As the Shiba Inu token closes 2023 above $0.00001, prominent AI chatbots Google Bard and ChatGPT have made price predictions for Shiba Inu in 2024.
Shiba Inu (SHIB) currently trades at $0.00001038 following a growth of over 28% in 2023. While SHIB saw an appreciation last year, some community members have lamented its underperformance when compared to other notable names, such as Bitcoin (BTC) and Ethereum (ETH).
But what does the future hold for SHIB in 2024? Will it continue to soar to new heights, or will it relinquish the gains of last year? To answer this question, we asked two of the most prominent AI chatbots, Google Bard and ChatGPT, to share their price predictions for SHIB in 2024.
Google Bard Price Predictions for Shiba Inu in 2024
Google Bard noted that predicting the future price of any cryptocurrency is very difficult, especially for a volatile dayone like SHIB. However, it offered some possible scenarios based on the current conditions and tokenomics of SHIB.
According to Google Bard, the bullish scenario for SHIB in 2024 would see the price range between $0.000018 and $0.000044, driven by strong community support, the success of Shibarium and metaverse projects, increased institutional adoption, positive news and developments, and overall bullish sentiment in the broader crypto market.
The neutral scenario for SHIB in 2024 would see the price range between $0.000011 and $0.000017, driven by balanced market forces, continuation of current trends, gradual adoption and development progress, and mixed external factors affecting the crypto market.
However, Bard suggests the bearish scenario for SHIB in 2024 would see the price range between $0.000007 and $0.000012, driven by increased regulatory pressures, negative news or market turbulence, lack of significant progress on development goals, and a decline in overall crypto market sentiment.
Google Bard also highlighted some important factors to consider for SHIB’s price in 2024, such as the progress of Shibarium, the integration of Shiba Inu into the metaverse and gaming spaces that could attract new users and boost demand for the token.
It also called attention to the strong and active Shiba Inu community that could influence the price through collective action and support, and the broader cryptocurrency market that could significantly impact SHIB’s price.
ChatGPT Price Prediction for Shiba Inu in 2024
When we asked ChatGPT, the AI chatbot noted that it cannot give price predictions for crypto assets. However, a jailbreak prompt triggered its speculation, which was generally more bullish and ambitious than Bard’s predictions.
ChatGPT expects the price of Shiba Inu to surge to approximately $0.002345 in 2024. This estimation is based on a combination of factors, including the token’s historical price movements, ongoing developments in the Shiba Inu ecosystem, and a positive sentiment within the broader cryptocurrency market.
The AI chatbot warned investors that this is a speculative projection and should be approached with caution, given the inherent volatility of the crypto space.Â
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.
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