U.Today – The official marketing lead of the 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.”

Here’s when Lucie expects alt season to happen

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 Afterwards, having withdrawn money from the paramount crypto, they begin to invest it into altcoins – they are cheaper to get and promise bigger potential profits.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.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or
remove ads
.

This boosts hype on the market: “The excitement brings in even more investors, pushing altcoin prices higher.”

This article was originally published on U.Today


Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *