The month of July has historically been quite prosperous for Shiba Inu. Since the token’s inception in 2020, Shiba Inu has historically shown significant price action in July, irrespective of external factors pulling the token down
However, this July is special as it brings in important details concerning the Shiba Inu ecosystem expansion. With the blockchain version of the Shiba Eternity underway, the ecosystem may soon experience positive price action for SHIB, ringing in a new price ATH for the community to bask in.
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Shiba Inu to Hit $0.000375?
While looking at Shiba Inu’s historical price path and trajectories, the token has been noted to have made significant downturns in June. Currently, SHIB is down 33% and is trading at a low price threshold of $0.0000172. With Bitcoin hitting a new low of $61K, the altcoin market is reacting to BTC’s recent dip, taking time to heal and bounce back their positive price pedestals.
However, the month of July seems to have always carried a lucky streak for SHIB. The token has been documented as making significant price strides in July. Historically, the SHIB data from the years 2022 and 2023 tells a different story, where the token was noted to have spiked nearly 11%–14% in the process.
According to Changelly, Shiba Inu can surge up to $0.000375 in July, surging by nearly 63% in the process.
“Based on the price fluctuations of Shiba Inu at the beginning of 2024, crypto experts expect an average SHIB rate of $0.0000266 in July 2024. Its minimum and maximum prices may hit $0.0000158 and $0.0000375, respectively.”
Possible July Milestones for SHIB?
The month of July is significant for Shiba Inu in many ways. For instance, Coinbase is all set to launch Shiba Inu futures in July, which may usher in a new price threshold for SHIB. At the same time, with the brewing P2E game development underway, the Shiba Inu ecosystem is gearing up to ace new price heights soon.
Speaking about the Play to Earn gaming format in detail, Shiba Inu’s marketing lead, Lucie new compelling details. She said how the format is reshaping the gaming frontier in the realms of economics and entertainment.
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“P2E’s success lies in its innovative gameplay and player ownership of virtual assets. Reshaping gaming as both entertainment and an economic endeavor. #Shiboshis and $SHEB will shape #Shibarium. Spotlighting $SHIB at the forefront of gaming and fueling $BONE usage with @treatsforshib. This integration not only expands $SHIB’s reach but also solidifies its presence in the gaming community. Thereby enhancing its brand visibility and relevance. Explore the vast potential here—it’s calling.”
As the crypto market is highly volatile, the accurate predictions may vary, but with SHIB joining a spree of new events, its price may peak sooner than predicted timelines and periods.