Shiba InuAlthough it has been struggling steadily in the $0.00001 region over the past year, it has shown optimism that its price could see an increase in the near future. The community weighs in on predictions that it could rise to $0.001 and $0.01.
As these predictions increased, different analytical platforms began offering possible timelines for the Shiba Inu to reach ambitious price targets. For example, Changelly predicts that SHIB could only reach $0.001 between 2033 and 2040.
Google’s Gemini chatbot (formerly Google Bard) states that such a price for a Shiba Inu is almost impossible. But he projects an achievable timeline of ten to twenty years (2034 to 2044). Telegaon also predicts that SHIB will reach $0.001 in 2035. The asset was trading at $0.00000977 at the time.
The Shiba Inu has gained much higher value than expected, increasing by 259% since these projected timelines were made. Notably, Changelly expected the Shiba Inu to only register a maximum price of $0.00001499 this year. The asset’s current price of $0.00003510 is 134% higher than that.
SHIB has also formed a bull flag, indicating an uptrend that may restart in the near future. Amid these bullish expectations, Changelly and Google Bard have updated their outlooks on Shiba Inu, predicting that the asset will hit targets sooner.
Shiba Inu Exceeds Expectations
According to an updated report, analysts at Changelly now expect the Shiba Inu to reach the $0.001 mark in 2032 and are predicting a minimum price of $0.001098 for this year. In last month’s report, these analysts had predicted that SHIB would only see a minimum price of $0.0002819 in 2032.
They also expect the Shiba Inu to hit the ambitious $0.01 target between 2033 and 2040, and predict a maximum price of $0.0385 in 2040. Notably, in last month’s report, analysts predicted the price would reach $0.01 in 2050, a decade from 2040.
As reported by Koinfinans.com, we questioned Google Bard based on the latest market developments. The AI chatbot also revised its previous prediction. Based on varying monthly growth rates, Bard presented three scenarios for SHIB to rise 2.749% to $0.001.
In the first scenario, the AI predicted that SHIB would increase by 917% every month. If this happens, the Shiba Inu could rise to $0.001 in just three months. However, Bard also presents a scenario in which it will increase by 459% every month, reaching a price of $0.001 within six months.
AI’s least bullish scenario puts 12 months between the $0.001 price and predicts a 230% increase each month. Recall that SHIB was up 281% last month, exceeding its 230% monthly growth rate.
SHIB’s explosive surge comes on the back of the latest meme coin market run that sent multiple meme coins to record highs. The asset is currently trading at $0.00003510, looking to reclaim the $0.00004 level. SHIB will need to continue its rise to reach the $0.001 and $0.01 regions.
Source : The Crypto Basic