Despite a positive start for many cryptocurrencies in 2024, Shiba Inu (SHIB) has not mirrored this trend and is striving to recover from past losses. ChatGPT-4 has provided insights into SHIB’s potential price for 2024 by considering historical data, technical indicators, and ecosystem growth.
Regarded as the world’s leading AI chatbot, ChatGPT has used technical indicators, ecosystem returns, and SHIB’s past price movements to generate consistent responses to queries about its future pricing.
The AI synthesized available information to offer three different price predictions for SHIB in 2024: bullish, bearish, and moderate scenarios.
In a bullish case, highlighting successful ecosystem developments and favorable market conditions, AI suggested SHIB could reach between $0.0000259 and $0.002345. Conversely, a bearish forecast due to market downturns or project development issues placed SHIB at $0.0000078.
Additionally, ChatGPT provided a moderate price estimate, suggesting an average range between $0.00000920 and $0.00001311. Depending on which prediction holds true, SHIB could trade 5% lower or 35% higher than its current value. At the time of writing, SHIB has seen a 4.12% decrease over 24 hours, trading at $0.000009584, with a 10% drop over the past week and a 3.68% decline over the last month.