In X’s latest tweet, Shiba Inu team member LucieSHIB spoke about the token’s continued price decline. The token has been unable to break through the $0.00002 mark and is struggling to maintain its exponential momentum. It’s October now, so let’s take a look back. Three years ago, the dog-themed token defied all odds and surged by a massive 1,000%.
For the uninitiated, Shiba Inu’s value surged by $1,000 in October 2021, with prices experiencing some dramatic reversals. LucieSHIB, marketing executive at the SHIB team, said the token could repeat its amazing 2021 performance this year.
"Asset prices, while hurting us holders (I feel the same), don't really matter, especially in a growing and well-established ecosystem. There is a good chance that the SHIB ecosystem could grow 1000% in 2-3 days. This is not financial advice, just my opinion," she tweeted.
Shiba Inu: Will SHIB rise 1,000% in October 2024?
Shiba Inu's current share price is $0.000017, and if it rises 1,000%, the share price could reach $0.000187. This directly means deleting one zero in the index and then trading three zeros. If the prediction is correct, a $1,000 investment could turn into $11,000.
However, LucisSHIB made it clear that her tweet was not financial advice, but just a passing thought. The marketing executive was simply reminiscing about 2021 and predicting until October 2024. Considering the trend in the cryptocurrency market, the chances of Shiba Inu rising 1,000% this month are slim.
