The long bearish run did not fail to circumvent one of the most popular meme coins in the cryptocurrency market – Shiba Inu, but its recent rally has sparked optimism in the crypto community regarding its future price.
Indeed, the CoinMarketCap community predicts that the SHIB token will trade at an average of $0.00002654 by the end of June 2022, according to the latest predictions using the tool” Price Estimates ” of the platform that allows users to make predictions on the price of cryptocurrencies and see their average score.
Notably, SHIB price predictions from the crypto community indicate an average price of $0.00002654 on June 30, 2022, which is an increase of $0.00001556 or 141.83% from the current price.
18,382 community members voted to arrive at the above estimate. As for estimates for a month later – July 31 – the community expects the price to be slightly lower – at $0.00002546 – with 11,000 user votes.
SHIB Price Analysis
Since the beginning of the year, SHIB has followed a constant downward trend, with several peaks over the weeks. It fell from $0.000034 on January 1 to $0.00001097 currently, which is a drop of 67.74% over the observed time frame.
The total market capitalization of the token stands at $6.01 billion, according to information from CoinMarketCap.
Highs and lows
A week ago, SHIB added over 30,000 new holders between April 27 and May 26, marking the start of a return of interest in the meme currency despite its sluggish performance at the time.
That said, the number of SHIB transactions in May fell to 207,647, its lowest level in 14 months, matching the downward trajectory recorded in recent months, during which the number of transactions plunged by more than 26%. .
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