The year 2023 is coming to an end for cryptocurrencies, and perhaps everyone’s eyes are already turned to a critical event. Everyone is already paying attention to the Bitcoin halving. Particularly, the Bitcoin halving is expected to take place in April 2024, and this event has always brought major bull runs to both Bitcoin and altcoins due to the atmosphere it created in the past. As a result, although the time has not yet come, things seem to have already started to take a positive turn for most cryptocurrencies.
Current Status of SHIB Coin
As of the time of writing, SHIB was continuing to trade well away from the critical $0.000010 level. After a disastrous 2022 and the past month, it hosted price increases of 34.7% and 34.5% respectively. Looking at the past week, the maximum and minimum prices for SHIB were $0.00001165 and $0.00000972 respectively.
The information mentioned above and the price movements that have occurred suggest that SHIB’s price could rise, but the question still remains, what will SHIB’s price be in the long term, especially after the Bitcoin halving?
The Bitcoin halving is expected to affect all cryptocurrencies, and while this may indicate a rally for SHIB that could attract attention, there seems to be no realistic potential price target for the memecoin in the market. This may be due to the fact that history is perhaps about 4 months away.
What Did Talegaon and Google Bard Say?
While answers are being sought with artificial intelligence, institutions making predictions are not absent either. Talegaon did not shy away from commenting on the subject contrary to market analysts and stood out with its SHIB price prediction. According to the analysis platform, if SHIB maintains its current price movement, it could reach its all-time high price.
Meanwhile, according to Talegaon’s 2024 SHIB price prediction, the crypto asset could reach maximum and minimum levels of $0.0000571 and $0.0000221 respectively. Additionally, during this period, the analyst expects SHIB to be in an average price region of $0.0000367.
The price expectation presented by Talegaon is just a prediction and is only a few of the possible expectations for the coming year, depending on how it develops. However, it is also important to remember that the market is volatile and unpredictable.
Google’s artificial intelligence Bard also responded to a question about SHIB’s future price and made a prediction. According to the AI model’s prediction, SHIB could trade at three different price levels, which could be described as optimistic, normal, and pessimistic.
In the event of a pessimistic scenario, according to Bard, the predicted level for SHIB is $0.00004. In a moderate scenario, the price is thought to fluctuate between $0.00008 and $0.00012. In the event of an optimistic expectation, according to Bard, the price could reach levels between $0.00015 and $0.0002.
