Shiba Inu (SHIB) has been going through a rough patch recently, dropping from 13th to 15th place in terms of capitalization among cryptocurrencies. However, SHIB enthusiasts remain hopeful. Indeed, August could hold some surprises, with historical indicators suggesting a possible rebound.
4 years and a hot summer for the crypto SHIB
Summer is not just about heat for beach lovers and also bitcoin lovers. In the crypto universe, August is often a decisive month, and The Shiba Inu could benefit from it. Because it is the commemoration of his 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 AugustIt is no coincidence that these figures, although modest, make investors' hearts beat faster.
- 2.7%: average return in August
- 3.4%: median return in August
This statistical rarity, where at the same time the median and the mean are positivestrengthens optimism.
” The story repeats itself »: a pleasing prospect for those betting on a summer rebound for SHIB.
Shiba Inu: A Memecoin That Refuses to Die
The story of the Shiba Inu is worthy of a Hollywood script. Created in 2020 by anonymous Ryoshiinspired by the Dogecoin phenomenon, SHIB has 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 correctly.
What sets Shiba Inu apart from other cryptocurrencies is its dedicated community, the famous “SHIB Army” with 3.8 million members.
This army has propelled the development of an impressive ecosystem, including ShibaSwap, Shibarium, various NFTs, a metaverse project, and the Shiba Eternity game. Far from being a simple meme, the Shiba Inu has become a major player in the crypto universe.
Indicators are green for a possible comeback of the SHIB. The historical performance and the strength of its community suggest a promising August for the Shiba Inu.
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