Altcoin
Team Member Shiba Inu Says Altcoin Season Is the Right Time to Let Shibarium Shine
Empuriabrava, Spain, June 2021 – Man holding a Shiba token, coin with Shiba symbol, Shiba token investment concept
As the cryptocurrency industry moves towards a thriving altcoin season, it becomes popular Shiba Inu Team member and marketing manager Lucie said the season is the perfect time to showcase the potential of Shibarium, the project’s layer 2 blockchain solution, to the broader cryptocurrency community. In this statement, Lucie positions Shibarium as a major participant in the altcoin boom by highlighting its distinct advantages and technological advancements.
Altcoin Season: A Golden Opportunity for Shiba Inu’s Shibarium Abilities
Wednesday, Lucie, marketing manager of Shiba Inu shared his insights into the long-awaited altcoin season and its impact on the project’s ecosystem. According to Lucie, Altcoin season is an exciting time where altcoins often perform better Bitcointhe largest cryptocurrency asset, which represents a fantastic opportunity for Shibarium and ShibArmy.
The post said:
Altcoin season is an exciting time where alternative cryptocurrencies often outperform Bitcoin. For Shibarium and ShibArmy it’s a fantastic opportunity.
During altcoin season, Lucie pointed out that funds tend to move from Bitcoin to altcoins like SHIB, SHEB, BONE, LEASH and other Shibarium tokens. This investment shift will potentially increase the value of these altcoins considerably. Therefore Shibarium could become more widely used and benefit the ecology, due to its distinctive qualities.
Another aspect highlighted by Lucie that will be triggered by the altcoin season is the power of the Shiba Inu community. Over the period, ShibArmy fervor could fuel greater visibility and appeal for Shibarium tokens.
According to the marketing manager, the altcoin season will also cause an increase in trading volume and liquidity. “Higher trading volume means more liquidity, making it easier to trade Shibarium tokens,” he said.
Finally, Lucie supports the growth of the Layer 2 solution during altcoin season, as the excitement could encourage Shibarium’s growth and innovation, benefiting the entire crypto community.
As a result, team member Shiba Inu believes that making money during the altcoin season is not all to consider, but also an opportunity to establish Shibariumin the cryptocurrency sector and highlight its potential.
How to Determine Altcoin Season
Lucie also identified several factors to look at to determine when altcoin season begins. The first thing to pay attention to is investor interest in Bitcoin and optimism about its price when the bull cycle begins.
When Bitcoin appreciates, it attracts all the attention and capital for a period. After experiencing significant increases, investors sell some Bitcoin to secure profits, thus looking for the next big investment, turning their attention towards altcoins, triggering a altcoin season.
With more and more investors shifting their investments to the altcoin market, prices will rise significantly, outpacing Bitcoin’s performance over the period. “So, a bull run starts with Bitcoin, then money flows into altcoins, creating altcoin season where altcoins increase in value,” he added.
Featured image from iStock, chart from Tradingview.com