Interesting !!

The price prediction for Shiba Inu (SHIB) by ChatGPT sees two scenarios: a bull one and a slightly bear one. While SHIB is in a pump of +203% compared to a year ago, how will the memecoin end 2024 according to the AI? 

Shiba Inu: ChatGPT sees two price scenarios for SHIB by the end of 2024

Speaking of price predictions for Shiba Inu (SHIB), yesterday the AI of ChatGPT was also consulted, which sees two possible scenarios for the memecoin by the end of 2024.

In practice, it seems that in the first bull scenario, the model predicts that the price of SHIB could rise to $0.00006656 by December 31, 2024. This represents a pump of +155% compared to its price yesterday. 

In the second bear scenario, instead, ChatGPT predicts that SHIB could drop to 0.00002576 dollars by December 31, 2024, which is only 1.26% less compared to the price of SHIB at that time.

At the time of writing, SHIB is worth $0.00002931 and is in a bull pump of +8.5% in the last 24 hours. A small price recovery that, however, is still in a bear dump of -7.40% compared to seven days ago. 

In fact, in this month of general crypto rally, SHIB reached a high of $0.00003314 on December 7. However, this high has not yet surpassed the annual high recorded by SHIB in March 2024, of $0.00003592. 

Shiba Inu (SHIB): the price predictions of ChatGPT and the latest news of the memecoin

The two possible scenarios highlighted by ChatGPT predict that within the next two and a half weeks, SHIB could increase by +155% or decrease by just 1.26%. 

A forecast that remains entirely positive even in the event that negative elements may outweigh the positive ones, creating a slight bear market. 

Yet only in this month of December, Shiba Inu has made headlines in a positive way. For example, a few days ago, its layer 2 network of Shibarium reached over 2 million registered wallet addresses.

This in turn led to recording an impressive volume of over 620 million transactions processed, showing the Shibarium solution as efficient and scalable in the blockchain landscape. 

In any case, Shiba Inu is in 13th place in the crypto rankings, with a current total market cap of over 17 billion dollars. SHIB is one step away from the 18 billion dollar market cap of Chainlink (LINK) and slightly above the 16 billion dollar market cap of Toncoin (TON). 

The proposal to establish S.H.I.B

Immediately after Trump’s victory in the 2024 presidential elections, Shiba Inu wanted to propose to Elon Musk to establish not only D.O.G.E, but also S.H.I.B.

As is now known, Musk has become head of the Department of Government Efficiency (D.O.G.E), which finds in its acronym the name of the memecoin DOGE. 

The head of the Shiba Inu development team, Shytoshi Kusama, presented his proposal to establish the Strategic Hub for Innovation and Blockchain, namely S.H.I.B, in a city in the USA. 

Specifically, the initiative aims to transform a city in the USA into a global epicenter for blockchain technology and sustainable development. 

At the moment, no one seems to have expressed interest in the proposal, but Trump will officially become the new President of the USA only from January 20, 2025.