One of the most popular meme cryptocurrencies, Shiba Inu (SHIB), has reached the end of the first month of summer with its worst performance since May 2022. At the end of June, the price of SHIB fell by more than 33%, reaching a value of $0.000017.
One of the most popular meme cryptocurrencies, Shiba Inu (SHIB), has reached the end of the first month of summer with its worst result since May 2022. At the end of June, the price of SHIB fell by more than 33%, reaching a value of 0.000017 dollars.
However, this month is coming to a close and we need to move on, so it is time to look at the price history to see what July may have in store for the Shiba Inu.
Godfrey BenjaminIn fact, there is reason for optimism in the SHIB community in July, as the average return on the Shiba Inu token in the second month of summer is 11.8%, according to data from CryptoRank.
In fact, the last few Julys were green for SHIB, as the price increased by only 11.8% in 2023 and 13.4% in 2022. Yes, 2021, the year the meme cryptocurrency emerged, was quite painful, with the price falling almost 30%. but that came after growth nearly five times that of the previous three months, so the correction was not the worst.
In comparison, June has never been positive for the Shiba Inu and as you can see, history has repeated itself in 2024.
Arman ShirinyanDoes this mean that SHIB price is guaranteed to rise next month? No. Is price history a good reference point? Yes.
Of course, the only thing that is certain in the cryptocurrency market is that nothing is certain. However, as you can see, SHIB’s historical price trends can still offer a certain angle on what to expect, and one should not ignore them.
