We asked ChatGPT at what levels the Shiba Inu (SHIB) price will trade in 2030. Here are the predictions of the text-based artificial intelligence (AI) platform…
2030 Shiba Inu (SHIB) price forecast from ChatGPT
The emergence of ChatGPT is revolutionizing different industries such as helping investors and traders analyze markets with tasks such as identifying possible crypto price predictions. While the tool’s knowledge of current events in the crypto space is limited, it can give you an idea of what to expect.
We specifically asked ChatGPT to provide a price estimate for the Shiba Inu (SHIB) in 2030. Indeed, the tool noted that it is difficult to offer an exact price for SHIB based on crypto market volatility.
But the AI tool points out that the overall crypto market outlook and network development can determine the price of SHIB. The text prepared by ChatGPT is as follows:
It’s impossible to predict the price of SHIB in 2030 with any degree of accuracy. The price of SHIB will depend on several factors, including the performance of the cryptocurrency market, the development of the SHIB project, and the overall economic environment. The cryptocurrency market is highly volatile and unpredictable, and all predictions about the future price of SHIB are purely speculative.
PricePredictions’ AI tool awaits these levels
While ChatGPT does not provide a clear price prediction due to high volatility, PricePredictions’ AI tool provides a clear price prediction by analyzing various indicators. According to the tool leveraging the machine learning algorithm, SHIB will experience a price correction to trade at $0.000012 on February 28.
It’s worth noting that the projection offered by ChatGPT is in line with SHIB proponents who believe the meme token will recover, further development is needed on the network for the project to deliver more benefits. The Shiba Inu in particular, since its inception and rise, has been criticized for its lack of utility. For this, the SHIB team has been working on different applications in the fields of NFT, metaverse and DEX since last year.
In this regard, Shiba Inu developers have listed various initiatives such as increasing their token burn to improve the SHIB price. At the same time, the community is preparing for a layer 2 protocol called Shibarium. cryptocoin.com We have included the latest developments from Shibarium in this article.
According to the developers, Shibarium will reportedly minimize costs and increase transaction speeds. However, the launch date for the upgrade remains unclear.
Shiba Inu price analysis
SHIB has been among the leaders in crypto market earnings for 2023 overall; however, the token’s momentum seems to have been overridden by the general slowdown in market sentiment. At the time of writing, SHIB is trading at $0.00001225, losing over 6% in the last 24 hours.
At the same time, Shiba’s one-day technical analysis on TradingView was showing mixed signals. A summary of the indicators and oscillators gives results 9 and 8, respectively, which align with the neutrality measurement. The moving averages were giving a ‘buy’ signal at 8.
As a result, Shiba’s downtrend line comes after technical indicators show positive signs of gain. Also, there is a possible bullish pennant exit with Shiba positioned to target $0.017.
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