Lucie, a Shiba Inu ecosystem team member, shares a message from Shytoshi Kusama, as she reflects on the ongoing bloodbath in the crypto market.
The ongoing market downturn has dealt a heavy blow to major cryptocurrencies, including Shiba Inu (SHIB). SHIB, which soared to nearly $0.000045 in March, has lost 61% of its value ever since, currently priced at $0.00001733. The dog-themed token crashed to $0.00001642 yesterday, marking its lowest since March.
Current Market Reality
Amid the ongoing downturn, Shiba Inu’s marketing lead issued a statement reflecting the current challenges in the crypto market. Lucie emphasized that the market is undergoing a challenging phase, with many investors ‘panic selling.’
She pointed out that the prevailing market reality differs from investors’ desire for a bull market, which usually leads to a massive increase in crypto prices. According to Lucie, the current situation reminds her of the historical U.S. Gold Rush, stating that patience is required to create a legacy in the blockchain space.
Furthermore, she characterized decentralization as a painful process that could see many investors exit the market following the difficulties. Nonetheless, the marketing lead believes success is guaranteed for developers who focus on their long-term visions over short-term market fluctuations.
While Lucie is not against any investors who choose to panic sell, she pledged allegiance to enthusiasts walking the path of the ‘Shiba State’ and supporting Shibarium.
Kusama’s Message About Imperfection
Furthermore, the marketing specialist disclosed a message she received from Shiba Inu’s lead developer, Shytoshi Kusama. According to her, Kusama acknowledged imperfection during a conversation last week, emphasizing that ‘nothing is perfect.’
THIS MARKET ….
The market is tough right now, and people are panic selling. We all want a bull run, but instead, we’re facing challenges and seeing bad actors rushing in.
Remember the gold rush in the USA, it reminds me of this.—it takes time to build a legacy.… pic.twitter.com/ElNGK9Xi2x
— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) June 23, 2024
Kusama’s statement reflects a popular notion that nothing or nobody is without flaws. The remark stands in contrast with the unrealistic views expected from developers in the blockchain space.
Reacting, Lucie agreed with Kusama’s theory, affirming that humans are not gods but regular people striving to achieve greatness.
Adversity Shows Strength
Meanwhile, the Shiba Inu marketing lead said adversity reveals true strength, adding that some trees grow stronger during wild storms. This remark suggests that Shiba Inu could emerge stronger despite the challenges of widespread volatility across the broader market.
Currently, Shiba Inu is trading at $0.00001733, reflecting a 2.1% surge over the past 24 hours. However, it is currently down 5.43% on the weekly chart, 30.6% in the past 30 days, and 44.7% in the past three months.
Despite the drawdown, popular pseudonymous market watcher ‘Captain Toblerone’ projected that Shiba Inu could still spike to an ultimate target of $0.00045, marking a 2,496% surge from the current price.
