🛑🚀Machine learning algorithm predicts Dogecoin and Shiba Inu price for June 2024.
Expectations for the prices of Dogecoin and Shiba Inu have gone off track as a machine learning algorithm has predicted where the price of these two meme coins will be in the month of June 2024. While the machine learning algorithm expects the price of Shiba Inu to perform well in the coming month, took a more bearish stance on Dogecoin.
Shiba Inu to Reach Previous ATH Levels in June 2024
The Coincodex machine learning algorithm has taken an incredibly bullish stance on Shiba Inu, especially in the month of June 2024, which is expected to be bullish for the cryptocurrency market. According to the prediction, the price of Shiba Inu will rise towards its highest-ever price of $0.00008 next month.
To be more specific, the machine learning algorithm places the price of the Shiba Inu at $0.00008086, which is a 229% increase from its current level of $0.000025. This is only around 10% below its all-time high price of $0.00008845, and if it develops this way, it could put the meme coin on the path to creating a new all-time high.
Dogecoin Price Prediction
Unlike the prediction for Shiba Inu, the machine learning algorithm is much more bearish on the price of Dogecoin. It puts its June 2024 in the ballpark of $0.143, representing a nearly 14% decrease in value from the current level DOGE is trading at.
The bearish trend is also the same in the short term, with a 5-day price prediction of $0.1646, which is a drop of 1.0%. However, he notes that Dogecoin indicators remain bullish and its Fear & Greed index shows greed. This means that investors are still willing to put money into the meme coin for now.
