Shiba

2024

Cryptocurrency

Shiba Inu

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 <p class="paragraph">As the majority of assets in the cryptocurrency market sail into the new week still largely undecided about which way their <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>s could move next, machine <a rel="noopener noreferrer nofollow" title="learning" href="https://thebittimes.com/tag/learning.html">learning</a> and artificial intelligence (AI) <a rel="noopener noreferrer nofollow" title="algorithm" href="https://thebittimes.com/tag/algorithm.html">algorithm</a>s are cautiously optimistic about the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of Shiba Inu (SHIB) by the end of this month.</p>
 <p class="paragraph">Specifically, the advanced <a rel="noopener noreferrer nofollow" title="algorithm" href="https://thebittimes.com/tag/algorithm.html">algorithm</a>s deployed by the crypto and stock monitoring platform <em>CoinCodex</em><em> </em>predict a slight uptick for Shiba Inu, having set its <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> at $0.000009363 on February 29, 2024, according to the latest data retrieved by Finbold on February 5.</p>
 <figure class="wp-block-image"><img decoding="async" width="1046" height="497" src="https://cdn.thebittimes.com/images/2024/02/05/4d17de0ffcd11d07cd4049ffeee74fe3.webp" alt class="wp-image-153307" srcset="https://cdn.thebittimes.com/images/2024/02/05/4d17de0ffcd11d07cd4049ffeee74fe3.webp 1046w, https://cdn.thebittimes.com/images/2024/02/05/4d17de0ffcd11d07cd4049ffeee74fe3.webp 300w, https://cdn.thebittimes.com/images/2024/02/05/4d17de0ffcd11d07cd4049ffeee74fe3.webp 1024w, https://cdn.thebittimes.com/images/2024/02/05/4d17de0ffcd11d07cd4049ffeee74fe3.webp 768w" sizes="(max-width: 1046px) 100vw, 1046px">
  <figcaption class="wp-element-caption"><em>Shiba Inu 1-month price prediction. Source: </em><em>CoinCodex</em>
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 </figure>
 <p class="paragraph">Indeed, if the above predictions, which the machine learning algorithm arrived at on the basis of Shiba Inu’s historical price movements and other indicators, come true, they would represent a gain of 4.46% from where its price stood at the time of publication.</p>
 <h2 class="wp-block-heading" id="h-bullish-factors">Bullish factors</h2>
 <p class="paragraph">Meanwhile, the most recent data from the Shibarium ecosystem explorer <em>Shibariumscan</em> reveals that the Shiba Inu network has recently surpassed the massive milestone of 3 million blocks produced, with a new block added once every five seconds.</p>
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       <h3 class="font-bold leading-6 " id="machine-learning-algorithm-sets-shib-price-for-february-29-2024">Machine learning algorithm sets SHIB price for February 29, 2024</h3>
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 <p class="paragraph">On top of that, there are currently 1.35 million crypto wallets on the chain, in addition to Shibarium recording over 335 million transactions in total, altogether illustrating the blockchain’s impressive growth and making a bullish case for the network’s native cryptocurrency.</p>
 <figure class="wp-block-image"><img decoding="async" width="1046" height="497" src="https://cdn.thebittimes.com/images/2024/02/05/4d17de0ffcd11d07cd4049ffeee74fe3.webp" alt class="wp-image-153306" srcset="https://cdn.thebittimes.com/images/2024/02/05/4d17de0ffcd11d07cd4049ffeee74fe3.webp 1046w, https://cdn.thebittimes.com/images/2024/02/05/4d17de0ffcd11d07cd4049ffeee74fe3.webp 300w, https://cdn.thebittimes.com/images/2024/02/05/4d17de0ffcd11d07cd4049ffeee74fe3.webp 1024w, https://cdn.thebittimes.com/images/2024/02/05/4d17de0ffcd11d07cd4049ffeee74fe3.webp 768w" sizes="(max-width: 1046px) 100vw, 1046px">
  <figcaption class="wp-element-caption"><em>Shibarium network statistics. Source: </em><em>Shibariumscan</em>
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 </figure>
 <h2 class="wp-block-heading" id="h-shiba-inu-price-analysis">Shiba Inu price analysis</h2>
 <p class="paragraph">As things stand, the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of SHIB presently amounts to $0.000008963, which indicates a decrease of 0.74% in the last 24 hours, a 0.23% drop across the previous seven days, adding up to the decline of 6.47% on its monthly chart, according to the most recent data.</p>
 <figure class="wp-block-image"><img loading="lazy" decoding="async" width="1200" height="800" src="https://cdn.thebittimes.com/images/2024/02/05/c355fd5a067c14b0626853a2fc6d72ee.webp" alt class="wp-image-153309" srcset="https://cdn.thebittimes.com/images/2024/02/05/c355fd5a067c14b0626853a2fc6d72ee.webp 1200w, https://cdn.thebittimes.com/images/2024/02/05/c355fd5a067c14b0626853a2fc6d72ee.webp 300w, https://cdn.thebittimes.com/images/2024/02/05/c355fd5a067c14b0626853a2fc6d72ee.webp 1024w, https://cdn.thebittimes.com/images/2024/02/05/c355fd5a067c14b0626853a2fc6d72ee.webp 768w" sizes="(max-width: 1200px) 100vw, 1200px">
  <figcaption class="wp-element-caption"><em>Shiba Inu 30-day price chart. Source: </em><em>Finbold</em>
  </figcaption>
 </figure>
 <p class="paragraph">Elsewhere, the 7-day technical analysis (TA) sentiment gauges over at the finance and crypto sector analytics website <em>TradingView</em> are somewhat bearish about SHIB, their summary pointing at a ‘sell’ at 9, as based moving averages (MA) suggesting a ‘sell’ at 8 and oscillators in the ‘neutral’ zone at 9.</p>
 <figure class="wp-block-image"><img loading="lazy" decoding="async" width="1600" height="470" src="https://cdn.thebittimes.com/images/2024/02/05/818c42320be51e9a43e0c27b3015f733.webp" alt class="wp-image-153308" srcset="https://cdn.thebittimes.com/images/2024/02/05/818c42320be51e9a43e0c27b3015f733.webp 1600w, https://cdn.thebittimes.com/images/2024/02/05/818c42320be51e9a43e0c27b3015f733.webp 300w, https://cdn.thebittimes.com/images/2024/02/05/818c42320be51e9a43e0c27b3015f733.webp 1024w, https://cdn.thebittimes.com/images/2024/02/05/818c42320be51e9a43e0c27b3015f733.webp 768w, https://cdn.thebittimes.com/images/2024/02/05/818c42320be51e9a43e0c27b3015f733.webp 1536w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption"><em>SHIB 1-week sentiment gauges. Source: </em><em>TradingView</em>
  </figcaption>
 </figure>
 <p class="paragraph">In conclusion, Shiba Inu might, indeed, reach the price projected by the machine algorithms. However, it is important to remember that things could easily change in this industry, which is why doing one’s own research and risk analysis is essential before investing any substantial amount of money.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.&nbsp;</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/machine-learning-algorithm-sets-shiba-inu-price-for-february-29-2024-tbt78920.html">https://thebittimes.com/machine-learning-algorithm-sets-shiba-inu-price-for-february-29-2024-tbt78920.html</a></p>

Machine learning algorithm sets Shiba Inu price for February 29, 2024

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