Shiba

bullish

Shiba Inu

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
As it became known, thanks to data from&nbsp;<a href="https://cryptorank.io/price/shiba-inu" rel="noopener noreferrer nofollow">CryptoRank</a>, the popular meme cryptocurrency&nbsp;<a href="https://u.today/shiba-inus-shibarium-on-verge-of-6-million-blocks-details" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> may see a bullish rally in the coming month of August.
Thus, a look at historical trends reveals a positive statistic regarding SHIB and the last month of summer. The average profitability of the Shiba Inu token in August is 2.67% and the median is 3.36%.
The fact that the median and average are both positive is a rare occurrence. Whenever they coincide, it always proves expectations. So the odds of&nbsp;<a href="https://u.today/shiba-inu-burn-rate-jumps-225-as-shib-enters-epic-rebound-mode" rel="noopener noreferrer nofollow">Shiba Inu</a> ending August in the black increase even more with this rare occurrence. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="1de64429-13d3-4de3-bbe4-b65ce868857a" src="https://u.today/sites/default/files/inline-images/328fc24581e6a6b59e9bd9de.png">SHIB Price History by <a href="https://cryptorank.io/price/shiba-inu" rel="noopener noreferrer nofollow">CryptoRank</a>
Digging deeper, it can be said that in 2021, the Shiba Inu token closed August with a profit of 10.1%, in 2022 it was 3.36%. However, in 2023, SHIB closed this month with a 5.44% decrease.
The stick to wheel may be the fact that&nbsp;<a href="https://u.today/shib-community-alert-key-message-from-shiba-inu-team" rel="noopener noreferrer nofollow">SHIB</a> is a comparatively young asset and its history of price observations in August consists of only three such months. In such a chaotic and unpredictable market as crypto, this may not be enough to make a fully reliable prediction. On the other hand, such a benchmark is better than no benchmark at all.
Whether SHIB will indeed end August with a spike is an open question. But at least the price history is on the bullish side. Let's wait and see if it is right or not.

Shiba Inu (SHIB) Is Ready for Bullish August, SHIB Price History Confirms

U_Today

Autres articles publiés le 28 juil. 2024

VeChain’s Strategic Retest Signals Potential Surge to $0.05

Harris campaign aims to repair Democratic Party ties with crypto sector

WadzPay (WTK) Token Implements Major Updates to Enhance Market Position

Memecoin Millionaire Made $5 Million with PEPE – Now Says This Undervalued Crypto Can Beat Jupite...

Grayscale Ethereum Trust ETF Sees $1.5 Billion Outflow Amid Volatile Market Trends

Magic Eden Outpaces OpenSea In Sales Volume – Becomes The Most Traded NFT Marketplace

Join our free newsletter for daily crypto updates!