Even though Shiba Inu (SHIB) has experienced a decline from its peak as a meme token in March 2024, and a significant drop on July 24 and 25 coinciding with a notable downturn in the stock market, there has been a resurgence observed by July 26.
This resurgence can be partly credited to Shibarium, a Layer-2 solution that was officially launched in August 2023. There was a remarkable 15% surge in transactions on July 25, aligning with the surge in new contracts on Shibarium, which skyrocketed by over 300% from 8 to 36 within just 24 hours.
These positive developments have had a favorable impact on SHIB within the cryptocurrency markets, leading to a 3.44% rise in the latest full day of trading, bringing the price to $0.00001679.
Looking ahead, with indicators such as the relative strength index (RSI) and promising advancements for Shibarium indicating sustainability in the upward trend, Finbold chose to delve deeper and seek insights from advanced artificial intelligence (AI) models to predict SHIB’s potential value by the end of 2024.
Analysis by AI on Predicted SHIB Value by End of 2024
The leading AI model, OpenAI’s advanced ChatGPT-4o, has taken an optimistic stance on SHIB, setting the target price for the cryptocurrency at $0.00003 by the end of the year. This forecast was backed by market sentiment, technological advancements, and positive news in the crypto space, including approvals for Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs).
In contrast, the more cautious ChatGPT-4o mini provided a range between $0.000015 and $0.000020 for Shiba Inu, attributing SHIB’s future value to market sentiment, utility advancements, and regulatory factors.
On the other hand, the newly introduced SearchGPT landed in the middle, predicting Shiba Inu to hit $0.000025 by the late 2024. This projection was based on ecosystem enhancements and token burn dynamics as key drivers for the upsurge.
Additionally, Microsoft’s Copilot also envisioned the same target price, indicating that community initiatives, market trends, and increasing adoption levels suggest a rally by the end of the year.
At the same time, Alphabet’s Gemini, formerly known as Google Bard, foresaw advancements in Shiba Inu driving its value upwards but warned of intense competition in the meme coin sector potentially limiting the gains.
Nevertheless, Gemini concurred with Copilot and SearchGPT, predicting SHIB to reach $0.000025 by the conclusion of 2024.
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