Shiba Inu (SHIB) investors are feeling the pain. The coin’s recent price drop has left a lot of them with serious losses.
June: Historically Bad for SHIB
June has always been a terrible month for SHIB. For five years running, the coin has ended June in the red. This year is shaping up to be no different, with the price already down over 8% and less than 10 days left in the month. Historically, June sees an average loss of -13.8%, with a median loss of -11.5%! Last year was particularly brutal, with a 32.3% crash. This pattern suggests more losses are likely before the month is over. In fact, the second quarter (Q2) is generally bad for SHIB, with four out of the five past years ending in the red.
The Losses Are Real
A whopping 65% of SHIB holders are currently underwater. That’s a huge number! Only 32% are seeing profits, and a tiny 3% are breaking even.
A Glimmer of Hope?
While the historical trend looks grim, some predictions offer a bit of optimism. One short-term forecast predicts an 8.8% price increase in the coming week. A longer-term forecast is even more bullish, suggesting a potential 27.35% increase over the next month. Whether these predictions will pan out remains to be seen.
