Shiba Inu: AI Predicts SHIB Price For July 1, 2023

Vinod Dsouza
shiba inu
Source: Pixabay

Shiba Inu is currently trading at $0.00000754 and the token is mostly moving backward than forward in Q2, 2023. SHIB barely spiked in price and the hype and support that it previously enjoyed in the cryptocurrency community is dwindling. The dog-themed token is adding zeroes than deleting them making the 1 Cent dream seem unrealistic at this moment.

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Source: Coingecko

No important updates about its upcoming developments Shibarium and SHIB: The Metaverse is out. The disconnect between the developers and the community is among one the reasons that made SHIB’s price dwindle in the indices. Now that SHIB is trading with five zeroes, will it delete a zero by the end of the month? In this article, we will highlight a price prediction for Shiba Inu on July 1, 2023.

Shiba Inu: AI Predicts SHIB Price For July 1

Shiba Inu
Source: Pixabay

Leading on-chain metrics and price prediction firm CoinCodex has painted a bearish picture for Shiba Inu next month. According to a price forecast from CoinCodex, Shiba Inu could trade at $ 0.000007400 on July 1, 2023. That’s a downturn of nearly 3.5% from its current price.

Also Read: The 1 Cent Dream: Shiba Inu To Reach $0.01? See What Google Bard Says

Source: Coincodex

The overall estimates for SHIB in July appear to be bearish as the token could have more downside than upside. The AI firm predicted that Shiba Inu could reach a low of $ 0.000005694 during mid-July. That’s a slump of approximately 26% from today, suggesting that SHIB could face another round of bloodbath next month.

In conclusion, it is advised to remain cautious before taking an entry position into SHIB in July. The token could deliver losses than profits in the next five weeks. At press time, SHIB was trading at $0.00000753 and is down 2.7% in the 24-hours day trade. SHIB is also down 91.22% from its all-time high of $0.00008616, which it reached in October 2021.