Since its conception, the Shiba Inu ecosystem (SHIB), has been a global sensation. Following its rally in 2020, the meme-coin changed many people’s lives.
SHIB has reached its highest level ever of $0.00008845 this year. Currently, the asset is 85% lower than its peak. SHIB traded at $0.00001316 during the time of publication, a drop of 1.30% over the past 24 hours.
Lucie, a marketing expert from SHIB hinted that the meme coin could repeat its rally of August 2021, when it was considered to be a turning-point for the asset.
Also Read: Can Shiba Inu (SHIB) Reach $0.01 Before 2050?
Analysis of SHIB’s past and future performance
The August 2021 Retrospective
The 2021 Rally
In May of 2021, it was reported that the value of meme coins increased dramatically. After its May peak, the asset dropped by more than 35% in two months.
The asset’s consecutive losses ended in August 2021, after a 9.77% increase. Shiba inu experienced a huge increase in October of 2021. This was equal to an astounding 827% jump, following a meager 4.62% rise in September. SHIB quickly reached its highest point.
Current Scenario
Current scenario looks similar. Shiba Inu prices have been falling since March, when they peaked at $0.00045. Recent losses in July and June are similar to those of 2021. Lucie’s presentation of SHIB’s past performance reignited the SHIB Market.
Can SHIB Re-create This Trend?
Shiba inu, according to Changelly’s data, is expected to hit a monthly high of $0.0000294.
Also Read: Shiba Inu To Hit 1 Indian Rupee, Here’s When
It is anticipated that this rise will occur later in the week. This represents a rise of 116% compared to current asset levels.
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Source: watcher.guru
