Yes

>>Expect significant Shiba Inu price increases when the altcoin market rallies. Be ready to participate.

Expect significant Shiba Inu price increases when the altcoin market rallies. Be ready to participate.

crypthub

about 9 hours ago

Shiba Inu Price Projections

A recent projection suggests Shiba Inu (SHIB) could experience a parabolic price increase when the next altcoin cycle begins. This forecast ties SHIB’s performance closely to market timing and a rotation of capital into smaller-cap tokens. However, it appears to overlook immediate project-related events and their impact on investor confidence. The potential for this movement relies on the timing of the market and how tokens are distributed.

Recent Security Breach Impact

A significant security breach on the Shibarium bridge earlier this month has introduced financial losses and operational disruptions to the Shiba Inu ecosystem. The exploit forced immediate security measures and a temporary shutdown of bridge operations, impacting the network's functionality. This event adds a new layer of complexity beyond mere market timing for a positive rally.

Community Concerns & Tokenomics

Various community members have expressed skepticism regarding the projection's validity, citing a lack of fundamental interest and the ongoing presence of trillions of SHIB tokens in circulation. Concerns center around whether an alt season is guaranteed and if SHIB can realistically achieve substantial gains without addressing its massive supply. Real progress on supply reduction is vital to maintain a positive outlook.