The past few weeks have seen Shiba Inu (SHIB) experiencing declines, dropping below four significant psychological support levels. The bearish storm that seemed to limit crypto market activities is yet to show any substantial possibility of turning into a bullish run soon. Shiba Inu holders are at a loss as to what the future has in stock for SHIB tokens.
While the unfavorable conditions in Shiba Inu’s ecosystem remain prevalent, artificial intelligence (AI) models, Microsoft AI, and Google’s Bard have delved into deep blockchain analysis to assess Shiba Inu (SHIB) prospects of hitting the $0.001 price mark.
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What Microsoft AI Says about SHIB to $0.001
After quizzing Microsoft AI about Shiba Inu’s possible ascent to a $0.001 market worth, the AI chatbot responded explicitly, noting that the chances of a $0.001 price high appear unlikely considering SHIB’s massive token circulatory pool.
Microsoft’s AI model took cognizance of every important Shiba Inu tokenomics, ranging from the sentiment surrounding the overall ecosystem to Shiba Inu’s current selling price and recent price movements; the chatbot concluded that while it seems tricky for Shiba Inu’s spike to a potential $0.001 market value, the likelihood remains a possibility.
Per Microsoft’s AI, Shiba Inu’s rise largely depends on the SHIB tokens demands increase. “This could be driven by increased adoption by businesses or by a surge in popularity among retail investors.”
In addition, the Microsoft chatbot stressed the need for an immediate move to burn down SHIB’s massive supply, noting how the burning action could be crucial for its survival. However, the AI model emphasized that a reduced supply and increased adoption of SHIB coins are not assurance that SHIB will hit the $0.001 price mark.
Google Bard Predicted A Similar Trend to That Of Binge For Shiba Inu
Also, Google’s AI chatbot, Bard, noted, “Shiba Inu can hit $0.001, but it is highly unlikely.” Bard considered Shiba Inu’s current circulating supply and market cap in its assessment, stressing that a $0.001 price ascent for Shiba Inu will imply a market cap worth $583.9 billion for Shiba Inu (SHIB).
For context, Shiba Inu’s current market cap fell around the $3.89 billion price level. On the other hand, Bitcoin(BTC) and Ethereum boast a $503 billion and $209.98 billion market cap, respectively.
Read Also: 4 Trillion SHIB Unstaked, Moved to Binance. Here’s its Significance on Shiba Inu Total Supply
SHIB’s Market Trends For The Past Few Weeks
Having broken below the $0.00001 price level on May 6 and the $0.000009 price mark on May 23, SHIB also broke the $0.000008 and $0.000007 levels on June 10, which culminated in the aftermath of the SEC’s latest lawsuits against Binance and Coinbase. Per CoinGecko, Shiba Inu now sells for $0.00000676, a price level Shiba Inu last witnessed in September 2021.
Based on SHIB’s current price, the coin requires a spike of 15,028% to ascend to the $0.001 market cost. However, the prevailing bearish stronghold that does not seem to end soon implies that Shiba Inu may further fall short of the $0.001 price target.
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