FMP
SHIB, BONE and LEASH - Price Behaviour Explained
May 16, 2024 9:31 AM - Parth Sanghvi
Image credit: Art Rachen
The official marketing lead of the Shiba Inu team, Lucie, has taken to her account on the X social media platform (formerly known as Twitter) to issue an announcement about the SHIB, BONE, and LEASH price behavior she expects to see during a hypothetical approaching altcoin season.
She explained, for crypto beginners, what an alt season is and revealed the main drivers that cause it to happen. Lucie believes that it is “a fantastic opportunity” for Shibarium, its main coins SHIB, BONE, and LEASH, and for the Shib army as well.
Alt Season Explained to SHIB Army
As it happens, the unique features of Shibarium can attract the attention of a wider cryptocurrency community and its adoption would enhance the ecosystem. A higher trading volume of Shibarium tokens would ensure an increase in liquidity, and trading these tokens would become easier.
Lucie assured the community that an alt season is not only about taking profits off the table, but it is also “a chance to showcase #Shibarium's potential and cement its place in the crypto world.”
When to Expect Alt Season
Once investors holding Bitcoin see it surging to new highs, they begin to sell to lock in profits. Afterwards, having withdrawn money from the paramount crypto, they begin to invest it into altcoins - they are cheaper to get and promise bigger potential profits. They also begin to look for a cryptocurrency with major potential in the near future. Altcoin prices begin to surge, surpassing Bitcoin's growth.
For more cryptocurrency insights and updates, stay tuned to the latest news using the Crypto News API.
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