ChatGPT’s Shiba Inu (SHIB) price prediction sees two scenarios: one bullish and one slightly bearish. While SHIB is up +203% compared to a year ago, how will the memecoin end up in 2024 according to AI?
Shiba Inu: ChatGPT sees two price scenarios for SHIB by the end of 2024
talking about price predictions for Shiba Inu (SHIB)yesterday the AI ChatGPT It was also consulted that He sees two possible scenarios for memecoin by the end of 2024.
In practice, it seems that in first bullish scenarioThe model predicts that the price of SHIB could rise to $0.00006656 before December 31, 2024. This represents a +155% bomb compared to its price yesterday.
in the second bear sceneinstead, ChatGPT predicts that SHIB could drop to $0.00002576 before December 31, 2024. which is just 1.26% less compared to the price of SHIB at that time.
At the time of writing this article, SHIB is worth $0.00002931 and is on a bullish bomb of +8.5% in the last 24 hours. A small recovery in the price that, however, continues with a downward fall of -7.40% compared to seven days ago.
In fact, in this month of overall cryptocurrency rally, SHIB reached a high of $0.00003314 on December 7. However, this high has not yet surpassed the annual high recorded by SHIB in March 2024 of $0.00003592.
Shiba Inu (SHIB): ChatGPT price predictions and latest memecoin news
The two possible scenarios highlighted by ChatGPT predict that within the next two and a half weeks, SHIB could increase by +155% or decrease by only 1.26%.
A forecast that remains totally positive even in the event that the negative elements can outweigh the positive ones, creating a slightly bearish market.
However, this month of December alone, Shiba Inu has been making headlines in a positive way. For example, a few days ago, your Shibarium layer 2 network reached More than 2 million registered wallet addresses.
This in turn led to recording an impressive volume of more than 620 million transactions processedshowing the The Shibarium solution is so efficient and scalable in the blockchain landscape.
In any case, Shiba Inu is ranked 13th in the cryptocurrency ranking, with a current total market capitalization of over $17 billion.. SHIB is a step away from Chainlink’s (LINK) $18 billion market cap and slightly above Toncoin’s (TON) $16 billion market cap.
The proposal to establish SHIB
Immediately after Trump’s victory in the 2024 presidential election, Shiba Inu wanted to propose to Elon Musk to establish not only DOGE, but also SHIB
As is now known, Musk has become head of the Department of Government Efficiency (DOGE), which finds the name of the DOGE memecoin in its acronym.
The head of the Shiba Inu development team, Shytoshi Kusamapresented his proposal to establish the Strategic Center for Innovation and Blockchain, namely SHIB, in a US city.
Specifically, the initiative aims transforming a US city into a global epicenter for blockchain technology and sustainable development.
At the moment, no one seems to have expressed interest in the proposal, but Trump will not officially become the new president of the United States until January 20, 2025.
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