As 2023 draws to a close, the crypto market is already turning its attention to the upcoming Bitcoin halving event expected in April 2024, which historically has triggered bull runs for both Bitcoin and altcoins. Despite the event being months away, positive sentiment is already building up for many cryptocurrencies.
At the time of writing, SHIB Coin was trading well above the critical level of $0.000010. After a disastrous 2022, SHIB has hosted price increases of 34.7% and 34.5% in the past month, with the past week’s maximum and minimum prices being $0.00001165 and $0.00000972 respectively.
The information and recent price movements suggest that SHIB’s price could rise, but the question remains: what will be the price of SHIB in the long term, especially after the Bitcoin halving?
The Bitcoin halving is expected to impact all cryptocurrencies, possibly indicating a rally for SHIB. However, there seems to be no realistic potential price target for the meme coin in the market, possibly due to the event being about four months away.
While artificial intelligence continues to search for answers, market analysts like Talegaon have not shied away from making predictions. Talegaon suggests that if SHIB maintains its current price movement, it could reach an all-time high. Their 2024 SHIB price forecast predicts maximum and minimum levels of $0.0000571 and $0.0000221, with an average price around $0.0000367.
Talegaon’s price expectations are speculative, and the market’s volatility and unpredictability should not be forgotten. Google’s AI Bard also provided predictions for SHIB’s future price, offering optimistic, normal, and pessimistic scenarios. In a pessimistic scenario, Bard predicts SHIB could reach $0.00004, while a moderate scenario could see prices between $0.00008 and $0.00012. In an optimistic outcome, prices could soar to between $0.00015 and $0.0002.