Shiba Inu Team Says Altcoin Season Is Coming

Lucie, Shiba Inu’s marketing manager, hints at the upcoming altcoin season, a period characterized by increased activity and rising prices of alternative cryptocurrencies, such as SHIB.

The marketing manager made the statement while commenting on BlackRock’s recent promotional video for its iShares Ethereum Trust ETF (ETHA).

BlackRock ETHA promotional video

In the videoJay Jacobs, head of thematic and active ETFs at BlackRock US, highlighted Ethereum’s unique characteristics. According to Jacobs, Ethereum’s appeal lies in its utility.

He said that Ethereum can be compared to a global platform for decentralized applications, noting the growing demand for ETH. With the increase in interest in Ethereum, BlackRock introduced the iShares Ethereum Trust ETF to give investors exposure to the second-largest cryptocurrency.

BlackRock was among eight issuers that received SEC approval to launch a spot Ethereum ETF.

The company’s ETH ETF began trading yesterday at 9:30 a.m. EST, shortly after the promotional video was released, hit $22.5 million in volume in the first 15 minutes of trading.

Altcoin Season Is Coming

Commenting on BlackRock’s ETHA promotional video, Lucie noted that despite the growing interest in cryptocurrencies, critics continue to circulate terms such as FUD (fear, uncertainty and doubt), causing concern among investors.

He suggested that BlackRock release an Ethereum ETF video for potential investors amidst this panic. As a result, the marketing chief urged crypto investors to think big, adding that altcoin season is coming.

Shiba Inu Performance in Previous Altcoin Season

Most cryptocurrency investors are eagerly awaiting the altcoin season of this cycle, which could potentially lead to higher price spikes in digital assets other than Bitcoin, such as the Shiba Inu.

Recall that during the 2020/2021 altcoin season, the price of Shiba Inu skyrocketed, increasing by millions of percent until reaching an all-time high of $0.00008845 on October 28, 2021.

At that time, the market did not have many positive events compared to today. As a result, people are speculating that the recently introduced ETFs could usher in the bigger and bigger altcoin season. They predict that funds would flow from the traditional financial sector to the altcoin market via Ethereum spot ETFs.

Meanwhile, experts have released bullish predictions for altcoins, including ETH and SHIB. As for SHIB, there are projections that the dog-themed token will surpass its ATH to new records between $0.0001 and $0.001 during the upcoming altcoin season.

It remains to be seen whether Shiba Inu will reach these goals before the end of the 2024/2025 altcoin season.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the personal views of the author and do not reflect the views of The Crypto Basic. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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