Shiba

bullish

when

Shiba Inu

Chains

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<p dir="ltr">In her&nbsp;<a href="https://u.today/crucial-shib-fud-warning-issued-by-shiba-inu-team" rel="noopener noreferrer nofollow">characteristic manner</a>,&nbsp;Lucie, the marketing lead of the Shiba Inu ecosystem, has issued a crucial message to cryptocurrency investors and members looking to invest. In a <a href="https://x.com/LucieSHIB/status/1831272893453389989" rel="noopener noreferrer nofollow">post</a> on X, Lucie highlighted the growing trend in the crypto ecosystem, which has led to an oversaturation of the space with nonviable projects.</p>
<h2 id="upsurge-in-unsustainable-crypto-projects">Upsurge in unsustainable crypto projects</h2>
<p dir="ltr">According to Lucie, many of these new projects need more genuine supporters. Even when present, the support base needs to be bigger to guarantee sustainability. Therefore, when a new chain with only a few hundred supporters enters the market, the resultant effect becomes "pump-and-dump."</p>
<p dir="ltr">The Shiba Inu marketing lead maintains that the market has a way of winnowing pretenders from the scene. "Chains with only a few hundred supporters can’t make it, and tokens driven by <a href="https://u.today/crypto-industry-is-being-plagued-by-pump-and-dump-schemes" rel="noopener noreferrer nofollow">pump-and-dump</a> hype won’t succeed. Eventually, the market will separate quality from trash," she stated.</p>
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 <p lang="en" dir="ltr">There are too many chains and tokens at this point, but no new retailers. It makes zero sense. Chains with only a few hundred supporters can’t make it, and tokens driven by pump-and-dump hype won’t succeed. Eventually, the market will separate quality from trash.DYOR</p>— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) <a href="https://twitter.com/LucieSHIB/status/1831272893453389989?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 4, 2024</a>
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<p dir="ltr">Lucie emphasized the upsurge in the number of chains, that is, blockchain networks and tokens (cryptocurrencies) on the market. However, this proliferation has yet to lead to a corresponding increase in utility or adoption by retailers or real-world businesses.</p>
<p dir="ltr">The marketing lead cautioned investors to carefully evaluate or research a project before investing their funds and time to prevent losses occasioned by pump-and-dump. Usually, such projects fade away when a market correction occurs.</p>
<h2 id="crypto-project-s-survival-depends-on-utility">Crypto project's survival depends on utility</h2>
<p dir="ltr">Although Lucie mentioned no specific crypto project, her message to the community aligns with an earlier one <a href="https://u.today/crypto-survival-shib-warning-published-by-shiba-inu-team" rel="noopener noreferrer nofollow">reported by U.Today</a> about crypto survival. In that update, Lucie stated that not all cryptocurrencies will remain solvent by 2026, as thousands of projects will battle for survival. Specifically, only those with real-world utility will make it.</p>
<p>At the time of writing, general market sentiment on Shiba Inu was 79% bullish and 21% bearish despite its low price performance. Shiba was changing hands at $0.00001307, down by 3.87%,&nbsp;<a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">per</a> data from CoinMarketCap.</p>

Crucial Pump and Dump Warning Issued to Shiba Inu Community

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