Shiba Inu (SHIB) marketing leader Lucie is in the spotlight with a post indicating a potential breakout in SHIB’s price. Lucie asked the SHIB community a question via a tweet. She inquired whether the market has entered an optimism phase, which is considered a precursor to a significant price increase.
Lucie Believes SHIB Price Will Rise
According to the “Wall Street Cheat Sheet” referenced by Lucie, the market transitions to phases like “belief,” “excitement,” and “euphoria” after the optimism phase. In each phase, prices gradually increase.
The infographic “Wall Street Cheat Sheet” outlines the psychological stages that assets go through during a market cycle. These stages include disbelief, hope, optimism, belief, complacency, anxiety, and denial.
Lucie’s assertion that SHIB has entered the “optimism” phase indicates that the cryptocurrency world is ready for a rally. This phase typically represents a period where participants start to believe in the rally’s validity. Additionally, during this phase, investor sentiment increasingly drives the desire to invest more.
Reactions from the Cryptocurrency Community
Cryptocurrency SHIB community reactions show that some share Lucie’s optimism and support her. These individuals expect an increase in SHIB’s value. However, not everyone shares this view, indicating a lack of consensus.
While optimism is present, looking at the cryptocurrency SHIB price, we see a downward movement. Accordingly, SHIB’s price is down 3% today, trading at $0.00001778. Currently, the $0.00001891 level has become a resistance for SHIB.
Lastly, it should be noted that 410,727,009,502,240 SHIB have been burned to date. Vitalik Buterin made the most significant contribution to the burns in 2021. At that time, Buterin burned 410 trillion SHIB. Since then, approximately 727 billion SHIB have been burned. However, it is essential to emphasize that the burns have not significantly impacted the price.
