You remember the SHIB wind blowing in the crypto money world in 2021. There were meteoric rises. Now we are in the days when we are longing for those ascensions. The performance of the market in June is not very good. However, expectations are high for the two altcoins. Let’s take a look at the details of our article.
Will SHIB rise in June?
The cryptocurrency market has not yet recovered from the shocks of the SEC’s pressure on two major exchanges. Regulatory pressures continue in this context. However, despite all this negativity, there was some movement for SHIB. In this context, the crypto community is expecting a rise in price in the near future. Indeed, the votes of the members of the cryptocurrency monitoring platform CoinMarketCap show that they are quite optimistic about the price for SHIB on June 30, 2023. According to data received on June 13, voting results point to an average price of $0.00001111 for SHIB to date.
Notably, if this prediction, based on 2,092 votes at the time of publication, comes true, there would be a 62.91% rise for the meme coin SHIB price of $0.000006819. So the price will sign a significant increase of $0.00000429. It’s also important to note that the average historical accuracy of predictions made by the crypto community for SHIB over the past six months is currently 83.95%. In fact, this makes them a viable alternative to other future price prediction tools, including those offered by artificial intelligence (AI) platforms.
Positive headwind for XRP
The bullish expectation applies not only to SHIB, but also to XRP. XRP initially held above an important support level. However, XRP’s price took a downward turn, dropping below the important $0.50 threshold. This decline coincided with ongoing legal disputes involving major cryptocurrency exchanges such as Binance and Coinbase. Robinhood’s recent decision to delist certain altcoins has added to the downward pressure. Accordingly, it caused the price of XRP to fall as low as $ 0.48. It also reflected the broader market decline.
However, XRP showed its resilience, with its price quickly recovering, briefly surpassing the $0.52 level. cryptocoin.com When we look at it, there is an interesting situation. The community has an impressive 88.76% historical accuracy in predicting XRP’s performance over the past six months. As of May 2023, it has a recent accuracy rate of 90.49%. This indicates that sentiment is positive for XRP in June. Just like for SHIB. Let’s see how both SHIB and XRP will perform.
