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Shiba (SHIB) Price Prediction for July & August 2025: Can Shiba Inu Double?
The cryptocurrency market has been witnessing significant momentum, particularly in the Ethereum-based meme coins. One of these, Shiba Inu (SHIB), is drawing attention from investors as it’s demonstrating bullish signs. The question on everyone’s mind is whether SHIB can double its value by the end of July and August 2025.
To make an educated guess, we’ll examine crucial market indicators such as funding rates, Meme Season Index, time-cycles, and price structure.
Firstly, let’s analyze Ethereum’s recent performance to understand its impact on SHIB. Notably, Ethereum has been experiencing a surge in momentum, which is often an indicator of what will happen with other ERC-20 tokens like SHIB. In the past, we’ve seen that when Ethereum starts rallying, it typically leads to a correlated rise in the prices of other meme coins.
The chart below illustrates this correlation:
Source: bravenewcoin.com
