The Shiba Inu community believes the SHIB price will rise on June 30, 2022

The extended period of bearishness did not deter Shiba Inu, one of the most popular meme coins on the cryptocurrency market (SHIB). However, its recent resurgence has given the crypto community hope for its future price.

According to the most recent forecasts made using the platform's "Price Estimates" tool, which allows users to make crypto price predictions and check their average score, the SHIB token will trade at an average price of $0.00002654 by the end of June 2022.

Notably, SHIB price forecasts from the crypto community expect an average price of $0.00002654 on June 30, 2022, a $0.00001556 or 141.83% increase over the current crypto price of $0.00001097.

At the time of writing, 18,482 people in the community have voted. Furthermore, 11,000 consumers voted for a slightly lower price one month later—on July 31—at $0.00002546.

Moving on, the SHIB token has been going downward since the beginning of the year, with a few notable peaks along the way. It has dropped from $0.000034 on January 1 to $0.00001097 today, representing a 67.74% drop over the observed period.

At the time of writing, the overall market cap of the "Dogecoin Killer" is $6.01 billion, according to CoinMarketCap.