The cryptocurrency market continues to follow a volatile course. Leading crypto Bitcoin has lost the psychological level of $ 28 thousand. The majority of cryptocurrencies, including Bitcoin, are trading in the red on a weekly basis. In this environment, the CoinMarketCap crypto community is forecasting the end of May for XRP and SHIB.
Crypto community sets XRP price for May 31
cryptocoin.com As you can follow, the price of XRP has been falling in the last few weeks. However, the optimism of the community remains, especially against the backdrop of the widely publicized legal stalemate between the United States Securities and Exchange Commission (SEC) and blockchain company Ripple.
Meanwhile, the crypto community of cryptocurrency tracking platform CoinMarketCap predicts the average price of the XRP token on May 31, 2023 to be $0.4696. In this estimate, 1,135 members voted by press time. If the community’s XRP price prediction comes true, it would represent a 7.59% increase from the current price of XRP.
XRP end of May price prediction / Source: CoinMarketCapIt’s also worth noting that over the past six months, the community’s predictions for XRP have had an 89% historical accuracy. This makes them a solid addition to the set of crypto market indicators that any investor should consider when trying to gauge future trends for the token.
XRP 6-month forecast accuracy / Source: CoinMarketCapCurrently, the current price of XRP is down 5.27% in the last 24 hours to $0.4365. It has also lost 7.77% in the last seven days and 15.15% in the last month.
Crypto community sets SHIB price for May 31
The price of the Shiba Inu (SHIB) has been falling for the past few weeks along with the rest of the cryptocurrency industry. However, optimism is still high. Accordingly, the crypto community expects a rebound for SHIB by the end of the month.
Indeed, the CoinMarketCap crypto community predicts the average price of the Shiba Inu on May 31 to be $0.00001116. Meanwhile, 2,855 members have voted by press time. According to the result, the community’s estimates for the price of SHIB represent a 26.45% increase from the current situation.
SHIB end of May price forecast / Source: CoinMarketCapMeanwhile, the crypto community on CoinMarketCap has a historical accuracy of over 86% over the previous six months. This is an important indicator for measuring the future price trends of the token.
SHIB 6-month forecast accuracy / Source: CoinMarketCapMeanwhile, the Shiba Inu is currently changing hands at $0.000008823. This marks an 11.40% drop in the previous week and an 18.69% loss on its monthly chart, according to the latest data. It also represents a 1.10% drop on the day.
