Though Shiba Inu (SHIB) has fallen far from the meme coin peaks in March 2024 – and has experience a large plunge on July 24 and 25 along with the major stock market bloodbath – it has also seen something of a resurgence by July 26.
This resurgence can, to an extent, be traced to the Layer-2 solution Shibarium – officially launched in August 2023 – as it recorded a significant 15% increase in transactions on July 25.
The rise came alongside an even more impressive surge, the one pertaining to new contracts on Shibarium, which rose more than 300% from 8 to 36 in just 24 hours.
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Such positive developments have also helped SHIB itself see an uptick in the crypto markets, and the meme coin rose 3.44% in the latest full day of trading to its press time price of $0.00001679.
Finally, as indicators such as the relative strength index (RSI) and the broader positive developments for Shibarium indicate the upward momentum may be kept up in the near future, Finbold decided to look farther ahead and consult some of the most advanced artificial intelligence (AI) models on where SHIB may stand at the end of 2024.
AI analyzes likely SHIB price at the end of 2024
The most prominent AI model – OpenAI’s advanced ChatGPT-4o – has taken a relatively bullish stance on SHIB, given that it set the year’s end price target for the cryptocurrency at $0.00003. The model justified its prediction by citing market sentiments, technological developments, and the string of positive news pertaining to crypto markets in general, such as the Bitcoin (BTC) and Ethereum (ETH) exchange-traded fund (ETF) approvals.
ChatGPT-4o’s lighter cousin – ChatGPT-4o mini – proved significantly less optimistic about Shiba Inu as it set its price target at a range between $0.000015 – below the press time prices – and $0.000020. The AI explained SHIB’s will largely be determined by market sentiment, utility developments, and the regulatory climate.
The recently-released SearchGPT, however, opted to take the middle ground as it forecast that Shiba Inu will find itself at $0.000025 in late 2024. According to the model, ongoing developments in the ecosystem, and token burn dynamics will be some of the main driving forces behind such a rise.
Microsoft’s (NASDAQ: MSFT) Copilot arrived at the very same price target, explaining that the ongoing community efforts, market trends, and increased levels of adoption all point toward a rally by the end of the year.
Finally, Alphabet’s (NASDAQ: GOOGL) Gemini – once known as Google Bard – explained that the ongoing Shiba Inu developments will help propel it upward but that the high competitiveness within the meme coin space is likely to limit the upside.
Nonetheless, Gemini arrived at the same price target as Copilot and SearchGPT and explained that SHIB is likely to find itself at $0.000025 by the end of 2024.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
