Shiba Inu Its price managed to rise last weekend along with the cryptocurrency market. The popular meme coin managed to cross the $0.000007 level and managed to hold on there. However, AI (Artificial Intelligence) platforms have made predictions regarding the price of the dog-themed crypto for October 31, 2023.
According to PricePredictions machine learning algorithm, SHIB will reach $0.000007352 on October 31, 2023. This increase represents a growth of approximately 1.38% from current price levels. Moreover, the platform predicts a bullish outlook for memecoin until at least November 23, 2023.
According to Changelly, Shiba Inu will reach its price of $0.000006667 on October 31, 2023. This price represents a decline of approximately 8% from current levels.
On the other hand, CoinCodex predicts that SHIB will reach a price of $0.000006719 on October 31, 2023. This change represents a decrease of approximately 7.32% from current levels. However, CoinCodex expects SHIB to gain some momentum in November.
Koinfinans.com As we reported, the current market continues to follow Bitcoin. There are many bullish developments around the original cryptocurrency that could continue its rally. First, a spot BTC ETF (Exchange Traded Fund) may soon see the light of day in the US. Some of the world’s most important asset managers, such as BlackRock and VanEck, have filed applications with the SEC (Securities and Exchange Commission) for the investment product.
Secondly, BTC is approaching its next halving cycle, which will occur in April 2024. The halving event is generally a bullish development because it reduces supply.
Both events together could trigger another BTC bull run very soon. With BTC rising, other tokens like Shiba Inu (SHIB) may follow suit.