The first month of the hot summer is coming to an end, but Shiba Inu, a popular meme star in the cryptocurrency circle, has experienced its darkest time since May 2022. At the end of June, the price of SHIB plummeted by more than 33%, falling to a low of $0.000017.
However, when the night passes, the dawn will always come. We can't help but ask, can the upcoming July bring a glimmer of hope for Shiba Inu?
The SHIB community was full of expectations and optimism in mid-July. According to CryptoRank data, in the second month of summer, the median profit rate of Shiba Inu was 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 great vitality in the past few Julys. In 2023, its price rose steadily by 11.8%; in 2022, it rose as high as 13.4%. Although SHIB's price fell in 2021, the year when the meme coin came to prominence, it was after a correction period of nearly five times growth in the first three months, so such a correction is not bad.
In stark contrast, June has never brought good news for Shiba Inu. But as we can see, June 2024 proved this pattern again. However, this does not mean that July will repeat the same mistake.
Will the price of SHIB soar in the next month?
This is not set in stone. But historical data certainly provides us with a mirror that allows us to glimpse into future possibilities. In this volatile cryptocurrency market, we cannot ignore the signals sent by historical trends.
