Shiba Inu (SHIB), the second-largest meme coin and the nineteenth-largest cryptocurrency by market cap, remains one of the most talked about crypto prospects that has grabbed crypto enthusiasts’ attention.
Consequent to the above, crypto users have always kept a closed tab on the crypto assets’ price movement as they seek to make considerable profits.
Meanwhile, SHIB statistics on CoinGecko showed the digital asset is changing hands at $0.00000959. It boasts a market cap of $5,651,073,766 and a trading volume of $386,015,694.
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To help our readers have a glimpse of what the future has in stock for Shiba Inu (SHIB), we thought it wise to ask Bard, Google’s artificial intelligence (AI) model, what its price could be by January 31.
Google Bard’s SHIB Price Outlook
According to Bard, predicting SHIB or any cryptocurrency price for a specific period has never been uncomplicated, considering the highly volatile crypto market clouded with uncertainties.
Highlighting some unpredictable events that could play out, making SHIB’s price prediction tricky, the AI model remarked, “Unexpected events, such as major geopolitical issues or technological breakthroughs, can significantly impact the crypto market and consequently, SHIB’s price.”
In addition, Bard also highlighted SHIB’s meme nature, describing how it could limit it from making a precise price prediction for Shiba Inu (SHIB). The chatbot noted, “SHIB’s price is often more susceptible to hype and speculation compared to established cryptocurrencies, making its movements difficult to predict with accuracy.”
Nonetheless, Bard still carved out likely price targets based on possible scenarios that could play out before January 31.
Upward Scenario
According to Bard, three possible happenings could result in an upward swing in SHIB’s price before January 31. The chatbot noted that a positive market sentiment driven by an increased adoption rate and regulatory clarity could send SHIB to price levels between $0.000017 and $0.000022 by January 31.
With increased utility and development, which the chatbot noted could be catalyzed by Shiba Inu’s development team’s effort to improve the coin’s ecosystem, Bard remarked that it could surge SHIB’s price to levels between $0.000015 and $0.000020.
Finally, Bard spotlighted how positive community hype and events could drive Shiba Inu (SHIB) to price levels around $0.000013 to $0.000018 by January 31.
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Downward Scenario
Per Google Bard Bard, a negative market shift, which could play out in unfavorable circumstances, can plunge SHIB’s price to levels between $0.000009 and $0.000014 by January 31.
In a scenario where the Shiba Inu development team appears to have not done enough to improve Shiba Inu’s technological outlook and other value-enhancing measures, Bard noted that SHIB can decline to prices ranging from $0.000008 to $0.000013.
Finally, should community support and hype drop, the AI model envisages Shiba Inu (SHIB) to fall to values between $0.000007 and $0.000012 by January 31. It is left to see how events unfold.
Bard concluded by encouraging thorough research before making any investment choice. The chatbot added that understanding the risks involved in crypto investment and never investing more than you can afford to lose will be crucial for any prospective trader who hopes to survive the crypto space uncertainties.
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