Despite being incredibly diverse and varied, the cryptocurrency market often tends to end up in a ‘winner takes all’ scenario.
One of the best examples of this is Shiba Inu (SHIB). Although originally envisioned as a meme coin and potential ‘Dogecoin killer’, the project has since reoriented itself toward utility, as DOGE’s dominance in the meme coin space becomes ever more entrenched.
However, it’s hard to shake off that initial meme coin label — and in terms of utility, SHIB was, unfortunately, quite late to the party. At press time, SHIB was trading at a price of 0.00001306, having marked a 38.33% decline on a year-to-date (YTD) basis.
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As disappointing as the drop in SHIB price might be to bulls, volatility is nothing new in the world of crypto — and pullbacks such as these can even be attractive buying opportunities, provided that an asset’s long-term prospects are intact.
For additional clarity as to whether or not that is the case, Finbold consulted its own artificial intelligence (AI) price prediction tool for an overview of what prices Shiba Inu could reach by the end of the month.
AI models offer bullish predictions for SHIB price at the end of March
In total, six large language models (LLMs) were queried on the subject. They set an average price target of $0.0000156833, which implies a 28.66% upside compared to current prices.
Interestingly enough, both the most and least bullish price forecasts came from OpenAI’s models. GPT-4o Mini gave the most optimistic outlook, citing momentum indicators that suggest a bullish short-term sentiment. The model set a $0.0000180000 price target, which implies a 47.66% upside.
OpenAI’s flagship model, however, set a $$0.0000135000 price target, which would correspond to a 10.75% rally from current prices. GrokAI set the exact same price target — while the other LLMs queried — DeepSeek, Gemini, and Claude implied a 43.56%, 31.26%, and 27.97% upside, respectively.
Bullish factors impacting SHIB — burn rates and ETFs
As first noted by Finbold in late January, SHIB’s burn rate has seen a rapid rise since the start of the year. At the time of our original coverage, some 3,244,007 SHIB were being burned a day. By press time, that had increased to 13,591,737 — having more than quadrupled, per Shibburn.
Beyond the simple benefit of constrained supply on the prevailing SHIB price, another bullish factor is hidden in the reason why market participants have been burning their SHIB. The pseudonymous lead developer of Shiba Inu, Shytoshi Kusama, recently expressed optimism regarding a potential Shiba Inu exchange-traded fund (ETF), following a recent filing for a Dogecoin ETF.
Featured image via Shutterstock
