The future price trajectory of Shiba Inu (SHIB), the second-biggest meme coin, remains hotly debated. Most analysts believe that SHIB will keep up its bullish trend after its recent massive surge of over 250%. To get a new perspective, we consulted Gemini, a large language model from Google, to get predictions for SHIB for December 2024.
According to Gemini, SHIB could go in one of three directions in 2024. The first scenario represents a bullish outlook, with the chatbot predicting a significant price increase for SHIB.
Gemini anticipates SHIB to reach $0.0002, reflecting a growth of over 410% from its current price of $0.00003195. This target is close to a target set by another analyst who recently predicted an 822% surge.
Read Also: Google Gemini and ChatGPT Predict SHIB Price if Bitcoin hits $500k Based On Bloomberg Report
The second scenario presents a moderate market outlook for SHIB. Gemini expects SHIB to experience a steady increase, reaching $0.0001 by December 2024. This represents a growth of approximately 155% from SHIB’s current price.
The third scenario depicts a bearish market outlook for SHIB. Even in this scenario, Gemini predicts a price increase, albeit a more modest one. The AI-powered chatbot expects SHIB to reach $0.00005 by December 2024, reflecting a growth of around 27% from the current price.
It is important to remember that these are just predictions, and the actual price of SHIB in December 2024 could be higher or lower than any of these forecasts. The cryptocurrency market is volatile, and several factors can influence price movements. These include regulatory changes, market sentiment, adoption by major institutions, the overall performance of Bitcoin, and more.
Some major advantages for SHIB are the growth of Shibarium, its layer-2 blockchain, and the increasing token burning. It’s worth mentioning that an auto-burn portal is currently being tested, and this could rapidly increase the burn rate, potentially aiding the growth of SHIB in the long run.
Read Also: Gemini Is Expressing Excitement about XRP. Another Major U.S. Listing Underway? Details
Despite the uncertainties, Gemini’s predictions offer valuable insights for Shiba Inu investors. All three scenarios suggest an upward trend for SHIB by the end of 2024. Notably, even the most conservative prediction anticipates a price increase.
However, exceeding the all-time high of $0.00008845, set in October 2021, would require the realization of Gemini’s moderate or bullish scenarios. Meanwhile, ChatGPT recently revealed that SHIB will surpass its all-time high in 2024.
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