According to U.Today, Shiba Inu (SHIB) is marking its fourth anniversary, drawing attention from crypto market participants and community enthusiasts who are anticipating a potential rally. Historically, August has been a favorable month for SHIB, with an average return of 2.7% and a median return of 3.4%. The positive median and average returns are rare, bolstering expectations for a bullish trend by the end of the summer.

Shiba Inu, created in 2020 by the anonymous Ryoshi and inspired by Dogecoin (DOGE), has grown to become the 13th largest crypto asset with a market cap of $9.37 billion and a daily trading volume of $220 million. From its initial price of $0.000000000056, SHIB reached an all-time high of $0.00008616 in October 2021, marking an extraordinary 150,000,000% increase.

The SHIB community, known as the SHIB Army, has grown to around 3.8 million members. This decentralized, community-driven ethos has fostered the development of a comprehensive ecosystem, including ShibaSwap, Shibarium, various NFTs, a metaverse project, and the Shiba Eternity game.

As SHIB looks forward to August, the key question remains whether its price history will repeat itself. The positive historical averages offer hope for those eager to see if SHIB will celebrate its birthday with a rally.