In the ever-evolving world of cryptocurrency, speculation and anticipation run high as the crypto community braces for the upcoming Bitcoin halving in April. Among the digital assets in the spotlight is Shiba Inu (SHIB), whose ardent community, the SHIB army, is buzzing with predictions regarding the coin’s performance post-halving.
The real news, yet, lies in Google Bard’s intriguing predictions for SHIB’s future value based on the assumption that Bitcoin hits the $200,000 mark after the halving event. With the precision of a digital oracle, Bard, Google’s AI-powered Large Language Model, delves into the intricate dynamics between Bitcoin and SHIB, shedding light on potential scenarios.
Bitcoin’s influence on Shiba Inu (SHIB) price
let’s explore Bard’s analysis of the correlation between Bitcoin and SHIB prices. The AI acknowledges the inherent difficulty in predicting the future value of any cryptocurrency, including SHIB. This challenge arises due to a myriad of factors, such as market sentiment, adoption rates, and unforeseen news events. Despite this complexity, Bard emphasizes a historically observed positive correlation between Bitcoin and SHIB.
According to Bard’s analysis, there exists a historical trend indicating that as Bitcoin experiences a rise in price, there tends to be a corresponding increase in SHIB’s value, and conversely, when Bitcoin’s price decreases, SHIB’s price tends to follow suit. The strength of this correlation fluctuates over time but remains a significant factor in predicting SHIB’s future value.
Two scenarios unveiled by Bard
Bard intricately unfolds a narrative encompassing two divergent scenarios delving into the potential valuation of SHIB, contingent upon Bitcoin achieving the anticipated $200,000 milestone post-halving.
Within the realm of Scenario 1, characterized by a robust and unwavering positive correlation linking Bitcoin and SHIB, Bard ventures into the realm of speculation, postulating that SHIB could ascend to the lofty summit of $0.00004386. This intricate calculation involves the meticulous multiplication of SHIB’s prevailing market price by the quotient derived from the post-halving price of Bitcoin divided by its existing market value.
Conversely, as the narrative gracefully pivots towards Scenario 2, where the interdependence between Bitcoin and SHIB exhibits a diminished strength, Bard adopts a stance characterized by prudence, offering a more restrained estimation.
Within this alternate reality, the projected pinnacle of SHIB’s price is set at a more modest $0.00001357. Despite the discernible incongruity between the two scenarios, a common thread emerges—the undeniable prospect of a surge in SHIB’s valuation, propelling it beyond the confines of its present worth.
The path ahead for Shiba Inu (SHIB)
As the narrative navigates through the intricacies of Bard’s predictions, it’s crucial to acknowledge the current state of SHIB. The beloved meme coin is currently trading at $0.000009608, having recently dipped below the $0.00001 mark. The drop was attributed to rumors surrounding the SEC’s purported denial of all applications for spot Bitcoin ETFs.
Yet, Bard’s foresight provides a silver lining for SHIB holders. The AI predicts a not-so-distant future where SHIB benefits from the rewards of the Bitcoin halving, potentially reaching new heights.
do you think the approaching Bitcoin halving and a potential upswing in value might position Shiba Inu (SHIB) for a substantial breakthrough?
Source: https://www.cryptopolitan.com/google-bards-predictive-shiba-inu/