Crypto: Is Shiba Inu ready for a birthday rally?

The Shiba Inu (SHIB) has been experiencing a difficult time recently, dropping from the 13th to the 15th place in market capitalization among cryptocurrencies. However, SHIB enthusiasts remain hopeful. Indeed, August could hold some surprises, with historical indicators suggesting a potential rebound.

4 years and a hot summer for SHIB crypto

Summer is not just synonymous with heat for beach lovers and also with bitcoin. In the crypto universe, August is often a decisive month, and Shiba Inu could benefit. As it is the commemoration of its birthday.

Analyzing SHIB’s past performance, we notice an encouraging trend: an average return of 2.7% and a median return of 3.4% in August. It is no coincidence that these numbers, although modest, make investors’ hearts beat faster.

• 2.7%: average return in August
• 3.4%: median return in August

This statistical rarity, where both the median and the mean are positive, strengthens the optimism.

“History repeats itself“: an exciting perspective for those betting on a summer rebound for SHIB.

Shiba Inu: A memecoin that refuses to die

The story of Shiba Inu is worthy of a Hollywood script. Created in 2020 by the anonymous Ryoshi and inspired by the Dogecoin phenomenon, SHIB experienced meteoric rises, reaching an all-time high in October 2021.

Since its launch at a tiny price of $0.000000000056, it has climbed to $0.00008616, an increase of 150,000,000%! Yes, you read that right.

What distinguishes Shiba Inu from other cryptocurrencies is its dedicated community, the famous “SHIB Army,” with 3.8 million members.

This army has driven the development of an impressive ecosystem, including ShibaSwap, Shibarium, various NFTs, a metaverse project, and the game Shiba Eternity. Far from being just a meme, Shiba Inu has become a major player in the crypto universe.

The indicators are green for a possible strong comeback for SHIB. The historical performance and the strength of its community suggest a promising August for Shiba Inu.