The marketing lead of the Shiba Inu team, Lucie, has suggested that the SHIB meme coin may be entering a new phase in the market cycle, characterized by significant price increases. In a recent tweet, Lucie shared a screenshot of the 'Wall Street Cheat Sheet', a diagram outlining the psychological stages of a market cycle. She hinted that SHIB may be transitioning from the 'hope' stage to the 'optimism' stage, where prices often experience notable growth.

The 'optimism' stage is marked by a sense of realism and a notable price increase, followed by the 'belief', 'thrill', and 'euphoria' stages, each associated with progressively higher price jumps. While some members of the SHIB community share Lucie's optimism and anticipate a price increase, others are more skeptical and uncertain about her predictions. This comes after a recent 11% decline in SHIB's value, which has been trading sideways since then.

Despite the uncertainty, the Shiba Inu burn rate has seen a remarkable 530% increase over the past 24 hours, with a total of 37,534,163 meme coins transferred to unspendable blockchain addresses. This brings the total number of burned SHIB to 410,727,009,502,240, with the majority being burned by Ethereum co-founder Vitalik Buterin in 2021 and the remainder by the community and SHIB team since 2022.

The potential price surge hinted at by Lucie has sparked mixed reactions within the SHIB community, with some investors eagerly anticipating a price increase while others remain cautious. As the market continues to fluctuate, the SHIB team's efforts to burn coins and reduce the circulating supply may contribute to a potential price increase.

The Shiba Inu team's efforts to promote the meme coin and encourage burning have been ongoing, with the community playing a significant role in the coin's journey. As the market continues to evolve, the potential for a price surge remains a topic of interest among investors and enthusiasts alike.