Google AI predicts Shiba Inu’s price path, highlighting diverging views; CoinCodex offers long-term bullish projections.
Google Bard, an AI tool by Google, has suggested specific price outlooks for Shiba Inu (SHIB) amid the coin’s continuous growth over the past week.
Google Bard noted that the potential price trajectory of Shiba Inu is subject to considerable uncertainty as analysts hold differing views.
It revealed that some experts project a potential ascent for Shiba Inu to $0.000015 by the conclusion of 2023, while others see $0.000028 by the close of 2024. On the other hand, a more cautious outlook exists, with some predicting that Shiba Inu might regress to its historical depths of $0.0000000032.
Google Bard emphasized that the value of Shiba Inu hinges on market demand and general crypto sentiment. Should the coin continue to amass traction and adoption, it stated that it is plausible that the token could attain the $0.000015 forecasted level.
Recall that Google Bard shared its view about Shiba Inu ever hitting $0.01, as The Crypto Basic reported.
Shiba Inu Outlook via On-chain Data
Market data provider CoinCodex spotlights more immediate price movement for Shiba Inu. The firm argued a 7.25% decline, projecting the value to reach $0.000008311 by August 13, 2023.
Meanwhile, CoinCodex’s technical indicators indicate a neutral sentiment as the Fear & Greed Index stands at 54. It added that over the past 30 days, Shiba Inu has experienced 15 out of 30 green days, demonstrating mild volatility. This led CoinCodex to conclude that now appears to be a good time to invest in Shiba Inu.
Notably, CoinCodex provided extended projections for Shiba Inu up to 2030.
For 2024, it anticipates a yearly low Shiba Inu price of $0.000007797. The conclusion was grounded in historical price movements and Bitcoin halving cycles. On the bright side, the forecast suggests a potential high of $0.00002059.
For 2025, the projected price for Shiba Inu ranges from $0.00001743 to $0.00007019, indicating a potential gain of up to 652.38% if SHIB reaches the upper target.
Fast-forwarding to 2030, CoinCodex envisions a potential Shiba Inu price range of $0.00005033 to $0.00006370. In this scenario, the coin could experience a substantial increase of up to 582.94% from its current valuation.
Notably, the predictions underscore the dynamic nature of crypto markets and the potential for significant fluctuations in token values over time. Shiba trades at $0.000009331 at press time. The figure represents a significant 13.42% growth over the past week, while the broader market traded in the red.