ChatGPT Gives Shiba Inu Price Prediction: Could SHIB Hit $0.000050 in 2024?

It’s been an unpredictable couple of weeks in the crypto market, with a lot of coins and tokens publishing substantial losses.

Offered this background, we charged the AI design ChatGPT with anticipating whether Shiba Inu (SHIB) might go back to the $0.000050 level this year.

We likewise asked ChatGPT which other meme coins might be set for a rate rise– with the design highlighting one new presale token that it thinks may be primed for a bull run.

Faith in SHIB Wavers as Price Continues Heading Downward

SHIB is hovering around the $0.0000089 level at the time of composing, having actually dropped 25% given that December 17.

After going on a tear in the last months of 2023, the meme coin has actually drawn back significantly from its regional peak of around $0.0000119.

SHIB appears to have actually discovered assistance around $0.0000086, where the cost has actually reversed strongly 3 times in the previous 3 weeks.

This might be establishing for SHIB’s next significant relocation if purchasing momentum returns.

Technical signs on the day-to-day chart reveal the meme coin has strong resistance ahead at the 50-day rapid moving average (EMA).

If SHIB can break through this vibrant resistance level, presently around $0.0000095, it might stimulate a run back to December’s high.

daily SHIB trading volumes have actually dropped in the previous 24 hours, recommending financiers are despairing in the token’s potential customers.

SHIB still has an extremely dedicated neighborhood backing it, suggesting there’s constantly scope for a sharp rebound.

ChatGPT Offers Conservative Outlook for Shiba Inu in 2024

When inquired about Shiba Inu’s potential customers for 2024, ChatGPT offered a determined take on the meme coin’s outlook.

Provided SHIB’s existing rate of around $0.0000089 and its down pattern because mid-December, ChatGPT thinks a rally to $0.000050 by the end of the year appears extremely positive.

The AI design pointed to the launch of the Shibarium layer-2 network last September as a continuous favorable advancement that might support steady development.

According to ChatGPT, a more affordable cost target for SHIB in 2024 would remain in the $0.000012 to $0.000020 variety.

The model-based this conservative outlook on normal meme coin volatility and the absence of instant significant drivers ahead that might stimulate a breakout.

If the dedicated SHIB neighborhood can unite for viral marketing projects or Shibarium sees enormously increased adoption, ChatGPT confesses striking $0.000050 can not be dismissed.

Which Other Meme Coins Is ChatGPT Optimistic About in 2024?

While ChatGPT appears mindful about meteoric gains for Shiba Inu, the AI design does see prospective in other corners of the meme coin area in 2024.

In specific, ChatGPT flagged an emerging token called Sponge V2 (SPONGEV2) as an under-the-radar play that might be primed for a breakout.

ChatGPT Predicts 5x Gains for Sponge V2 Due to Gaming & & Staking Utility

As a soon-to-be-launched meme coin, Sponge V2 is the next generation of the Sponge (SPONGE) token, which saw enormous gains after its launch last May.

The primary worth proposals of Sponge V2 are its combination into a play-to-earn (P2E) video gaming environment and high staking benefits

The token advantages from the already-established Sponge neighborhood, which consists of over 28,000 individuals on Twitter

According to ChatGPT, these components make SPONGEV2 an appealing speculative bet within the meme coin area in 2024.

In specific, the AI design things SPONGEV2 might see considerable cost gratitude once it gets noted on exchanges like Uniswap.

ChatGPT pointed out the advancement group’s enthusiastic objective for a $100 million market cap and the $6 million currently staked in the “Stake-to-Bridge” system as factors for its bullish outlook.

If Sponge V2’s group can provide on their roadmap and gain traction amongst the retail crypto crowd, ChatGPT thinks the token’s rate might reach $0.003 to $0.005 this year.

Ought to this forecast come to life, it would represent approximately 5x gains from the existing SPONGE cost.

All in all, while totally theoretical, ChatGPT’s projection highlights the interesting capacity of Sponge V2 moving forward.

Interested financiers can purchase and stake SPONGE straight through the job’s site at sponge.vip.

Disclaimer and Risk Warning

This is a news release post. Coinpedia does not back or is accountable for any material, precision, quality, marketing, items, or other products on this page. The image utilized in this post is for educational functions just and is supplied to us by a 3rd party. Coinpedia ought to not be delegated image copyright problems. Contact us if you have any concerns or issues. Readers need to do their research study before taking any actions connected to the business.

Was this composing practical?

No Yes