Shiba Inu, or SHIB for short, dropped to number 12 in the ranking after suffering a weekly chart correction of 7.2%. The asset has risen by 1.5% on the daily charts and 206.3% on the 14-day chart. It is also up nearly 255% from the previous month. SHIB’s price is up over 204% from March 2023.
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Also Read: Shiba Inu: Monthly $100 Since 2020 Turns Into $827 Million in 2024
SHIB’s recent rally made most holders profitable. According to IntoTheBlock 69% SHIB holders currently have a positive balance, while 17% of them are in losses. In the meantime, 14% of holders make money.
ChatGPT forecasts Shiba’s journey at $0.0005
![shiba inu space eclipse moon](https://fxruhanahmed.com/2/wp-content/uploads/2024/03/1710252606_919_Monthly-100-Since-2020-Turns-Into-827-Million-in-2024.jpg)
![shiba inu space eclipse moon](https://fxruhanahmed.com/2/wp-content/uploads/2024/03/1710252606_919_Monthly-100-Since-2020-Turns-Into-827-Million-in-2024.jpg)
ChatGPT from OpenAI predicts a 25% probability that SHIB’s value will reach $0.000519 around nine years later, in May 2033. A growth of 1522% would result from reaching $0.000519 at current levels.
ChangellyShiba Inu is predicted to reach a value of $0.0005 by 2030. The maximum forecast price for this year was $0.0005109489. Telegaon SHIB is predicted to reach a price maximum of $0.000588 in 2029.
Also Read: Shiba Inu (SHIB) Predicted to Rally 251% and Hit $0.0001
Google’s Gemini AI says SHIB will reach $0.0005 by a couple of months or a year. The bullish crypto market is the reason for this prediction. In normal circumstances, this asset would take years to achieve the $0.0005 mark. However, the AI platform notes that hitting $0.0005 is ‘Highly unlikely under all possible circumstances.‘
Shiba Inu (SHIB), with its massive supply, is one of the biggest obstacles. The team may be able to boost prices if they can decrease the supply of the asset. SHIB is working on an alleged new burning mechanism that will supposedly burn trillions in tokens annually. The team has not yet announced a date for the launch of the new mechanism.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: watcher.guru