Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
The official marketing lead of the Shiba Inu team, Lucie, has taken to her account on the X social media platform 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” forLucie explained that an alt season is “an exciting period when alternative crypto often outperform Bitcoin.
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.”Lucie of Shiba Inu described several prerequisites for the arrival of an altcoin season. The first one is that the price of the flagship cryptocurrency, Bitcoin, would start going up, luring multiple investors as it does so.
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 Afterwards, having withdrawn money from the paramount crypto, they begin to invest it into altcoins – they are cheaper to get and promise bigger potential profits.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.Yuri is interested in technology and technical innovations.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »