The prevailing deceleration observed in the cryptocurrency market affects a significant portion of assets, including Shiba Inu (SHIB). However, insights derived from data analysis conducted by the artificial intelligence (AI) platform ChatGPT indicate that the renowned dog meme cryptocurrency may experience a relatively favorable beginning to the upcoming year.
Finbold has sought consultation from ChatGPT-4, the latest version of OpenAI's creation, to gain insights into the price of Shiba Inu at the onset of 2024. This analysis considers historical data, trends, technical indicators, and provides a comprehensive response based on the perspective as of November 6.
The subject of ChatGPT's predictions
According to the AI bot's prediction, it is anticipated that the value of Shiba Inu may reach a minimum of $0.0000135786 by the beginning of 2024. This projected value would signify a notable surge of 65.62% compared to its current price at the time of analysis. Conversely, it has been said that the upper limit of the price might potentially reach $0.0000161984, resulting in a profit of 97.57%.
Stated otherwise, the aforementioned analysis indicates that the mean value of the projected prices provided by ChatGPT is around $0.0000140786. Consequently, this estimation implies a potential increase of 71.72% relative to the current price of the cryptocurrency ranked as the 18th largest in terms of market capitalization.
The current study of Shiba Inu (SHIB) reveals that as of the time of writing, its price stands at $0.0000081987. This represents a change in value over the last 24 hours, resulting in a gain of 2.32% over the last seven days and a 13.31% growth on its monthly charts. This data is based on information gathered on November 6.
The above visual representation illustrates the price fluctuations of Shiba Inu over a period of 30 days. Citation: Finbold (n.d.)
In other locations, the Shiba Inu cryptocurrency has observed a significant increase of 420% in transactions involving large holders within a 24-hour period. The total value of these transactions amounted to an impressive $33.78 million, indicating the exchange of approximately 4.11 trillion SHIB tokens. Notably, the majority of these transactions occurred between two anonymous wallets, as reported by IntoTheBlock.
Transactions involving large amounts of SHIB by whale investors. Citation: IntoTheBlock (n.d.). IntoTheBlock is a reputable source that provides valuable insights and analysis in the
Taking these factors into account, it is plausible for the price range anticipated by ChatGPT-4 to be attained by Shiba Inu, given favorable indications, sustained investor attraction, and ongoing efforts by its team to enhance the SHIB ecosystem, including advancements in the Shibarium network.
