What is the expected increase of Shiba Inu Coin (SHIB) in July 2024?
According to CoinCodex, SHIB could rebound to $0.00003857 this week. If it reaches $0.00003857 from the current level, it will mean an increase of about 122.5%. The platform does not expect the price of SHIB to remain at $0.00003857 for long and predicts a correction soon, falling to around the current level and consolidating for the rest of the month.
Changelly has a similar prediction for Shiba Inu Coin. The platform expects SHIB to rise to $0.00003752 on July 5, 2024, but it may fall to $0.00001588 on July 28, 2024.
The expected increase in value may stem from investors' anticipation for the upcoming Ethereum ETF in early July. If the Ethereum ETF leads to a large influx of funds into the cryptocurrency market, the value of SHIB and other altcoins may rise sharply. The expectation of a rate cut by the Federal Reserve may also boost market sentiment and increase allocation to riskier assets.
