In a recent tweet on X, Shiba Inu team member LucieSHIB touched upon the token’s relentless price decline. The token cannot climb above the $0.00002 mark and is struggling to maintain momentum in the indices. Now that it’s October let’s walk down memory lane. The dog-themed token defied all odds and surged by a massive 1,000% three years ago.
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For the uninitiated, Shiba Inu spiked 1,000 in value in October 2021 and had some dramatic turnarounds in price. LucieSHIB, the marketing head of the SHIB team, suggested that the token could repeat its phenomenal 2021 performance this year.
“The asset price, as much as it hurts us holders (I’m feeling it too), is irrelevant, especially in a well-established ecosystem that keeps developing. It’s very possible for the SHIB ecosystem to pull off a 1000% increase in a matter of 2-3 days. Not financial advice, just how I see it,” she tweeted.
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Shiba Inu: Will SHIB Rise 1,000% in October 2024?
Source: Unsplash
Shiba Inu is currently trading at the $0.000017 level, and a 1,000% spike could take it to $0.000187. That’s straightforwardly deleting a zero and trading with three zeroes in the indices. If the projection is true, an investment of $1,000 could turn into $11,000.
However, LucisSHIB made it clear that her tweet is not financial advice but just a passing thought. The marketing head only walked down memory lane to 2021, projecting it to October 2024. Considering how the cryptocurrency market is moving, there’s a slim chance of Shiba Inu rising 1,000% this month.
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The cryptocurrency market barely repeats its previous performance as it relies on the current market conditions. If it spiked 1,000% three years ago, there’s no guarantee it will repeat the performance during the same month three years later. LucisSHIB’s tweet must be taken with a grain of salt and investors must not be associated with it seriously.
