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Shiba Inu Team Preps for Altseason, but What's Next for SHIB?
As the market prepares for altseason to launch into full swing, Lucie, a Shiba Inu team member, predicts a likely scenario of events.
Lucie outlined the sequence of events captioned as "altseason in short," including Bitcoin leading the charge, breaking major resistance and asserting dominance. Ethereum follows suit, signaling a rotation from BTC into altcoins. Top altcoins, including Solana (SOL) and XRP, begin to surge.
What's in for SHIB?
Lucie predicts a scenario where SHIB gains serious momentum, powered by the growing adoption of Shibarium. BONE becomes critical infrastructure, serving as gas for the Shiba Inu ecosystem’s transactions. LEASH reemerges, labeled "the sleeper underdog" with long-term potential. TREAT enters the spotlight, bridging AI innovations with rewards and rollout phases.
From here, things quickly escalate: Mid- and small-cap altcoins explode, with 5x to 100x gains. Meme coins like SHIB skyrocket, being driven by social hype and retail FOMO.
At the time of writing, SHIB was up 1.31% in the last 24 hours to $0.0000015, on track for its sixth consecutive day of gains since July 15.
Scam warning issued
Lucie predicts gas fees will spike, particularly on Ethereum, as altseason goes into full swing. Scams and rug pulls are also expected to increase, as less experienced traders flood the market.
In a recent scam warning by Susbarium, the Shiba Inu community is urged to stay alert as impersonator accounts pretending to be official Shiba Inu representatives become common. The intent of these accounts is often to mislead, direct to fake links, or even attempt to steal user information. To stay safe, users should always verify, avoid suspicious links and keep their private keys and seed phrases secret.
Finally, when the altseason reaches its tail end, Lucie predicts smart money exits, leaving latecomers as exit liquidity.