The popular Artificial Intelligence (AI) resource Google Bard has shared insights into the potential timeline for Shiba Inu (SHIB) to soar to the price targets of $0.0001 and $0.001.
The Crypto Basic’s inquiries into this feat hinges on several predictions from experts that suggest brighter days are ahead for the crypto asset.
At the time of writing, Shiba Inu’s price has inked a minor gain of 1.09% to $0.000009721 after dropping off a zero in the wake of the recent market meltdown. The token’s market cap and 24-hour trade volume come in at $5,730,983,801 and $138,029,393 respectively.
Google Bard’s Take on SHIB to $0.0001
Following our inquiry, Google Bard first gave a disclaimer on predicting the prices of cryptocurrencies. After this disclaimer, the AI chatbot postulated that hitting a price of $0.0001 is possible in 1 to 2 years.
Attaining that price mark from the current level will mean Shiba Inu has to grow by 928%, a feat that is quite achievable should the anticipated capital flow into the industry post-Bitcoin spot ETF approval be actualized.
In justifying the projected timeline, Google Bard noted that the current social media sentiment and hype could help it attain this milestone.
Additionally, the chatbot highlighted the possibilities of achieving this $0.0001 price market riding on the growing adoption made possible by the emergence of Shibarium and the ShibaSwap exchange.
Can Shiba Inu Touch the $0.001 Mark?
Google Bard took its optimistic projections for Shiba Inu to a new height when it gave at least a 5 to 10-year timeline for the digital currency to touch the $0.001 price level.
Although Google Bard acknowledged that this timeline may become considerably longer, the AI tool shared three key factors that can help achieve the valuation goals.
It noted that the current supply of more than 589 trillion tokens has to be trimmed while boosting Shiba Inu as a store of value and medium of exchange.
With these projections, Google Bard noted that the timeline can still change depending on tech advancements and the change in crypto regulations.
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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