Crypto Community Projects Bullish Trend for SHIB by June 30

The crypto community at CoinMarketCap is projecting Shiba Inu (SHIB) will have a bullish trend by the end of June. Over 18,400 members of the community have cast their votes.

The majority voted that SHIB will trade at an average of $0.00002654 by the end of June 2022. As for July, 11,000 people expect the price to be slightly lower than $0.00002546.

On May 12, 2022, Shiba Inu (SHIB) lost 99% of its value, dropping to $0.00000907. Its recent recovery from the abyss has sparked great optimism in the minds of crypto investors and speculators.

SHIB currently trades at $0.000011, down by nearly 6% in the last 24 hours. It ranks in the top 16 crypto coins with a market cap of over $6 billion. Since the start of the year, SHIB followed a steady downward trend with few exceptional peaks over time. It attained an all-time high (ATH) last year in October at $0.00008845. That’s over 87% decrease in 7 months.

To bring the uninitiated up to speed, Shiba Inu is a dog breed-themed altcoin that inspired people around the world to invest, albeit in a more speculative manner. According to the token’s official website, SHIB is the DOGECOIN killer.

Last week, Finbold reported that SHIB added over 30,000 new holders between April 27 and May 26, representing a renewed interest in the dog meme token despite its sluggish performance at the time.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.