August 22, 2023
By Anjali Kochhar
The generative AI market continues to impress, with Google Bard emerging as a standout player, utilising its capabilities to analyse cryptocurrencies like Shiba Inu (SHIB). Amid the prevailing sideways trend in the crypto market, Bard’s insights into SHIB’s potential future price during the next bull market have garnered attention.
Forecasting SHIB’s price in the upcoming bull market is no easy task, as noted by Google Bard. However, several influential factors are anticipated to impact its value. Notably, the development of the Shiba Inu ecosystem, particularly the introduction of the Shibarium layer 2 solution, holds significant potential. Additionally, the adoption of SHIB as a payment method by businesses and consumers could boost demand, while the overall crypto market’s performance, especially bullish sentiment, is expected to reflect on SHIB.
Considering these factors, Bard has outlined a range of potential price predictions for SHIB. Some experts suggest that the price could reach $0.00001 or even $0.0001 in the next bull market. Notable crypto news sources have also weighed in with their forecasts. AMBCrypto projects an average October 2023 price of $0.0000081 (15% decrease from current levels), with a maximum of $0.0000087 (9% decline). Conversely, CoinPedia is optimistic, envisioning a potential $0.0000112 (16.35% increase) or even a high of $0.0000259 (169% gain) during the bull market.
In contrast, crypto exchange Changelly offers a more bearish perspective. Its minimum price projection is set at $0.0000079192 (down 17.74%), with a maximum of $0.0000092891 (3.51% decrease) by the close of 2023.
As of now, SHIB is trading at approximately $0.0000096274, experiencing a 6.05% daily decline, a 2.53% loss over the past week, yet retaining a 23.05% increase compared to the past 30 days, according to data retrieved on August 16.
While these forecasts provide insights into potential future prices of SHIB, it’s essential to acknowledge that investing in the cryptocurrency market carries inherent risks. Google Bard’s compilation of predictions is a valuable resource, but investing decisions should be made with careful consideration and thorough research. Investors are reminded that investment outcomes are speculative, and capital is always at risk.
About the author
Anjali Kochhar covers cryptocurrency stories in India as well as globally. Having been in the field of media and journalism for over three years now, she has developed a sharp news sense and works hard to present information that goes beyond the obvious. She is an avid reader and loves writing on a wide range of subjects.