Shiba

Eternity

Shiba Inu

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p dir="ltr">Shiba Inu (SHIB) is on the verge of setting a new record this month as many are fixated on whether it will repeat its bad history or not. For a start, Shiba Inu is in a huge recovery mode with data from CoinMarketCap&nbsp;<a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">pegging</a> its growth rate at 2.51%, with the price now topping $0.00001727.</p>
<h2 id="history-to-watch">History to watch</h2>
<p dir="ltr"><a href="https://u.today/shiba-inu-shib-may-break-major-record-this-month-heres-reason" rel="noopener noreferrer nofollow">Shiba Inu</a> entered this month with massive optimism from the downtrend it recorded in June. The meme coin finished last month with a 32.3% slump in line with its historically bearish month of June. The altcoin was supposed to revert this trend in July considering the milder growth record attributed to the month.</p>
<p dir="ltr">However, the market twists and turns for the month helped drag down the digital currency for the better part of the month. As it stands, the extreme volatility in the price of SHIB at the moment has seen it record a 2% surge thus far this month,&nbsp;<a href="https://cryptorank.io/price/shiba-inu/analytics" rel="noopener noreferrer nofollow">per</a> data from Cryptorank.</p>
<p dir="ltr">Should this growth trend continue, the price of the digital currency might follow after the records in July 2022 and 2023, where SHIB ended at 13.4% and 11.8%, respectively. Ending this month with an uptick will help enhance the average growth rate of July.</p>
<h2 id="shiba-inu-catalysts-to-watch">Shiba Inu catalysts to watch</h2>
<p dir="ltr">When it comes to the meme coin and the broader meme coin ecosystem,&nbsp;<a href="https://u.today/shib-sheds-its-meme-coin-status-heres-shiba-inu-teams-proof-its-not-just-meme" rel="noopener noreferrer nofollow">Shiba Inu</a> recorded a very intense uptick in hype, stemming from the public showing of Shytoshi Kusama. While this media show-off does not impact the chain directly, it solidifies the community strength of the Shiba Inu ecosystem.</p>
<p>This is a positive one that might have an underlying impact on the broader SHIB ecosystem as more users might embrace the protocol, including the many products and services that are making their way to the chain. One of these is the&nbsp;<a href="https://u.today/shiba-inu-insider-drops-major-shiba-eternity-update-whats-new" rel="noopener noreferrer nofollow">Shiba Eternity</a> game that might go live anytime from now.</p>

Shiba Inu (SHIB) to Escape Bad History This Month

Table of Contents

U_Today

Other articles published on Jul 27, 2024

Solana to $2K and XRP to $100 – Expert’s Bold Forecast

Pitch Perfect With BitAngels Featuring Advisor And Author Alyze Sam

Top Trump Tokens To Buy For 2X – 5X Surge During Q3!

Economic Impact on Crypto: Should You Diversify Your Portfolio with Crypto Investments? Crucial C...

Republican Senator Roger Marshall Backs Out Of Controversial DAAMLA Anti-Crypto Bill

$900 billion asset manager Hamilton Lane introduces SCOPE on Solana

Join our free newsletter for daily crypto updates!