- The cryptocurrency market, including SHIB, is in a bearish phase, with SHIB down 91.76% from its all-time high.
- Negative sentiment prevails as the crypto market cap fell by 1.50% following the Fed rate decision.
- SHIB team member Lucie predicts a potential turnaround from October to November.
The cryptocurrency market, including Shiba Inu (SHIB), is in a bearish phase, with SHIB dropping 91.76% from its October 2021 peak of $0.000088. Despite this, Lucie from the SHIB team is offering an optimistic outlook.
The prolonged bear market has cast a shadow of doubt over investors’ confidence, and the ever-present specter of fear, uncertainty, and doubt (FUD) looms large over the horizon. In recent days, the atmosphere has grown even more pessimistic, with the overall crypto market capitalization experiencing a 1.50% dip in just the past 24 hours, spurred in part by the latest pronouncements from the Federal Reserve regarding interest rates.
Shiba Inu itself has yet to be immune to these trends. At the time of writing, SHIB is currently trading at $0.00000728. Nevertheless, Lucie has chosen to step forward as a beacon of hope amid this sea of apprehension and gloom.
This esteemed member of the Shiba Inu team is painting a promising picture for SHIB’s future, projecting the possibility of a remarkable turnaround in the not-so-distant future, potentially as early as the period spanning October to November.
Though the cryptocurrency market remains firmly trapped in the bear’s clutches, Lucie’s optimistic forecast has ignited a spark of hope among SHIB enthusiasts. With prices having plummeted significantly from their all-time highs in 2021, the current climate may present a strategic opportunity for investors to seriously contemplate the mass adoption of SHIB while its valuation remains relatively modest.
