Shiba Inu shares Kusama’s message as SHIB faces panic selling

Shiba Inu Ecosystem Team Member Lucie shares a message from Shytoshi Kusama, as she reflects on the ongoing bloodbath in the crypto market.

The current market downturn has dealt a major blow to major cryptocurrencies, including Shiba Inu (SHIB). SHIB, which soared to nearly $0.000045 in March, has since lost 61% of its value, currently priced at $0.00001733. The dog-themed token crashed to $0.00001642 yesterday, marking its lowest level since March.

Current market reality

Amid the current downturn, Shiba Inu’s marketing head released a statement reflecting on the current challenges in the crypto market. Lucie highlighted that the market is going through a difficult phase, with many investors “panic selling”.

She pointed out that the current market reality differs from investors’ desire for a bull market, which typically leads to a massive increase in cryptocurrency prices. According to Lucie, the current situation reminds her of the historic gold rush in the United States, saying it takes patience to create a legacy in the blockchain space.

Furthermore, she called decentralization a painful process that could see many investors exit the market following the difficulties. Nevertheless, the marketing manager believes that success is guaranteed for developers who focus on their long-term visions rather than short-term market fluctuations.

Although Lucie is not against investors who choose to panic sell, she has pledged allegiance to enthusiasts who follow the path of the “State of Shiba” and support Shibarium.

Kusama’s message on imperfection

Additionally, the marketer disclosed a message she received from Shiba Inu’s lead developer Shytoshi Kusama. According to her, Kusama acknowledged her imperfections during a conversation last week, emphasizing that “nothing is perfect.”

THIS MARKET….

The market is tough right now and people are panicking. We all want a hike, but instead we face challenges and see bad actors swooping in.

Remember the gold rush in the United States, it reminds me of this: it takes time to build a legacy.… pic.twitter.com/ElNGK9Xi2x

— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) June 23, 2024

Kusama’s statement reflects a popular idea that nothing and no one is without flaws. This remark contrasts with the unrealistic opinions expected of developers in the blockchain space.

In response, Lucie agreed with Kusama’s theory, stating that humans are not gods but ordinary people striving for greatness.

Adversity shows strength

Meanwhile, the Shiba Inu marketing manager said adversity reveals true strength, adding that some trees grow stronger during wild storms. This remark suggests that Shiba Inu may emerge stronger despite challenges from widespread volatility across the market.

Currently, the Shiba Inu is trading at $0.00001733, reflecting a 2.1% rise over the past 24 hours. However, it is currently down 5.43% on the weekly chart, 30.6% over the past 30 days, and 44.7% over the past three months.

Despite the decline, popular pseudonymous market watcher “Captain Toblerone” predicted that Shiba Inu could still reach an ultimate target of $0.00045, a 2,496% upside from the current price.