The generative AI market continues to captivate the world with innovative tools, and Google Bard has emerged as a standout in the field. Using its intelligence, Bard offered valuable insights into the potential future price of Shiba Inu (SHIB). As the crypto market continues to exhibit fluctuation, TimesTabloid sought Bard’s assessment to shed light on SHIB’s prospects in the next crypto bull market.
Despite stating that it’s difficult to predict the price of Shiba Inu in the next bull market, Google Bard highlights several key factors that could impact its value. Among these factors is the development of the Shiba Inu ecosystem, particularly the introduction of Shibarium, the newly launched layer 2 solution on the Ethereum blockchain.
Bard also considers the adoption of SHIB as a form of payment by businesses and consumers, which could drive increased demand. Additionally, the overall performance and positive sentiment in the crypto market are likely to have a significant impact on the price of SHIB.
Range of Price Predictions for SHIB Shared By Bard
In light of the above factors, Google Bard has shared a range of price projections for SHIB in the next bull market. According to experts, the price could reach $0.00001 or even $0.0001. Notably, crypto news outlet AMBCrypto predicts that the average price of SHIB in October 2023 may be $0.0000081, representing a 15% decrease from the current level, with a maximum potential price of $0.0000087, reflecting a 9% decline.
Conversely, CoinPedia offers a more optimistic outlook, projecting a price of $0.0000112, suggesting a 16% increase, and even a high of $0.0000259, indicating a potential gain of about 170%.
Among the various price forecasts listed by Bard, crypto exchange Changelly has the most bearish outlook. It sets Shiba Inu’s minimum price at $0.0000079192, reflecting a decline of 17.74%. Changelly also provides a maximum price forecast of $0.0000092891, indicating a 3.51% decrease by the end of 2023, as specified by the AI platform.
Read Also: Shiba Inu Lead Developer’s Response to a User Who Wants SHIB Price to Go Up
Current Status of SHIB
Presently, the price of SHIB stands at $0.000009246, denoting a relatively 7% decline within the day. Over the past week, SHIB has experienced a 6.18% loss. This indicates that the launch of Shibarium on the mainnet has not been favorable to SHIB in terms of price.
While Google Bard’s insights provide a summary of predictions gathered from various online sources, it’s crucial to acknowledge that these forecasts are not an exact science. Investors should conduct thorough research before allocating a significant portion of their portfolio to any asset. As the crypto market constantly evolves, vigilance and informed decision-making remain paramount.
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