Shiba

2024

Shiba Inu

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 <p class="paragraph">As the majority of assets in the cryptocurrency sector are still in a bullish mode, the famous dog-themed meme token Shiba Inu (SHIB) is no different, and machine learning and artificial intelligence (AI) algorithms predict more advances for the ‘Dogecoin (DOGE) killer’ in the near future.</p>
 <p class="paragraph">Specifically, the advanced price projecting algorithm over at the crypto analytics and forecasting platform <em>PricePredictions </em>sees the price of Shiba Inu as further increasing, setting it to reach $0.000043 by March 31, 2024, as per the most recent data retrieved on March 5.</p>
 <figure class="wp-block-image"><img decoding="async" width="871" height="625" src="https://cdn.thebittimes.com/images/2024/03/05/cb757a5864324e7c71ee1f010dbbd9c0.webp" alt class="wp-image-158763" srcset="https://cdn.thebittimes.com/images/2024/03/05/cb757a5864324e7c71ee1f010dbbd9c0.webp 871w, https://cdn.thebittimes.com/images/2024/03/05/cb757a5864324e7c71ee1f010dbbd9c0.webp 300w, https://cdn.thebittimes.com/images/2024/03/05/cb757a5864324e7c71ee1f010dbbd9c0.webp 768w" sizes="(max-width: 871px) 100vw, 871px">
  <figcaption class="wp-element-caption"><em>SHIB 1-month price forecast. Source: </em><em>PricePredictions</em>
  </figcaption>
 </figure>
 <p class="paragraph">Indeed, if the <a rel="noopener noreferrer nofollow" title="algorithm" href="https://thebittimes.com/tag/algorithm.html">algorithm</a>, which uses indicators like the Bollinger Bands (BB), average true range (ATR), relative strength index (RSI), moving average convergence divergence (MACD), and more, is correct, it would mean an 11.54% increase in the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of SHIB from its current amount.</p>
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   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
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 <h2 class="wp-block-heading" id="h-shiba-inu-<a rel=" dofollow title="price" href="https://thebittimes.com/tag/price.html" rel="noopener noreferrer nofollow">price-<a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>"&gt;Shiba Inu <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a></h2>
 <p class="paragraph">As it happens, Shiba Inu has achieved impressive results in the past weeks, having approached very close to its main competitor, Dogecoin, in terms of its market capitalization, and is now ranking as the tenth-largest asset in the crypto sphere by this indicator, giving fuel to the ‘DOGE killer’ narrative.</p>
 <p class="paragraph">At press time, it was trading at the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of $0.0000385525, which suggests a 42.59% gain in the last 24 hours, as well as a massive increase of 272.55% over the previous seven days while also racing 327.34% in the past month, according to the latest chart data on March 5.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="761" height="551" src="https://cdn.thebittimes.com/images/2024/03/05/aa577660fda01774e85dcc24f8adadb4.webp" alt class="wp-image-158766" srcset="https://cdn.thebittimes.com/images/2024/03/05/aa577660fda01774e85dcc24f8adadb4.webp 761w, https://cdn.thebittimes.com/images/2024/03/05/aa577660fda01774e85dcc24f8adadb4.webp 300w" sizes="(max-width: 761px) 100vw, 761px">
  <figcaption class="wp-element-caption"><em>Shiba Inu 30-day price chart. Source: </em><em>Finbold</em>
  </figcaption>
 </figure>
 <p class="paragraph">Meanwhile, the sentiment around Shiba Inu on its technical analysis (TA) gauges is also exceptionally bullish, rating it as a ‘strong buy’ on both 1-week and 1-month gauges, the former based on oscillators in the ‘buy’ zone at 3 and moving averages (MA) pointing at a ‘strong buy’ at 12.</p>
 <figure class="wp-block-image"><img loading="lazy" decoding="async" width="1600" height="483" src="https://cdn.thebittimes.com/images/2024/03/05/3d7624b43825f6955060ad2bf8989979.webp" alt class="wp-image-158764" srcset="https://cdn.thebittimes.com/images/2024/03/05/3d7624b43825f6955060ad2bf8989979.webp 1600w, https://cdn.thebittimes.com/images/2024/03/05/3d7624b43825f6955060ad2bf8989979.webp 300w, https://cdn.thebittimes.com/images/2024/03/05/3d7624b43825f6955060ad2bf8989979.webp 1024w, https://cdn.thebittimes.com/images/2024/03/05/3d7624b43825f6955060ad2bf8989979.webp 768w, https://cdn.thebittimes.com/images/2024/03/05/3d7624b43825f6955060ad2bf8989979.webp 1536w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption"><em>SHIB 1-week sentiment gauges. </em><em>TradingView</em>
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 </figure>
 <p class="paragraph">In conclusion, SHIB could, indeed, meet the machine algorithm’s expectations of its price, and the uptick in its burning rate, combined with the layer 2 blockchain Shibarium, which has recently surpassed the 3.5 million milestone in the number of total blocks, could contribute to its success in doing so.</p>
 <p class="paragraph">However, it is important to keep in mind that things in this sector might change on a whim, which is why it is essential to follow the relevant developments, carry out one’s own research, and carefully weigh all the risks before investing a significant amount of money into any asset.</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.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/machine-learning-algorithm-predicts-shib-price-on-march-31-2024-tbt81627.html">https://thebittimes.com/machine-learning-algorithm-predicts-shib-price-on-march-31-2024-tbt81627.html</a></p>

Machine learning algorithm predicts SHIB price on March 31, 2024

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