Shiba Inu Team Maintains Positive Despite Market Challenges

April 13, 2024 at 02:46 PM GST updated: May 1, 2024 at 02:23 PM 2 mins read News

Lucie emphasizes market resilience and the normalcy of fluctuations in a bull market.
Anticipated ETF approvals in Hong Kong could boost market stability and growth.
Despite a price dip, increased SHIB trading volume indicates strong trader interest.

Shiba Inu’s team retains confidence in the face of the cryptocurrency market’s recent downturn. Lucie, the Shiba Inu market lead, spoke to the community and investors on the X platform today, making a point of the market’s resilience and the opportunities that fluctuations offer.

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It's funny, sad, but nothing changes.

Dips and dumps will happen even in a bull market, especially before the Hong Kong ETF or any other ETF comes into play.

Corporations and whales want to buy low, so we small holders hopefully won't shake out before the gains and profits…
— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) April 13, 2024

Lucie highlighted the cyclical nature of these movements. She pointed out that, “Dips and dumps are common, even in a bull market,” suggesting that these fluctuations are typical before significant market developments like the anticipated approval of Exchange Traded Funds (ETFs) in Hong Kong. This approval could mirror the positive outcomes seen from similar financial products in the United States, thereby potentially boosting the market once again.

Moreover, Lucie’s confidence in the upcoming ETF approvals illustrates her belief in the positioning of investors and major market players. These entities often capitalize on lower prices to build their positions, setting the stage for future gains. The introduction of Spot Bitcoin and Ethereum ETFs in Hong Kong is expected to foster increased market participation and investment, further stabilizing and potentially uplifting the market.

Shiba Inu Price Movements and Market Outlook

The Shiba Inu market has been bearish as the market waits for these developments. SHIB has seen a 11% value decrease in the last 24 hours, which is a reflection of the market conditions at present. The trading volume, However has increased by 166%, indicating a renewed trader interest and activity.

Lucie’s remarks serve as a reassurance to the Shiba Inu community and investors at large. Her confidence underscores a long-term vision for growth despite short-term market uncertainties. As the global cryptocurrency market continues to evolve, the Shiba Inu team’s optimistic stance offers a beacon of stability for its supporters and stakeholders.