The Bitcoin halving coming in April 2024 is expected to impact the crypto industry significantly. The halving event has always been significant for the crypto market, bringing massive surges for Bitcoin and taking the market to new heights.
Anticipation of this event has already started fueling bull runs around the market, and these could kick into high gear next year as we approach the most anticipated event.
Shiba Inu (SHIB) has enjoyed the surge brought by this excitement. The dog-themed token is currently trading at $0.000009767, down relatively 4% in 24 hours, and up 18% in the past week, according to CoinMarketCap. In light of this, we’ve asked Google Bard, Google’s AI Chatbot, how SHIB will react to the Bitcoin halving event.
Google Bard’s Opinion on Shiba Inu (SHIB) Future
Bard began by discussing the Bitcoin halving. Bard wrote, “Historically, Bitcoin halvings have triggered bullish trends in the broader crypto market, including meme coins like SHIB.”
According to Bard, these surges come because of increased demand for Bitcoin leading to a spillover effect on other cryptocurrencies. Bard also highlights scarcity-driven price appreciation due to reduced supply.
The AI chatbot also points out that the magnitude of the impact on SHIB depends on multiple factors, including overall market sentiment, investor confidence, the performance of other major cryptocurrencies, and the success of SHIB’s projects and developments.
Shiba Inu (SHIB) Price Prediction
With a recent prediction of a 380% surge for SHIB, Bard shares this belief that Shiba Inu (SHIB) is on its way up. Bard provides three predictions for SHIB.
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