Google’s experimental AI chatbot Bard recently made several projections on the timeline for Shiba Inu to hit $0.001, $0.01, and $0.1.
Google’s AI chatbot, Bard, has generated a series of projections regarding the future price milestones of Shiba Inu (SHIB). Notably, Bard recently presented projected timelines for Shiba Inu to hit $0.001, $0.01 and $0.1
Shiba Inu proponents eyeing the $0.001 mark should prepare for a patient journey. Bard suggests it could take until 2024 or even 2025 for SHIB to hit this milestone. Currently priced at $0.00000759, achieving $0.001 implies an astronomical 13,075% surge.
Reaching the $0.01 mark is an even more formidable task, requiring a massive 131,652% surge from the current price.
Bard is cautious, deeming it unlikely in the next few years. However, the chatbot speculates that, with increasing popularity and adoption, SHIB might touch $0.01 by 2033.
For Shiba Inu to scale to $0.1, it would need an astonishing 1,317,423% rally. This would require the asset to replicate the previous meteoric surge it registered between 2020 and 2021.
This would catapult SHIB’s market cap to a staggering $58.9 trillion, assuming the circulating supply remains relatively stable. To put this in perspective, the entire crypto market’s cap currently stands at $1.04 trillion.
While this goal may seem far-fetched, Bard suggests that if SHIB can establish itself as one of the premier crypto assets globally, the $0.1 summit might be attainable in the coming decades.
However, Bard noted that it is vital to approach these projections with caution. The cryptocurrency market is notorious for its unpredictability, and multiple factors can influence SHIB’s price.
According to the AI chatbot, some of the variables that could sway SHIB’s price trajectory include:
- New Use Cases: If SHIB finds adoption as a payment method by major businesses, it could increase its price.
- Market Performance: A bullish overall cryptocurrency market might provide tailwinds for SHIB.
- Greater Demand: Heightened demand for SHIB could skyrocket the asset’s price. The recently launched L2 solution Shibarium aims to attract investors to the Shiba Inu ecosystem.
- Negative News: Conversely, negative developments like security breaches or escalating FUD could lead to price declines.
Bard emphasized that investors must remain cautious despite the recent projections. The crypto market is characterized by volatility and unpredictability. As a result, the journey to $0.001, $0.01, or $0.1 remains uncertain, with numerous variables at play.
Meanwhile, Shiba Inu has not escaped the recent market decline, plummeting harder than most assets. SHIB is down 21% over the past 30 days, as it changes hands at $0.00000759 as of press time.