In about four months, the highly anticipated Bitcoin halving event will play out, orchestrating a rally that will boost both Bitcoin (BTC) and altcoins’ market valuation.
As this notable event approaches, among altcoins that grab the crypto community’s attention, Shiba Inu (SHIB) tops the chart, possibly due to its affordability, which allows users to accumulate the token in large quantities.
Consequent to the above, we deemed it wise to inquire Google Bard about the potential SHIB prices after the Bitcoin halving event.
Read Also: We Asked ChatGPT if Shiba Inu (SHIB) Can Flip Dogecoin (DOGE) in 2024. Here’s What It Said
Meanwhile, speculations about BTC’s ability to reach $100K and $250K have been making rounds in the crypto sphere. Bard’s responses on SHIB’s potential prices after the Bitcoin halving event were centered around these two highly speculated prices.
SHIB is selling currently at approximately $0.000011, with a 0.1% increase in the past 24 hours.
Possible Shiba Inu (SHIB) Price Once Bitcoin Hit $100,000
Google Bard highlighted three scenarios with different prices based on correlations between Bitcoin (BTC) and SHIB price movements.
Projecting potential prices that could play out in a moderate correlation scenario, Bard noted that SHIB boasts a stronger correlation with Bitcoin in comparison with other altcoins. The chatbot spotlighted a potential price projection of $0.000036 for SHIB, implying a 200% increase from the coin’s current standings.
For a strong correlation scenario, a 300% price surge from current standings was projected, implying a possible $0.000048 price point.
Notably, the chatbot revealed that the projected prices for the first and second scenarios will be driven by a spike in SHIB’s adoption rate.
Finally, the third correlation, the outsized pattern, will witness a 400% price increase, which would send SHIB to the $0.000058 price region or beyond.
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Read Also: Shiba Inu Burn Soars 160,000% As SHIB Price Regains Surging Momentum
Possible Shiba Inu (SHIB) Price Once Bitcoin Hit $250,000
Bard seems skeptical about Bitcoin reaching price levels as high as $250,000. The AI model noted that it sees the price playing out as being more speculative.
Nonetheless, like what ensued above, when predicting SHIB price for Bitcoin at $100, Bard spotlighted three possible prices for SHIB based on three scenarios that could ensue with BTC at $250K, post-halving event.
A moderate correlation scenario will witness a 400% spike, bringing XRP to prices around $0.000058.
For the second outcome, the strong correlation, a 600% price increment is expected; this will send SHIB’s price to about $0.000087.
The final scenario, which is the outlandish correlation, will send SHIB’s price by 1000% or even more, bringing the asset price to approximately $0.00015 or even higher.
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