Shiba Inu is gaining momentum as well, with Bitcoin’s post-retest rally from $65,000 leading the bullish resurgence of the cryptocurrency market. Shiba Inu’s bull run is gaining momentum. It has seen a 221% increase in the last month, and an astounding 191.5% over the course of the year.
SHIB’s price is predicted to rise beyond $0.001, with the general market feeling supporting the idea of a huge increase in value. Shiba Inus are excited about this outlook and eagerly await the future price of the meme coin.
Shiba Inus price action
SHIB prices rose sharply in this month’s market, peaking at $0.00004567. However, they then experienced a slight drop. Shiba Inu has still been able to achieve a 220% return on a monthly basis, despite the recent pullback. Its current price is $0.00003086.
The Fibonacci levels also suggest that a bull run may reach the psychological level of $0.00010. Investors and traders are closely monitoring Shiba’s price movement to reach this ambitious goal.
ChatGPT SHIB price prediction: aiming for 10 cents
The latest ChatGPT was used to get a comprehensive, optimistic view of Shiba’s price prospects over the long term. AI took into consideration a number of variables, including the Bitcoin halving coming up, as well as broader market trend and relevant factors.
ChatGPT’s analysis of the Shiba Inu price trend chart showed that it could be $0.0010427 for the meme coin in 2024. The Fibonacci level was used as the basis. next Price targets. But the AI model extended its assessment beyond that initial goal, indicating a possible milestone of Shiba Inu at 10 cents by 2025.
It is important for investors to be cautious when approaching the cryptocurrency market, even with the positive predictions and current bullish trend. Crypto space is notorious for its volatile and unpredictable nature. Meme coins are particularly susceptible to price changes driven by hype and market sentiment.
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Source: watcher.guru
