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Although the year 2024 started positively for many cryptocurrencies, Shiba Inu (SHIB) has not experienced the same, as it began efforts to compensate for past losses. Recent responses from ChatGPT-4 have shed light on the potential price of Shiba Inu in 2024, considering historical data, technical indicators, and growth within the ecosystem.
What Will Happen to Shiba?
Regarded as the world’s number one artificial intelligence chatbot, ChatGPT attempts to provide consistent answers by basing them on technical indicators, ecosystem yields, and SHIB’s past price movements when responding to questions.
The AI, trying to compile existing information to create a logical response, offered three different price predictions for SHIB in 2024. These were categorized as bullish, bearish, and moderate scenarios.
In particular, the AI evaluated both a potential bullish and bearish scenario simultaneously, emphasizing SHIB’s successful ecosystem developments and suggesting that the price could reach between $0.0000259 and $0.002345 in a favorable market environment.
Following that, the application’s bearish prediction, likely due to market downturns or project development hiccups, was set at $0.0000078.
Additionally, ChatGPT provided an average price prediction for Shiba Inu in 2024, estimating it could be between $0.00000920 and $0.00001311.
If one of the predictions is correct, SHIB could trade at a level 5% lower or potentially 35% higher than its current value.
How Much is Shiba Coin in Turkish Lira?
As of the time of writing, SHIB has experienced a 4.12% decrease in the last 24 hours, trading at $0.000009584. Over the last 7 days, there has been a 10% decrease in price, and a 3.68% decrease over the past month.
For those trading the SHIB/TRY pair, the price has reached 0.000286 TL, reflecting a 4% decrease.
Overall, whether SHIB will reach any of the targets set by ChatGPT will depend on various factors, including its over one million holders, the state of the crypto market, and external pressures that could impact the meme cryptocurrency.
