Although the current behavior of the cryptocurrency market is not dramatically optimistic, including that of one of the best-known meme cryptocurrencies, Shiba Inu (SHIB), the projections based on machine learning algorithms and important technological innovations and trends for the next couple of years are.
As it happens, the self-learning machine price prediction tool over at the crypto analytics platform CoinCodex has projected that the price of Shiba Inu will increase in the next six months and would reach $0.00004388 on December 30, 2023, increasing by nearly 500%, according to the data retrieved on June 29.
Moreover, if the SHIB price path followed the growth of the internet, mobile technologies, or large tech companies like Google (NASDAQ: GOOGL) and Facebook (NASDAQ: META), its average price by the end of 2024 could reach $0.0000320725, an increase of 334% from its price at the time of writing.
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Specifically, if it followed strictly the path of the internet, it might just reach the price of $0.00002005 by that time, $0.00002931 if it mimicked the growth of Google, $0.00005921 if it imitated Facebook, and $0.00001972 if it went down the same road as mobile tech.
Furthermore, based on the growth of the above factors, Shiba Inu could achieve an average price of $0.00005697 by the end of 2025, showing a 670.91% gain if it came true, based on the potential price of $0.00002589 if it followed the internet, $0.00004575 in terms of Google’s growth, $0.000131 judging by Facebook, and $0.00002524 according to the mobile tech growth.
SHIB price analysis
Meanwhile, Shiba Inu was at press time changing hands at the price of $0.000007390, recording an increase of 0.26% in the last 24 hours but a 10.95% drop across the previous seven days and a loss of 15.93% on its monthly chart, as per the latest data.
All things considered, whether it truly has any chance of achieving the predicted price made on the basis of the above indicators will depend on the positive developments around the digital asset, as well as the atmosphere in the wider crypto market.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
