July has historically been a fairly strong month for Shiba Inu. Since the token’s inception in 2020, Shiba Inu has seen significant price action in July, regardless of external factors dragging the token down.
However, this July is special because it brings important details regarding the expansion of the Shiba Inu ecosystem. With the blockchain version of Shiba Eternity being deployed, the ecosystem could soon experience positive price action for SHIB, creating a new ATH price for the community to enjoy.
Will Shiba Inu Hit $0.000375?
Looking at the historical price path and trajectory of Shiba Inu, the token is noted to have seen a significant decline in June. Currently, SHIB is down 33% and is trading at a low price of $0.0000172. With Bitcoin hitting a new low of $61,000, the altcoin market is reacting to the recent BTC price drop, taking time to recover and regain their positive price levels.
However, July always seems to be a lucky month for SHIB. The token has been noted to have made significant price gains in July. Historically, SHIB data from 2022 and 2023 tells a different story, with the token noted to have spiked by nearly 11%–14% in the process.
According to Changelly the Shiba Inu price could rise as high as $0.000375 in July, gaining nearly 63% in the process.
“Based on the price movement of Shiba Inu in early 2024, crypto experts predict an average SHIB rate of $0.0000266 in July 2024. Its minimum and maximum prices could reach $0.0000158 and $0.0000375, respectively”
Possible milestones of SHIB in July?
July is important for Shiba Inu in many ways. For example, Coinbase is ready to launch Shiba Inu futures in July, which could open up new price levels for SHIB. At the same time, with the ongoing development of P2E games, the Shiba Inu ecosystem is preparing to reach new price heights in the near future.
Speaking about the Play to Earn gaming format in detail, Shiba Inu’s marketing director, Lucie, gave some fascinating new details. She talked about how the format is reshaping the boundaries of gaming in the economic and entertainment space.
“The success of P2E lies in its innovative gameplay and the ownership of virtual assets by the players. Reshaping gaming as both an entertainment and an economic endeavor. Shiboshis and SHEB will shape Shibarium. Highlighting SHIB at the forefront of the game and promoting the use of BONE with @treatsforshib. This integration will not only expand SHIB’s reach but also strengthen its presence in the gaming community. Thereby enhancing the visibility and relevance of the brand. Explore the huge potential here”
Since the cryptocurrency market is very volatile, exact predictions may vary, but as SHIB enters a new series of events, the price of this coin may peak earlier than the predicted timeline and period.
The Rising Tide of P2E Gaming and $SHIB Brand Impact
It’s a funny situation with #Shiboshis. At first glance, they might not seem impressive, but dive into the game and you’ll see whales battling on Discord to snipe the best ones.
The thrill of the hunt and potential rewards… pic.twitter.com/DZty5xlQJQ
— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) June 29, 2024
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