Shiba

2024

Cryptocurrency

Shiba Inu

<div class="finbold">
 <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>
  </figcaption>
 </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>
 <div class="not-prose relative overflow-auto scrollbar-hide mb-8 mt-8">
  <div class="relative w-full flex gap-6 snap-x snap-mandatory overflow-x-auto">
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/02/05/7ce4f70b8997dd13a62c6e3e7336e768.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="4-cryptocurrencies-under-0-10-to-buy-next-week">4 cryptocurrencies under $0.10 to buy next week</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/02/05/0167f98833be41167be7f923457558a7.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <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>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/02/05/0fc294e88fc9db8ff020ddc37dfe4d07.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="machine-learning-algorithm-predicts-solana-price-for-february-29-2024">Machine learning algorithm predicts Solana price for February 29, 2024</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/02/05/31a3033572bf1ae1263deca11a3eed06.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="machine-learning-algorithm-predicts-xrp-price-for-february-29-2024">Machine learning algorithm predicts XRP price for February 29, 2024</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/02/05/346de6d736049155ab639f5dcb29e5c0.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="remarkably-precise-indicator-hints-at-huge-shib-surge">‘Remarkably precise’ indicator hints at huge SHIB surge</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <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>
  </figcaption>
 </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>
 <p class="paragraph"></p>
</div>
<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

Table of Contents

TheBitTimes

Other articles published on Feb 5, 2024

Crypto Analyst Bullish on Ripple, Shiba Inu To Complete All Projects By 2024/2025, Pullix Begins ...

US Government Officials Publish a Report on Cryptocurrency Mining and Electricity Consumption

Bitcoin, Ripple, and Solana: Market Dynamics and Price Analysis

Jupiter Exchange Allocates 75% of Fees to Fund DAO Operations

Jupiter’s Native Token JUP Experiences Price Movement

US Government Announces New Probe Into Crypto Mining Operations In The US

Join our free newsletter for daily crypto updates!