While the cryptocurrency market is struggling under the regulatory pressure that has resulted in lawsuits against two of the largest crypto exchanges in the world, Shiba Inu (SHIB) has managed to record minor gains, and the crypto community remains bullish on its price in the near future.
Indeed, the votes that the members of the cryptocurrency monitoring platform CoinMarketCap cast by press time are highly optimistic regarding the price of Shiba Inu on June 30, 2023, their collective results indicating an average price of $0.00001111 by that date, according to the data retrieved on June 13.
Specifically, if this estimation, based on 2,092 votes at the time of publication, comes true, it would represent a significant increase of +62.91% or +$0.00000429 to the current price of the meme token, which at press time amounted to $0.000006819.
It is also important to mention that the average historical accuracy of the crypto community’s projections for SHIB in the past six months currently stands at 83.95%. In fact, this makes them a valid alternative to other future price prediction tools, even those offered by artificial intelligence (AI) platforms.
Shiba Inu price analysis
In the meantime, Shiba Inu is currently changing hands at the price of $0.000006819, recording a 3.34% increase on the day. However, it is also recording losses of 14.93% on its weekly chart and 22.82% across the past 30 days, as per the latest data by Finbold on June 13.
Meanwhile, despite the CoinMarketCap member estimates, the Shiba Inu cryptocurrency has witnessed a significant exodus of its holders, losing almost 40,000 of them in just three days, happening at the same time as a market-wide crash on June 10, which started a massive pullback of investors across the sector.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.