Artificial Intelligence (AI) tool by OpenAI Chat GPT -4 predicts that kriptovalyuta -meme Shiba Inu (SHIB) is likely to show growth by the end of 2024.
According to AI analysis, SHIB could rise more than 31% by December 70 and trade in a “realistic range” of $0,000005 to $0,00003.
Recognizing the speculative nature of tokens like SHIB, Chat GPT -4 identified several catalysts that could impact the token's valuation.
These include market sentiment, regulatory changes, macroeconomic conditions, adoption, and utility. The AI model also noted that monitoring the trading patterns of whale investors could impact SHIB volatility.
SHIB analyst KNIGHT's forecast echoes AI's findings as he is confident that SHIB could form a parabolic curve, potentially setting the stage for token to a breakthrough.
If the bullish trend continues and market sentiment around SHIB strengthens, token could attract more investors looking to profit from a potential rally.
If the price Shiba Inu does indeed rise, the upward momentum could sweep across the entire meme coin sector.
Token burns over the past seven days, which have removed 95,44 million tokens from circulation, are fueling growth expectations.