Shiba Inu (SHIB), the wildly popular meme coin, has a curious relationship with the month of July. Since its launch in 2020, SHIB has defied broader market trends and seen price increases during this period. This year is no different, with July shaping up to be a pivotal month for the Shiba Inu ecosystem, potentially leading to another price surge.
June Gloom, July Boom?
The past month hasn’t been kind to SHIB. In line with a broader altcoin slump triggered by Bitcoin’s dip to $61,000, SHIB is currently down 33%, trading at around $0.000017. However, history suggests July could bring a turnaround. In both 2022 and 2023, SHIB witnessed price jumps of 11% and 14% respectively during this month.
Changelly, a crypto exchange platform, predicts a significant rise for SHIB this July, with a potential surge of up to 63%, pushing the price to $0.0000375. Experts offer a more conservative estimate, averaging at $0.0000266, with a high of $0.0000375 and a low of $0.0000158.
Coinbase Catalyst and Gaming Glory
Several key events could propel SHIB’s price in July. The highly anticipated launch of Shiba Inu futures trading on Coinbase could set a new price benchmark for the meme coin. Additionally, the development of the Shiba Eternity blockchain game is poised to attract fresh interest and investment to the Shiba Inu ecosystem.
Shiba Inu’s marketing lead, Lucie, emphasizes the importance of Play-to-Earn (P2E) gaming for the token’s future. “The success of P2E hinges on engaging gameplay and player ownership of in-game assets,” she states. “This integration not only expands SHIB’s reach but also cements its presence within the gaming community, boosting brand recognition and long-term relevance.”
Also Read: 95% Of Shiba Inu Army Wants Binance & Coinbase To Burn SHIB: Will It Spark A Price Surge?
The Future of SHIB: Gaming and Beyond
The P2E revolution is reshaping the gaming landscape, and Shiba Inu is at the forefront. The integration of SHIB and BONE tokens within games and the wider Shibarium ecosystem is expected to drive up the value of the token.
The cryptocurrency market remains volatile, making price predictions uncertain. However, with a confluence of exciting developments within the Shiba Inu ecosystem, a price surge for SHIB may be closer than anticipated. As July unfolds, the SHIB army holds its breath, hoping for a repeat of the token’s historic July rallies.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
About The Author
