AI Predictions Regarding Shiba Inu Prices
Shiba Inu (SHIB) continues to struggle to pass the US$ 0.000008 price point. Despite undergoing a significant update in 2023, the value of this popular asset has been declining since February. However, popular artificial intelligence (AI) chatbot ChatGPT has a new prediction on how and when SHIB could reach a price of US$ 0.9.
According to ChatGPT, there are several events that could trigger a short-term surge for this meme cryptocurrency. It was explained that Shiba Inu needed a “sudden massive surge in positive sentiment, new partnerships, and increased adoption”.
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Interestingly ChatGPT also has a schedule for when SHIB can reach this price point. ChatGPT highlights that this meme coin could experience a surge in the next 6 to 12 months.
Talking about the price spike, a SHIB influencer named “Lucie” recently invited users to store their digital assets on Shibarium rather than on the exchange. Lucie said that people should not ask when Shibarium will start burning, but rather migrate from the exchange to the project's layer-2 network.
Lucie has reminded the community that burning occurs based on each transaction made. Therefore, the more people use Shibarium, the more SHIB tokens will be withdrawn from circulation.
Additionally, according to some rumors, the Shiba Inu (SHIB) team is working on a new burning mechanism that could burn trillions of SHIB tokens from circulation every year. However, there is no information about the launch date of the burning mechanism.
