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Cryptocurrency News Articles
Shiba Inu (SHIB) Awaits 'Uptober' Surge as Lead Marketing Strategist Hints at Market Cycle Rally
Sep 29, 2024 at 05:30 am
Shiba Inu (SHIB) traded subdued on Thursday amid a quiet broader crypto market. However, despite a notable decline from its March peak of around $0.000045, SHIB has demonstrated resilience.
Shiba Inu (SHIB) price remained largely stagnant on Thursday as the broader crypto market also saw subdued price movements. However, SHIB has shown resilience despite a notable decline from its March peak of around $0.000045.
SHIB is currently trading at $0.00001951 after a massive 33.19% surge over the past 7 days. The second largest meme token is now at a crucial support level, which sparked the February-March mini-bull run this year.
But as SHIB price consolidates, “LUCIE,” the lead marketing strategist for the Shiba Inu ecosystem, sparked curiosity within the SHIB community with a cryptic but optimistic forecast.
In a tweet on Sep. 11, LUCIE hinted at a possible significant surge in SHIB price this October, based on past trends. The tweet also playfully included common terms used by the crypto community to describe the general “crypto mood” for different months.
“Some people don’t know this based on past experiences of certain traders… ‘Uptober – When October brings the long-awaited pump.” the pundit wrote.
LUCIE also provided a broader perspective on market cycles, suggesting that while September, which is also known as “Rektember,” often brings challenges and portfolio setbacks, October might offer a significant rebound. The strategist went on to speculate that December, which is also known as “Pumpcember,” could bring an end-of-year rally, adding a festive boost to prices.
“Uptober” is a term commonly used in the crypto space to suggest that October could bring a strong price increase, based on past performance patterns. Examining SHIB price performance in recent years, the fourth quarters of 2021, 2022, and
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- Shiba Inu (SHIB) Price Prediction: Can SHIB Continue to Explode?
- Sep 29, 2024 at 10:15 am
- Shiba Inu has enjoyed an explosive rally this week, fueled by a growing bullish sentiment in the crypto market. But can SHIB continue to explode in the months ahead?
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