As the cryptocurrency industry moves towards a booming season for altcoins, it is becoming popular Shiba Inu Team member and Head of Marketing Lucy announced that the season is the perfect time to showcase the potential of Shibarium, the project's layer 2 blockchain solution, to the larger cryptocurrency community. In this statement, Lucy positions Shibarium as a key participant in the altcoin boom by highlighting its distinct benefits and technological advancements.
Altcoin Season: Golden Opportunity for Shiba Inu Abilities in Shibarium
On Wednesday, Shiba Inu Lucy's chief marketing officer subscriber Her thoughts on the long-awaited altcoin season and its impact on the project ecosystem. According to Lucy, altcoin season is an exciting time as altcoins often perform better Bitcointhe largest cryptocurrency asset, which represents a great opportunity for Shibarium and ShibArmy.
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Altcoin season is an exciting period in which altcoins often outperform Bitcoin. For Shibarium and ShibArmy, it's a great opportunity.
During altcoin season, Lucy noted that money tends to move from Bitcoin to altcoins such as Gray, SHEB, BONE, LEASH and other Shibarium tokens. This shift in investment will likely significantly increase the value of these altcoins. Shibarium may thus become more widely used and beneficial to the environment, due to its distinctive qualities.
Another aspect that Lucy highlighted that was sparked by the altcoin season is the strength of the Shiba Inu community. During this period, ShibArmy enthusiasm may increase the visibility and appeal of Shibarium symbols.
The altcoin season will also cause increased trading volume and liquidity, according to the head of marketing. “Higher trading volume means more liquidity, making it easier to trade Shibarium tokens,” she said.
Finally, Lucy supports the growth of the second layer solution during altcoin season, as excitement may encourage Shibarium's growth and innovation, which will benefit the entire cryptocurrency community.
As a result, the Shiba Inu team member believes that making money during the altcoin season is not only something to consider but also an opportunity to establish. Shibarium's reputation in the field of cryptocurrencies and highlight its potential.
How to determine Altcoin season
Lucy also identified several factors to consider in order to determine when the altcoin season will start. The first aspect to pay attention to is investors' interest in Bitcoin and optimism about its price when the bull cycle begins.
When Bitcoin rises in value, it attracts all the attention and capital for a while. After witnessing significant increases, investors sell some Bitcoin to make profits, thus looking for the next big investment, and turning their attention towards altcoins, leading to… Altcoin season.
As more investors shift their investments towards the altcoin market, prices will rise significantly, outperforming Bitcoin in this period. “So, the rally starts with Bitcoin, and then the money flows into altcoins, creating an altcoin season where altcoins rise in value,” she added.
Featured image from iStock, chart from Tradingview.com