Expert says Do Not Be Fooled, Every Dip is Preparing You for the Next Big Rise

Following the recent market downturn, popular Shiba Inu community member @ShibainuCoin advises SHIB investors to remain patient and stay strong. 

The ongoing market downturn has significantly impacted Shiba Inu, hindering the dog-themed token from progressing upward. Shiba Inu is struggling to break out of its current price range. The leading memecoin has remained within the $0.000013 price territory over the past week. 

Shiba Inu’s recent performance has left many investors concerned, with hopes of a near-term recovery gradually fading away. 

Top Community Member Issues Critical Advice

Amid this development, a pseudonymous Shiba Inu community member who goes by the X username “@ShibainuCoin” encouraged investors to stay patient during the ongoing downturn. 

They urged investors not to be misled by temporary declines, emphasizing that “every [SHIB] dip is just a setup for the next rise.” This suggests that each dip usually paves the way for a recovery.  

Furthermore, the expert indicated that temporary market declines are part of the normal market cycle, suggesting that investors should not be overly concerned. Notably, @ShibainuCoin emphasized the importance of remaining patient and trusting in Shiba Inu’s long-term prospects. 

Finally, they urged investors to hold SHIB rather than sell the asset during market downturns. 

Shiba Inu Team Issues Similar Advice 

It is noteworthy that this type of message is usually issued in the wake of significant price declines. Last month, Shiba Inu’s marketing lead, Lucie, issued similar advice to community members after SHIB staged a 23.48% decline in days, crashing from $0.00002010 to $0.00001538. 

At the time, the Shiba Inu marketing lead blamed the decline on unstable politics and global conflicts, especially the war between Israel and Hamas. 

Nonetheless, Lucie advised SHIB investors to ignore the short-term fluctuations and focus on the long-term developments, which could usher in a major rally.  

Shiba Inu is currently priced at $0.00001302, with a 24-hour trading volume of $113.96 million. Over the past 24 hours, SHIB has increased by 0.71%, but it’s down by 1.78% on the weekly charts.

It bears mentioning that Shiba Inu has embarked on major price recoveries over the years. For instance, Shiba Inu launched in August 2020 with an initial price of $0.000000000056. Two months later, SHIB eliminated a zero from its price, rising to $0.000000000132. Shiba Inu could not sustain this bullish momentum, as it fell to $0.000000000063 on November 30, 2020. 

While many investors thought SHIB would go down as another failed memecoin project, things started moving well for the asset. On January 31, 2021, Shiba Inu eliminated two zeros, reducing the number to eight.

A few months later, Ethereum co-founder Vitalik Buterin, who received 50% of SHIB supply (500 trillion SHIB) from the project’s pseudonymous founder Ryoshi, burned 410 trillion SHIB, putting the asset in the limelight, with top exchanges listing the token.

Shiba Inu later surged to an all-time high of $0.00008845 in November 2021, marking a whopping surge of over 150 million percent from its initial price.