March is right here, and for Shiba Inu (SHIB) holders, it’s a month that’s exhausting to disregard. The meme coin, presently hovering simply above $0.0000145, will not be precisely portray an image of confidence. But when historical past has something to say about it, this may simply be the calm earlier than the storm — or possibly not.
Right here’s the factor: March has been variety to SHIB previously. Knowledge from CryptoRank reveals that, on common, the token has delivered a +33.7% return throughout this month. That’s not nothing, particularly within the wild world of crypto.
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However earlier than you get too excited, there’s a catch. The median return? A much less thrilling -0.45%. So, whereas the common seems to be nice, the fact is a little more hit-or-miss.
Take March 2024, for instance. SHIB went on an absolute tear, skyrocketing by 145%. However then, the 2 Marches earlier than that? Not a lot. Costs wobbled between -9.65% and +0.43%, which is about as thrilling as watching paint dry.
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Now, right here’s the place it will get difficult. SHIB has not been round all that lengthy, so there’s not a ton of historic knowledge to lean on. And even when there have been, the crypto market has a behavior of throwing curveballs. In the future, all the pieces is up; the subsequent, it’s down. Unpredictable doesn’t even start to cowl it.
What does this imply for SHIB this March?
Might we see one other 33% leap? Possibly. Or possibly not. The reality is, nobody actually is aware of. What we do know is that volatility is just about assured. For traders, which means protecting expectations in examine and being prepared for something.