Following the recent surge in the past two weeks, most assets in the cryptocurrency market are showing signs of slowing down. Shiba Inu (SHIB), the famous meme coin, also experienced a similar situation. However, the answers provided by the artificial intelligence (AI) platform ChatGPT to questions indicate that the renowned meme coin could have a promising start to the new year.
In this regard, ChatGPT-4 was asked to make a price prediction for Shiba Inu at the beginning of 2024, considering past market movements and technical indicators. As of November 6th, the AI shared its views.
The Future of Shiba Inu
In response to the question posed to ChatGPT-4, it stated that Shiba Inu could trade at least $0.0000135786 in the early months of 2024, which represents a 65.62% increase based on its current price at the time of writing. Moreover, the AI also predicted that the maximum price could reach $0.0000161984, indicating a 97.57% increase.
Looking at the average of the predictions made by ChatGPT-4, it points to $0.0000140786, which suggests that the crypto asset, currently ranked 18th in terms of market value, could experience a growth of 71.72% based on its current price.
How Did Shiba Perform?
As of the time of writing, SHIB was trading at $0.0000081987, indicating a significant change in the past 24 hours. When examining the data from November 6th, SHIB had experienced a 2.32% gain in the previous seven days and a 13.31% increase in monthly charts.
Furthermore, Shiba Inu witnessed a net growth of 420% in whale transactions within the past 24 hours, reaching an impressive transaction volume of $33.78 million. According to IntoTheBlock, it was observed that 4.11 trillion SHIB tokens were moved in a single day, with most of them being transferred from one wallet to another.
In conclusion, Shiba Inu, with positive indicators, may be able to attract sufficient investor interest and receive support for its work on the Shibarium network, which could potentially lead to achieving the price range highlighted by ChatGPT-4.
