Shiba Inu ( $SHIB ) prices could skyrocket in July if this becomes true.

One of the most popular meme cryptocurrencies, Shiba Inu (SHIB), ended the first month of the summer with its worst results since May 2022. At the end of June, SHIB price fell by more than 33%, reaching a value of 0.000017 USD.

However, this month is coming to an end and we need to move forward, so it's time to look at price history to see what July may have in store for the Shiba Inu.

There was indeed reason for optimism in the SHIB community in July, as the average return of Shiba Inu tokens in the second month of summer was 11.8%, according to data from CryptoRank.

In fact, the past few Julys have been green for SHIB, as the price only increased another 11.8% in 2023 and 13.4% in 2022. That's right, 2021 - the year of meme crypto emerged - quite painfully, with prices down almost 30%, but that came after almost fivefold growth in the previous three months, so the correction wasn't the worst.

By comparison, June has never been positive for Shiba Inu and as you can see, history repeated itself in 2024.

Does this mean SHIB is guaranteed a price increase next month? Are not. Is price history a good benchmark? Correct.

Of course, the only thing that is certain in the cryptocurrency market is that nothing is certain. However, as you can see, historical trends in SHIB prices can still give some perspective on what to expect and they should not be ignored.

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