SHIB is about to rise! July may witness Shiba soaring!

The first month of the hot summer is coming to an end, but Shiba Inu, the popular meme star in the cryptocurrency circle, has encountered the darkest time since May 2022 in this June. At the end of June, the price of SHIB plummeted by more than 33%, once falling to a low of $0.000017.

However, every time the night passes, the dawn will always come. We can't help but ask, can the upcoming July bring a ray of hope for Shiba Inu?

The SHIB community is full of expectations and optimism in July. According to CryptoRank data, in the second month of summer, the median profit rate of Shiba Inu is as high as 11.8%. This is not just a pile of numbers, but also the trust and expectations of countless people in SHIB.

Looking back, SHIB has shown vitality in the past few Julys. In 2023, its price rose steadily by 11.8%; in 2022, it was as high as 13.4%. Although SHIB prices fell in 2021, the year when the meme coin came to prominence, this was after a correction period of nearly five times growth in the first three months, so such a correction is not bad.

In sharp contrast, June has never brought good news for Shiba Inu. But as we can see, June 2024 has verified this pattern again. However, this does not mean that July will repeat the same mistake.

Will SHIB prices soar next month?

This is not set in stone. But historical data undoubtedly provides us with a mirror that allows us to glimpse future possibilities. In this volatile cryptocurrency market, we cannot ignore the signals conveyed by historical trends.

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