While Shiba Inu battles with five leading zeros, prominent entities like ChatGPT, Changelly, and Google Bard have outlined timelines foreseeing Shiba Inu (SHIB) reaching price targets such as $0.0005 and $0.01.
Shiba Inu has not been immune to the prevailing bloodbath in the crypto market, despite exhibiting remarkable resilience.
At its current trading price of $0.000008868, Shiba Inu has experienced a 6.85% decline from its peak of $0.00000952 on January 17.
Meanwhile, higher-ranking tokens, including Solana (SOL) and Avalanche (AVAX), have recorded a substantial 15% drop during the same period.
Moreover, Shiba has entered a bullish trend in the last 24 hours, gaining 2.85%. Despite its resilience, Shiba Inu is yet to reclaim the psychological threshold of $0.00001 lost to bearish sentiment two weeks ago.
In parallel, enthusiasts of Shiba Inu are holding out hope for more ambitious price targets, including $0.0005 and $0.01.
In seeking insights on such outlooks, The Crypto Basic consulted a research report from crypto exchange Changelly and AI-based tools Google Bard and ChatGPT.
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AI Chatbots Weigh in on Shiba Inu Rally to $0.0005 and $0.01
According to ChatGPT, Shiba Inu might achieve the $0.0005 price level by 2025. However, in the case of reaching $0.01, ChatGPT suggested that Shiba Inu could potentially achieve the $0.01 price mark within the next three to five years.
ChatGPT envisions this happening due to anticipated widespread adoption. Also, it cited potential technological advancements and heightened investor confidence in Shiba Inu. The AI model asserts that these factors collectively contribute to the projected price increase expected in the coming years.
When posed with a similar question, Google Bard emphasized the difficulty in projecting specific timelines for volatile assets like Shiba Inu. Instead of a definite timeframe, Google Bard presented three possible date ranges for SHIB to reach $0.0005.
In the bullish scenario, Google AI predicts that SHIB could achieve the $0.0005 milestone between 2025 and 2026. This optimistic outlook is contingent upon the success of Shibarium and significant growth within the Shiba Inu ecosystem.
For the neutral case, Google Bard envisions the asset reaching $0.0005 within a broader timeframe spanning 2027 to 2030.
Meanwhile, in the bearish scenario, Google Bard believes that SHIB may reach $0.0005 beyond 2030, contingent on the condition that the overall crypto market remains stagnant.
The AI argued that achieving a $0.0005 valuation for SHIB in this prolonged scenario becomes increasingly unrealistic.
For the $0.01 price target, Google’s experimental AI first dismissed the prediction as inconceivable in human lifetime. When pressed to provide a specific year, Bard reluctantly mentioned 2100, essentially 76 years away.
Meanwhile, the chatbot clarified that no informed analysis backed the 2100 projection. Instead, it represented the farthest feasible timeframe it could suggest, considering the perceived impracticality of reaching the $0.01 goal.
Changelly’s Outlook for Shiba Inu Hitting $0.0005 and $0.01
According to the research team at Changelly, the overall sentiment surrounding Shiba Inu remains bearish. This is despite the asset achieving a 50% win rate over the past 30 days.
Nonetheless, the Changelly team disclosed that Shiba Inu may fail to reach the $0.0005 price target until 2033. Their projection suggests a maximum price of $0.0004819 for Shiba Inu in 2033, which closely aligns with the desired $0.0005 threshold.
In contrast, the research team at Changelly only sees Shiba Inu reaching the $0.01 target by 2050. They project that, at this time, the token may achieve a minimum price of $0.0120.
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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Source: https://thecryptobasic.com/2024/01/25/here-is-the-projected-timeline-for-shiba-inu-to-hit-0-0005-and-0-01/?utm_source=rss&utm_medium=rss&utm_campaign=here-is-the-projected-timeline-for-shiba-inu-to-hit-0-0005-and-0-01