ChatGPT Predicts When Shiba Inu (SHIB) Can Reach $0.9

With the growing interest in Shiba Inu (SHIB), users want to know when the meme coin will enjoy another massive bull run. In our current AI-dominated landscape, finding out what ChatGPT, the leading Large Language Model (LLM), has to say about it seems appropriate.

Shiba Inu’s Journey So Far

The Dogecoin killer, as it is often called, was launched in 2020 by an unknown developer using “Ryoshi” as an alias. Shiba Inu (SHIB) has become one of the biggest cryptocurrencies in the market since then. It reached an all-time high of $0.00008845 in October 2021, overtaking Dogecoin (DOGE) at the time.

Shiba Inu is currently ranked #17 by CoinMarketCap, with a market capitalization of $4.34 billion. SHIB is trading at $0.000007367, up 0.91% over the last 24 hours and 3.59% in 7 days.

Will Shiba Inu (SHIB) Reach $0.9?

ChatGPT provides a range of scenarios for SHIB to reach $0.9, assuming the market is favorable and with minimal volatility.

Short-Term Bull Run: According to ChatGPT, some things can trigger a short-term bull run that could send SHIB to the moon. It states, “If there’s a sudden surge in positive sentiment, new partnerships, and increased adoption, SHIB could experience a rapid price increase.” For the timeline, it predicts, “This might occur within the next 6 to 12 months.”

A Shiba Inu team member recently said Shiba Inu is positioning itself for a looming bull run. This might be a good sign for some short-term growth. Now, let’s look at the medium and long-term predictions.

Medium-Term Growth: For the medium-term, ChatGPT states, “If the cryptocurrency market remains bullish, and SHIB continues to burn tokens and gain user interest, it could reach $0.9 within 1 to 2 years.”

Long-Term Evolution: For this, ChatGPT states, “Over a longer horizon of 3 to 5 years, if SHIB’s ecosystem expands significantly, it could attract more users and investors, potentially driving the price to $0.9.”

It’s worth noting that this prediction leans on mass adoption, which is the major desire of every crypto asset. As for Shiba Inu (SHIB), 3 to 5 years are long years to gun for widespread adoption for an increase in value.

However, it sounds too ambitious for SHIB to reach $0.9 in five years let alone in 6 to 12 months, which is ChatGPT’s short-term prediction. The chatbot also advises caution and personal research, considering the risks involved in the crypto investment. This implies that the information in the write-up should not be taken as investment advice.

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Tobi Loba

Tobi Loba is a passionate writer with a vast interest in the stock market. She joined the crypto ecosystem about three years ago and has written lots of ebooks and articles in relation to cryptocurrency and blockchain projects. Tobi Loba earned her degree at the University of Ibadan.