The crypto sector has been showing increased volatility lately. Traders' attention is drawn to the statements of well-known experts in the crypto market, who share their forecasts and expectations.
Shiba Inu team member Lucie notified SHIB holders that a supercycle for the token is possible soon, which will be caused by Bitcoin activity due to halving.
Lucie published a chart on his official X page that shows the cryptocurrency hitting a low point and rebounding in every market cycle. This pattern usually prepares traders for a new bull market. This is the pattern presented in this market cycle: reaching a low and re-accumulating before a bull move. According to her, 2024-2025 will bring a lot of interesting things.
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Lucie urged members of the Shiba Inu community to scale back; prices for the super cycle remain at the same level. The upcoming Bitcoin halving has an impact on all cryptocurrencies and the crypto market as a whole, so SHIB will also be affected.
Past halving events have triggered significant growth in Bitcoin and cryptocurrencies. Even the anticipation of the halving is already keeping traders and investors on edge.
Oklink, a blockchain analyst, is counting down to the halving event, with a tentative date of April 20. According to his timer, there are two days and 13 hours left until the halving event.
After the halving event, SHIB may see a significant increase in the price of the token due to growing demand for Bitcoin and insufficient supply from miners.
At the time of writing, SHIB was trading at $0.00002189. The change for the day was -2.2%, and for the week, it was -18.9%.
It is worth noting that a possible supercycle for SHIB based on the upcoming halving of Bitcoin is not a guarantee of success, as future performance may not match past results.
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