💥💥💥 #Shibalnu ($SHIB ) Price May #skyrocket in July If This Comes True
Shiba Inu (SHIB) Faces Tough June but Shows Promise for July
- Shiba Inu (SHIB), one of the most popular meme cryptocurrencies, has concluded June with its worst performance since May 2022. By the end of the month, SHIB's price had dropped over 33%, settling at $0.000017.
- As June ends and July begins, it's important to reflect on SHIB's price history to anticipate what might be in store for the upcoming month.
Optimism for July
- The SHIB community has reasons to be optimistic about July. According to CryptoRank, the median profitability of Shiba Inu in the second month of summer is 11.8%.
- Historically, July has been a positive month for SHIB. In 2023, the price increased by 11.8%, and in 2022, it rose by 13.4%. While 2021 saw a nearly 30% drop, this came after substantial gains in the preceding months, making the correction less severe.
- In contrast, June has consistently been challenging for Shiba Inu, with this year's performance repeating that trend.
Looking Ahead
- While historical trends do not guarantee future performance, they can serve as useful benchmarks. The #cryptocurrencymarket is inherently unpredictable, but understanding past trends can provide valuable insights into potential future movements.
- In conclusion, although nothing is certain in the cryptocurrency market, historical trends suggest a positive outlook for SHIB in July. These insights should not be ignored as the new month begins.
Source - u.today
