Google's artificial intelligence, Gemini, projected three diverse scenarios for the end of 2024 on Shiba Inu.
The most bullish context suggests that $SHIB would experience a notable increase leading it to reach new all-time highs. The set price is $0.0002, which would indicate a profit of approximately 410%.
A more moderate outlook holds that memecoin would trade at $0.0001, which would mean a potential upside of 155%. This also depends on whether or not the overall market sentiment is bullish.
And the third projection, the most bearish, revealed that #SHIBA✅🚀 could rise to $0.00005. This would mark the current price practically doubling.
Its appeal lies in planned expansions to the blockchain such as ShibaSwap, Shiba's own decentralized cryptocurrency exchange, and its own metaverse called SHIB.
The market consensus drops one notch and drops to a buy recommendation with $0.000023 for 2024 and $0.000037 for 2026.
Cardano has had a clean development since its launch. Although it has gone through a bearish scenario, 2024 looks promising with a strong buying consensus and forecasts of $1.44 for this year and $2.38 for 2026.
Medium and long-term resistance is at $0.799. Meanwhile, Ei indicators appear practically bullish.
What will be the price of#SHIBA_INUat the end of the year 2024?
In 2021, the price of the pair #SHIB/𝗨𝗦𝗗𝗧 rose from the low to the high of the year more than 150 times, but then suffered a sharp correction. However, many investors believed in the coin and wondered if the growth of #SHIBA_INU (Shiba) will resume by the following year 2022. Is it realistic to expect its price to reach the predicted highs of the year 2024? To answer this question, we have compiled the opinions of authorized centers with experience on the subject.
According to CryptoPotato, Bitcoin (BTC) has reached a new peak of $70,000, but faces volatility due to expectations of additional growth due to the upcoming halving event. On the other hand, Shiba Inu (SHIB) has seen a 240% price increase, highlighting the rapid growth of the memecoin sector, although also its volatility. Además, Ripple (XRP) está al borde de un hito de adopción, con analistas que predicen un posible aumento en su precio.
Based on the latest information and market trends. Here is a summary of the current situation: #solana has seen a significant increase of 34.5% in one week1.#Bitcoin (BTC) has maintained a price above USD 62,000, with expectations of reaching new all-time highs.#Ethereum (ETH) had a drop to USD 3,180, possibly due to excessive leverage in the market. In this context, investors could consider several strategies:
#SHIBA_INU (SHIB), like many cryptocurrencies, is influenced by a combination of technical, social and psychological factors. Here I delve into its influence on investors and the so-called “whales”:
1. FOMO (Fear of Missing Out):
SHIB has gained popularity on social media and has become a FOMO phenomenon. Investors fear missing out on the quick gains that others seem to be making.
The idea that SHIB could be the next Dogecoin (which also started as a joke) has attracted many investors.
2. Community and Memes:
The SHIB community is active on platforms such as Reddit, Twitter, and Telegram. Memes and viral messages have contributed to its growth.
Investors feel part of something bigger, which increases their commitment to the currency.
3. Influence of Whales:
The “whales” are investors with large amounts of SHIB. Their movements can significantly affect the price.
If a whale sells a large amount of SHIB, it can cause a drop in price. On the other hand, if they accumulate more, it can drive an increase.
4. Elon Musk Effect:
Elon Musk's tweets and comments about SHIB have had a direct impact on its price. For example, when Musk changed his Twitter bio to “Ex-CEO of Dogecoin,” the price of SHIB rose.
The influence of public figures like Musk is an important factor in investment decisions.
5. Extreme Volatility:
SHIB is highly volatile. Investors can gain a lot or lose it all in a short time.
Volatility attracts some investors looking for quick profit opportunities, but it can also scare away others.
6. ShibaSwap and New Developments:
The upcoming ShibaSwap, a decentralized exchange, could be a game-changer for SHIB.
Investors are keeping an eye on developments and announcements related to ShibaSwap.
#shiba Market sentiment for Shiba Inu is predominantly bullish, with 84% positive views versus 16% negative views. The Fear and Greed Index is at 80, indicating Extreme Greed. This index suggests that investors could be acting too optimistic, which can sometimes precede a correction in price. Shiba Inu's volatility over the last 30 days has been 11.13%, with 22 green days out of the last 30, which is 73%. This indicates a generally positive trend, but also suggests that we could expect significant fluctuations in the short term.