[ccpw id="39382"]

HomeCrypto NewsMarketGoogle Bard Predicts When Shiba Inu Could Hit $0.0001, $0.001, $0.01 or $0.1

Google Bard Predicts When Shiba Inu Could Hit $0.0001, $0.001, $0.01 or $0.1

Date:

Written By:

As several investors continue to wonder how high Shiba Inu (SHIB) can go, Google Bard, the AI chatbot from Google, has projected when it could hit $0.00001, $0.001, $0.01 or $0.1.

Shiba Inu currently trades for $0.00001067, up 2.79% over the past 24 hours. While the token has successfully defended the $0.00001 territory, reaching the outlined price targets would require massive surges.

At its current price, Shiba Inu would need to rally 837% to clinch $0.0001, and by a massive 9,272% to hit $0.001.

- Advertisement -

The $0.01 and $0.1 targets require more substantial price surges to the tune of 93,620% and 937,107% respectively. These rates underscore how challenging hitting the targets could be for SHIB.

Shiba Inu to $0.0001

However, according to Google Bard, reaching $0.0001 is a more realistic goal for Shiba Inu in the near to medium term, possibly within 1-2 years. 

The chatbot says that Shiba Inu has shown periods of rapid growth in the past, fueled by hype and social media trends. Based on this, it believes a similar spike could push it to this level. 

Google Bard also says that increased adoption and utility within the Shiba Inu ecosystem, such as the Shibarium blockchain and the ShibaSwap exchange, could boost its price.

- Advertisement -

Shiba Inu to $0.001

Nonetheless, Google Bard believes that reaching $0.001 is a much harder task, requiring a 100x increase from the current price. According to Bard, it could take 5-10 years, if ever. 

The chatbot says that Shiba Inu would need to achieve widespread adoption as a medium of exchange or a store of value for such a huge price increase. This would entail overcoming major challenges like regulatory issues and competition from established cryptocurrencies.

Shiba Inu to $0.01

For the $0.01 target, Google’s AI chatbot says it is highly unlikely in the foreseeable future, as it would require an increase of nearly 10,000x, which is almost unheard of in the cryptocurrency market for a token at the current price position, circulating supply and market cap.

The chatbot says that Shiba Inu would have to replace major fiat currencies and become the dominant global currency for such a scenario. Google Bard highlights the fact that most cryptocurrencies go through boom-and-bust cycles, and Shiba Inu is no exception.

Shiba Inu to $0.1

According to Google Bard, reaching $0.1 is purely hypothetical and borders on fantasy, as it would require a near 1,000,000x increase. The chatbot suggests that this magnitude of increase is beyond the realm of reasonable prediction for any asset class. 

Bard notes that Shiba Inu would have to eclipse traditional financial systems and become one of the major currencies in the world for such a scenario. Google Bard says that this scenario is quite improbable, and might not be worth considering. The chatbot failed to give any date projection for the $0.01 and $0.1 targets.

Google Bard says that its estimates are based on a combination of historical price data, analysis of technical indicators, and consideration of fundamental factors like adoption, utility, and competition. 

However, the chatbot cautions that these are just educated guesses and should not be taken as financial advice. Google Bard emphasizes that the cryptocurrency market is highly volatile and subject to rapid changes.

Follow Us on Twitter and Facebook.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

-Advertisement-

Author

Sam Wisdom Raphael
Sam Wisdom Raphael
Sam Wisdom Raphael is a seasoned crypto news writer and journalist with 5 years of experience covering blockchain, DeFi, and crypto developments. Sam's active presence in the crypto community complements his deep understanding of the crypto space, allowing him to craft comprehensible price analysis reports and tackle technical blockchain concepts.

More from Author

Latest Stories

Guides