Google Bard has emerged as a valuable tool for investors looking to benefit from objective insight into the performance of thousands of cryptocurrencies.
However, the chatbot’s recent price prediction for the popular meme coin Shiba Inu ($SHIB) has shocked many investors.
This article looks at Bard’s surprise forecast for $SHIB before highlighting two alternative meme coins the chatbot believes could be poised for growth in the coming months.
$SHIB Bulls Lose Steam After Resistance Zone Rejection
It’s been a wild ride for Shiba Inu investors recently, with the token’s price soaring between Thursday and Saturday, before falling sharply in the past 24 hours.
At the time of writing, $SHIB has dropped to the $0.0000090 level, erasing a significant portion of the gains made during the prior surge.
Price appears to have rejected the resistance zone around $0.0000105, which was also rejected in late April.
This double rejection at the same level is notable, as it evidences the large volume of sell orders around the area.
Zooming out, Shiba Inu had experienced a strong uptrend since the low of June 10, rallying 93% in the following weeks.
However, $SHIB bulls appear to have run out of steam – leading to the sharp sell-off seen in recent days.
Google Bard Remains Optimistic for Shiba Inu Reversal
While the market sentiment around $SHIB is bearish, Google Bard still has high hopes for the token.
When prompted for a price prediction, Bard estimated that $SHIB could reach a maximum price of $0.000015 by the end of 2023 – representing a 66% increase from today’s price.
However, Bard’s average price estimate was $0.000012, which equates to a more modest 33% rise.
Some of the factors highlighted by Bard that might influence Shiba Inu’s value include the adoption of $SHIB by merchants and the release of new $SHIB-related services, like the long-awaited Shibarium network.
Ultimately, despite the recent volatility, Google Bard’s prediction reinforces that Shiba Inu still has potential for upside in 2023, thanks to its robust community and upcoming ecosystem developments.
Which Other Meme Coins is Google Bard Bullish On?
Although Google Bard is optimistic about Shiba Inu’s prospects, the AI chatbot identified other emerging meme coins primed for growth.
Two meme coins Bard forecasted significant upside for are Shibie Coin and Wall Street Memes, which have quickly built momentum in their respective presale phases.
Google Bard Predicts Explosive Gains for New $SHIBIE Token
The first meme coin that Bard is particularly bullish on for the months ahead is Shibie Coin ($SHIBIE).
Still in its presale phase, $SHIBIE brands itself as the “bombshell bitch of crypto,” offering a bold Shiba Inu and Barbie hybrid persona to stand out in the meme coin space.
Shibie Coin’s presale only kicked off last week, yet it has already raised over $172,000 in early funding, highlighting the growing investor interest.
Much of this interest is fueled by $SHIBIE’s tokenomics, with 60% of the total token supply dedicated to presale investors and 20% allocated for DEX liquidity.
Given the recent success of similar meme coin projects like $PEPE and $WOJ, this community-centric approach could prove crucial.
Bard is heavily optimistic about $SHIBIE’s prospects, speculating that the token could reach a maximum price of $0.0005 by the end of the year – a 2,894% increase from the presale price.
Combine this positive forecast from Bard with the massive growth seen in Shibie Coin’s Telegram community, and it’s clear the momentum is growing around this vibrant new meme coin.
Bard Forecasts 141% Price Surge for Trending Wall Street Memes Token
In addition to being bullish on Shibie Coin, Google Bard highlighted the promising potential of Wall Street Memes ($WSM).
Although it’s still in its presale phase, Wall Street Memes has now raised an impressive $22 million – all before the token has even made its official market debut.
Investor hype has reached fever pitch, with thousands of people now participating in the Wall Street Memes Telegram community.
$WSM has also caught the attention of several well-known crypto influencers, with YouTuber Michael Wrubel, who has an audience of over 310,000 people, releasing numerous videos expressing his optimism about the token.
However, it’s not just Wrubel that’s optimistic about $WSM – Google Bard also sees a bright future for the token.
When asked about its 2023 forecast, Bard predicted that $WSM could reach highs of $0.08 by the end of the year, representing a 141% increase from the current presale price.
This will be music to the ears of early $WSM investors – and with the project’s presale now entering its final stages, Bard’s bullish prediction could potentially generate additional investor interest before the token’s exchange debut.