Team Shares 5 Signs to Trust Shiba Inu During Price Decline

Shiba Inu marketing specialist Lucie has highlighted five factors that could help boost investors’ confidence in a token amid price decline.

It is common knowledge that the bear cycle wreaked havoc on the prices of crypto assets, including Shiba Inu (SHIB).

While some cryptos have started recording significant gains, other assets like Shiba Inu are still suffering from the devastating effect of the bear market.

Notably, most Shiba Inu investors have remained underwater following the massive plunge of the cryptocurrency. Since August, the canine-themed token has been trading with five zeros after its decimal.

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At press time, Shiba Inu was down 90.36% from its all-time high (ATH) of $0.00008616. Consequently, many SHIB holders are not impressed with the token’s performance. Hence, they have consistently taken to social media platforms, including X (formerly Twitter), to express their frustration with the development.

5 Tips to Continue Trusting A Token Amid Price Decline

As a result, Shiba Inu marketing lead Lucie has shared five tips to help investors continue trusting crypto assets, including SHIB, amid price decline.

5 Signs to Trust a Token Amid Price Decline

1. Clear Vision: Consider the project’s long-term goals.

2. Community Engagement: A supportive community is key.

3. Active Development: Check for ongoing improvements.

4. Real-World Use: Look for adoption or partnerships.

5. Strong… pic.twitter.com/kwxIB0BGsw

— 𝐋𝐔𝐂𝐈𝐄 | ✨Shib.io✨ (@LucieSHIB) November 26, 2023

1. According to Lucie, investors must trust a crypto project with a clear vision. In this regard, she pointed out that people should consider the cryptocurrency’s long-term goals to determine whether it has the potential to succeed in the future.
2. The marketing lead highlighted community engagement as another essential factor that could bolster investors’ confidence in a token during its bearish phase. Lucie emphasized the importance of a crypto project having a supportive community.
3. A supportive community serves as the most vital advocate for any crypto community. Besides motivating the team to focus on building the project, a vibrant community can help to attract new investors through positive recommendations.
4. Furthermore, Lucie urged investors to trust a token engaged in active development. She recommended that people ascertain whether the team behind the token is involved in ongoing developments. Active development enhances a token’s utility, thus boosting its mainstream adoption.
5. Additionally, she asserted that investors should continue to trust tokens that have real-world use cases. Notably, most cryptos like SHIB can be used in cross-border payments and as a medium of exchange.

Lastly, Lucie noted that tokens with strong fundamentals should be trusted despite declining prices. Per Lucie, having trust in a token based on its fundamentals requires investors to assess the token’s technology, team, and use cases.

Shiba Inu Showcases All 5 Signs 

It bears mentioning that the five factors apply to Shiba Inu. The canine-themed cryptocurrency has a clear vision, strong fundamentals, and a vibrant community. 

Shiba Inu has real-world use cases, as the token has been integrated as a payment method into multiple e-commerce platforms.