Shiba Inu (SHIB), a meme coin with a loyal following, has captured investor interest with its recent price surge. This has led to speculation about the possibility of SHIB reaching ambitious price targets. To understand the feasibility of these predictions, we will explore the viewpoints of crypto platform Changelly and AI-powered chatbots Google Gemini and OpenAI’s ChatGPT.
Gemini acknowledges the inherent difficulty of predicting specific price points. However, it explores hypothetical scenarios to help understand SHIB’s potential growth trajectory.
Gemini provided its characteristic three scenarios, starting with a bullish scenario. With widespread adoption and positive news developments, Gemini believes SHIB can reach $0.0003 by the end of 2024.
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This target surpasses SHIB’s all-time high of $0.00008845, showing Gemini’s high expectations for the meme coin. This target is also very close to a target of $0.00027 set recently by a prominent crypto analyst.
However, Gemini shows there’s a chance that SHIB might not reach this target with its moderate prediction. If the stars don’t align perfectly, SHIB might not reach $0.0003, but Gemini believes it can surpass its all-time high with a target of $0.0001.
However, Gemini also highlights that SHIB’s progress might stall and predicts a potential bearish scenario where SHIB might experience a price decline.
Following a jailbreak prompt, ChatGPT predicts that SHIB can reach $0.00035 by the end of 2024. Both AI-powered chatbots have set similar targets for SHIB, bolstering confidence that the meme coin can reach or surpass this target.
Changelly’s analysis highlights Shiba Inu’s current bullish momentum, evidenced by its high RSI and “Extreme Greed” fear and greed index (FGI). Changelly offers an optimistic short-term outlook, predicting a climb to $0.00006347 from its current price of $0.00003239 by March 31.
Changelly’s long-term forecast for SHIB is highly optimistic. Changelly believes SHIB can surpass its all-time high of $0.00008845 by 2026, with a predicted minimum price of $0.0000949905, an average price of $0.0000989901, and a maximum price of $0.0001109889.
Read Also: Here’s When Shiba Inu (SHIB) Is Projected To Reach $0.005 and $0.01
Unlike ChatGPT and Gemini’s lofty targets, Changelly sets a minimum price of $0.0000439956, an average of $0.0000449955, and a maximum of $0.000049995 for 2024. Some analysts believe 2024 will be an explosive year for SHIB, and these predictions support that belief, although they don’t have the same target.
Changelly believes SHIB can reach $0.0003 by 2029, setting a minimum price of $0.0002979702, an average of $0.0003089691, and a maximum of $0.0003629637.
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