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Amid the continued topsy-turvy state of affairs within the broader cryptocurrency market, Lucie, the market lead for Shiba Inu, has emerged with a reassuring stance. Notably, regardless of widespread unease over the plummeting costs within the digital asset sector, Lucie’s current remarks have injected a dose of optimism into the SHIB neighborhood.

So, let’s check out the potential motive that may have triggered the current market sell-off based on Lucie.

Shiba Inu Team Optimistic Despite Market Turmoil

The current remark from the Shiba Inu market lead amid the current crypto market selloff has captured the eye of each crypto fanatics and the Shiba Inu neighborhood. Addressing considerations of a possible sell-off, Lucie expressed a steadfast perception out there’s resilience.

In a current X publish, the Shiba Inu exec acknowledged:

“Dips and dumps will happen even in a bull market, especially before the Hong Kong ETF or any other ETF comes into play.”

This displays her confidence within the forthcoming developments within the cryptocurrency panorama, significantly with the anticipation surrounding the approval of Spot Bitcoin and Ethereum ETFs in Hong Kong.

Besides, the outlook underscores the cyclic nature of market fluctuations and the strategic positioning of companies and whales aiming to capitalize on shopping for alternatives. With the approaching approval of ETFs in Hong Kong, mirroring the success witnessed with U.S. Spot Bitcoin ETFs, the Shiba Inu workforce’s perspective offers a reassuring narrative amid the present market volatility.

In addition, her point out of the “SUPER CYCLE” hints on the broader trajectory she envisions for the crypto market, regardless of short-term fluctuations.

Also Read: GBTC Outflows Surge Past $16 Billion, Defies CEO’s ‘Equilibrium’ Comment

Hong Kong ETF Approval Sparks Discussions

The anticipation surrounding the approval of Spot Bitcoin and Ethereum ETFs in Hong Kong, slated for as early as April 15, has reignited optimism inside the world crypto neighborhood, in addition to within the SHIB neighborhood. Following the profitable introduction of Spot Bitcoin ETFs within the United States, the prospect of growth into the Asian market is met with anticipation.

Notably, this transfer not solely indicators a rising acceptance of cryptocurrencies but additionally opens new avenues for funding and market participation.

Meanwhile, the volatility witnessed forward of the approval of U.S. Spot Bitcoin ETFs earlier this 12 months serves as a reminder of the inherent fluctuations inside the crypto area. However, the current remarks from the Shiba Inu workforce provide a counterbalance to the prevailing apprehension, emphasizing the long-term potential of the market amidst short-term uncertainties.

As buyers await the end result of regulatory selections, Lucie’s confidence serves as a beacon of hope, reassuring stakeholders of brighter days forward within the unstable but promising world of cryptocurrencies. Notably, the Shiba Inu price retreated 11.94% as of writing and traded at $0.00002433, whereas its one-day buying and selling quantity rocketed 164.45% to $1.19 billion.

Over the final 24 hours, the meme coin has touched a excessive of $0.00002776 and a low of $0.00002233, reflecting the continued unstable state of affairs within the crypto market.

Also Read: Coinbase Challenges SECs Authority On Crypto Transactions, Files for Interlocutory Appeal

✓ Share:

• Shiba Inu Team Ditches Concern Over SHIB Price Fall, Here’s Why
• Four Ethereum Whales Dump $106 Million Worth ETH, Sub $3000 ETH Price Soon?
• GBTC Outflows Surge Past $16 Billion, Defies CEO’s ‘Equilibrium’ Comment
• Crypto Market Crash: Here’s Why Bitcoin, ETH, SOL, XRP, SHIB Fell Sharply
• Crypto Prices Today April 13: Bitcoin Dips To $67K, ETH At $3200, SOL, XRP, ADA Crash

Rupam, a seasoned skilled with 3 years within the monetary market, has honed his expertise as a meticulous analysis analyst and insightful journalist. He finds pleasure in exploring the dynamic nuances of the monetary panorama. Currently working as a sub-editor at Coingape, Rupam’s experience goes past standard boundaries. His contributions embody breaking tales, delving into AI-related developments, offering real-time crypto market updates, and presenting insightful financial information. Rupam’s journey is marked by a ardour for unraveling the intricacies of finance and delivering impactful tales that resonate with a various viewers.

The introduced content material might embody the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any duty on your private monetary loss.