Machine learning algorithm predicts Dogecoin and Shiba Inu price for June 2024.
Expectations for the prices of Dogecoin and Shiba Inu have been 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 Shiba Inu price to perform well in the coming month, it 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 about 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
The machine learning algorithm is much more bearish on the price of Dogecoin.
It puts its price in June 2024 at the level of $0.143, which represents a decrease in value of almost 14% from the current level at which DOGE is trading.
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.
