The cryptocurrency market continues to fluctuate back and forth. Altcoins are showing a mixed outlook as leading crypto Bitcoin hovers around $62,000. To give an idea in this uncertain environment, we looked at artificial intelligence’s XRP and SHIB Coin price predictions for May 31.
Artificial intelligence predicts SHIB Coin price for May 31
Many assets in the cryptocurrency market are in the red. The popular meme coin Shiba Inu (SHIB Coin) is no exception. However, machine learning and artificial intelligence (AI) algorithms predict (albeit modest) price increases in the coming weeks.
Meanwhile, SHIB Coin saw a surprising rise this week, driven by the meme coin craze, with no major announcements or developments over the weekend, other than the popular token becoming one of the payment methods on CoinGate last week. However, it started to lose more altitude. According to the latest forecast from crypto analysis platform PricePredictions, the Shiba Inu may continue to advance throughout May. Artificial intelligence predicts that SHIB Coin price will reach $0.000024 by May 31. This represents a slight increase from the current SHIB coin price of $0.00002321.
SHIB Coin price analysis
Meanwhile, Shiba Inu has lost 4.5% in the last 24 hours. It also saw a 2.5% decline over the previous seven days. However, it recorded an increase of 4.63% on its monthly chart. Moreover, it has experienced a growth of 130.04% since the beginning of the year. Famous crypto analyst Ali Martinez pointed out that SHIB broke the upper boundary of a descending parallel channel at $0.00002444. According to the analyst, this means SHIB could see a “rise to $0.00002954.”
Artificial intelligence predicts XRP Coin price for May 31
cryptokoin.comAs you follow from , there is a long-running war between the SEC and Ripple. This puts pressure on the XRP Coin price. However, we are entering the final chapter of this legal battle. That’s why interest and hopes for XRP are increasing again. Indeed, there is widespread belief that the resolution of the lawsuit, which has weighed heavily on the token for years and likely prevented it from following the rest of the crypto market in a 2024 rally, has investors banking on hopes that XRP could soon rise to $0.62 and beyond.
Still, uncertainty remains at the moment as XRP struggles to hold on above $0.50. While crypto investors remain optimistic, PricePredictions’ algorithms have little good news for bulls. Indeed, the platform predicts that the upcoming trend for the token will be bearish. AI predicts that XRP will drop to $0.487329 by the end of the month. Today, XRP is trading at $0.505731. Therefore, the platform predicts a decline of 3,637% over two and a half weeks.
Crypto experts see bigger moves ahead
However, experts largely disagree with the algorithm’s prediction. The analyst, pseudonymous Dark Defender, explained that while the current situation remains challenging, price targets for the upcoming supercycle waves are high at $1.88, $5.85 and $18.22.
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