 2024. This graph showed important times in the history of Bitcoin’s market, such as bear markets, re-accumulation periods, and bull markets.
Bitcoin’s Phases Forecast SHIB’s Super Cycle
Lucie pointed out that there are bottom phases and re-accumulation phases. During bottom phases, prices are low and there are small signs of growth. During re-accumulation phases, buyers buy cryptocurrencies at lower prices in preparation for future bull markets. Using Bitcoin’s past trends to help her case, Lucie pointed out bottom and re-accumulation periods that happened before major bull runs in 2015, 2017-2018, and 2019.
After a period of re-accumulation in 2023, Lucie thinks that Bitcoin’s next bull market could happen between 2024 and 2025, based on this research. She applies this prediction to SHIB and stays optimistic about the meme coin’s chances of a super cycle, even though its price has recently dropped.
Although the price of SHIB has dropped 23.24% in the past month and another 21.99% in the past week, major holders, who are sometimes called “whales,” are still eagerly purchasing SHIB coins. An unknown “whale” bought 223 billion SHIB tokens, worth more than $5.7 million, not long ago, when the price dropped to $0.00001830.
There are a lot of people who want to buy SHIB because they think the price will go up again during future bull runs. The most current data from CoinMarketCap shows that SHIB is worth $0.000021. The previous high was $0.000045 in March, so this is a major drop. However, it is still a long way from its all-time high of $0.00008616 in October 2021.
