As the majority of assets in the cryptocurrency market enter a slowdown phase, Shiba Inu (SHIB) is no exception, but the data compiled by the artificial intelligence (AI) platform ChatGPT suggests that the famous dog meme cryptocurrency might have a more positive start to the new year.
Indeed, Finbold has consulted ChatGPT-4, the newest iteration of the OpenAI brainchild, for insights regarding the price of Shiba Inu at the beginning of 2024, taking into account its historical data and trends, as well as technical indicators, and it has offered a detailed answer from the viewpoint on November 6.
What ChatGPT predicts
Specifically, the AI bot predicts that Shiba Inu could trade at a minimum of $0.0000135786 in early 2024, which would still represent an increase of 65.62% from its price at press time. On the other hand, it said that “the maximum price may reach up to $0.0000161984,” which would be a gain of 97.57%.
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In other words, this means that the average price across these predictions presented by ChatGPT would be around $0.0000140786, and this would suggest a growth of 71.72% from the present price of the 18th-largest crypto asset by market capitalization.
Shiba Inu price analysis
Indeed, SHIB was, at the time of writing, changing hands at the price of $0.0000081987, which indicates to change in the last 24 hours but still a gain of 2.32% across the previous seven days and a 13.31% increase on its monthly charts, according to the data on November 6.
Elsewhere, Shiba Inu has experienced a massive 420% surge in whale transactions over the past 24 hours, having reached an impressive $33.78 million, which means that 4.11 trillion SHIB tokens changed hands in a single day, most of which took place from a single anonymous wallet to another, as per IntoTheBlock information.
All things considered, Shiba Inu could actually reach the price range projected by ChatGPT-4, provided that the indicators are positive, it continues to attract enough investor interest, and its team continues to develop the SHIB ecosystem, including the work on the Shibarium network.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
