Shiba

Eternity

bullish

Shiba Inu

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As&nbsp;<a href="https://u.today/shiba-inu-shib-new-low-reached-reversal-too-far" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> celebrates its fourth anniversary, crypto market participants and community enthusiasts are keeping an eye on the popular meme cryptocurrency, waiting for a potential rally. Historically, August has been a promising month for SHIB, with an average return of 2.7% and a median return of 3.4%.&nbsp;
The fact that both the median and the average are positive is a rare occurrence, which tends to confirm expectations. This rarity increases the odds that SHIB could end August in the black, raising optimism for a bullish trend at the end of the summer.
As a meme coin, Shiba Inu was created in 2020 by the anonymous Ryoshi, inspired by the&nbsp;<a href="https://u.today/vitalik-buterin-comes-out-as-dogecoin-doge-holder" rel="noopener noreferrer nofollow">Dogecoin (DOGE)</a> phenomenon. Over time, it has become the 13th largest crypto asset ever, with a market cap of $9.37 billion and daily trading volume of $220 million.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="c15aad2f-b8a8-47bf-bf86-2e10e8ca0f74" src="https://u.today/sites/default/files/inline-images/shib_237.png">SHIB to USD by <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
From an initial price of $0.000000000056, it soared to an all-time high of $0.00008616 in October 2021, representing an incredible 150,000,000% increase.&nbsp;
<h2 dir="ltr" id="community-is-key">Community is key</h2>
Following this extremely rare price action, the popular meme cryptocurrency managed to bring together around 3.8 million members in its community, known as the SHIB Army.&nbsp;
This decentralized, community-driven ethos has driven the development of an extensive ecosystem, including ShibaSwap, Shibarium, various NFTs, a metaverse project and the Shiba Eternity game.&nbsp;
As SHIB looks ahead to August, the question remains: will its price history prove itself once again? Past performance, with positive historical averages, offers a glimmer of hope for those eager to see if&nbsp;<a href="https://u.today/shiba-inu-shib-is-ready-for-bullish-august-shib-price-history-confirms" rel="noopener noreferrer nofollow">SHIB</a> will celebrate its birthday with a rally.

Shiba Inu Eyes Birthday Rally, If SHIB Price History Proves Itself

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