ChatGPT made a detailed forecast for the price of SHIB at the end of 2024

At some point in 2024, meme coins were at the top of the cryptocurrency sector, occupying almost the entire top ten ranking. During this period, several older tokens reached new all-time highs (ATHs) or at least came very close to their old peaks.

New meme coins also showed exceptionally powerful dynamics, giving rise to new stories in the “rags to riches overnight” style, however, failures and classic fraud also took place.

While meme coins have become even more popular and relatively strong in May, few have gained as much attention as one of the most famous cryptocurrencies, Shiba Inu (SHIB).

SHIB price chart since the beginning of the year. Source: CoinGecko

That's why OpenAI's updated version of artificial intelligence (AI), ChatGPT-4o, was asked to determine what dynamics SHIB could show throughout 2024.

ChatGPT Sets SHIB Price for End of 2024 After analyzing Shiba Inu's recent performance and the current environment of its ecosystem, ChatGPT developed a hypothetical scenario largely dependent on factors that are generally considered positive for any cryptocurrency and set a price target for the meme token for end of 2024 of the year.

According to AI, if SHIB finds new use cases and benefits from the technological development of both the project itself and the Ethereum blockchain as a whole, it could reach $0.000035 by the end of 2024. Source: ChatGPT

ChatGPT's Optimistic Case for SHIB ChatGPT also assumes that the factors outlined in the base case could have a significantly greater impact, especially if the crypto community becomes active on social media, thereby promoting Shiba Inu.

Taking these circumstances into account, according to artificial intelligence calculations, by the end of 2024 the price of SHIB could reach $0.000080.