Shiba

2024

Shiba Inu

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 <p class="paragraph">With the majority of assets in the cryptocurrency market slowing down their previous gains or even starting to reverse them, Shiba Inu (SHIB) is no exception, but artificial intelligence (AI) remains optimistic regarding the future price of the token based on popular doge meme.</p>
 <p class="paragraph">As it happens, the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of Shiba Inu has been in the red for the past day, having lost over 5% to its value in just 24 hours. However, it has been recording continuous gains this year, climbing nearly 150% since the year’s turn in a demonstration of its strength and potential for the future.</p>
 <h2 class="wp-block-heading" id="h-shiba-inu-price-prediction-2024">Shiba Inu price prediction 2024</h2>
 <p class="paragraph">Notably, by combining the leading AI models and comprehensive analytics data offered by PrimeXBT, a prominent crypto trading platform that relies on critical technical analysis (TA) indicators, Finbold was able to arrive at a potential price range for Shiba Inu by the end of this year.&nbsp;</p>
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    </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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 <p class="paragraph">Specifically, OpenAI invention ChatGPT-4o suggests moderate growth to <strong>$0.00003 – $0.00005 </strong>by December 2024, based on moving average convergence divergence (MACD) and relative strength index (RSI), in line with PrimeXBT data that indicates bullish divergence on SHIB’s current MACD and neutral RSI.</p>
 <p class="paragraph">Meanwhile, Claude 3 Opus, a recent AI model by Anthropic, has set the possible SHIB price in a <strong>$0.00004 – $0.00006</strong> range, considering its historical chart patterns and growing mainstream adoption. Simultaneously, PrimeXBT’s trading volume data shows a steady increase, aligning with Claude’s positive forecast.</p>
 <p class="paragraph">Finally, Grok by xAI, which combines real-time data from social media and investor sentiment, has offered a <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> range of <strong>$0.000035 – $0.000055</strong>, suggesting a possible <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> increase by factoring in SHIB whale transactions and high social media activity also recorded by PrimeXBT.</p>
 <h2 class="wp-block-heading" id="shiba-inu-price-analysis">Shiba Inu price analysis</h2>
 <p class="paragraph">For now, Shiba Inu is changing hands at the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of $0.00002623, recording a decline of 5.30% in the last 24 hours but nonetheless advancing 3.14% across the previous seven days, and accumulating a gain of 11.59% over the past month, according to the most recent PrimeXBT data retrieved on May 30.</p>
 <p class="paragraph">Indeed, as the PrimeXBT charts show, SHIB has bounced off the $0.00003 resistance zone, settling in the $0.000026 area, although this reversal is not critical, and the popular token might still continue upward, particularly as it trades higher than its 50-day exponential moving average (EMA) and above the support line for the last couple of weeks.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="800" height="277" src="https://cdn.thebittimes.com/images/2024/05/30/d3df77715060c96b4bb38c48ea473d30.webp" alt="Shiba Inu price chart. Source: PrimeXBT" class="wp-image-179495" srcset="https://cdn.thebittimes.com/images/2024/05/30/d3df77715060c96b4bb38c48ea473d30.webp 800w, https://cdn.thebittimes.com/images/2024/05/30/d3df77715060c96b4bb38c48ea473d30.webp 300w, https://cdn.thebittimes.com/images/2024/05/30/d3df77715060c96b4bb38c48ea473d30.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
  <figcaption class="wp-element-caption"><em>Shiba Inu price chart. Source: </em><em>PrimeXBT</em>
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 <p class="paragraph">All things considered, the currently 11th-largest crypto asset by market capitalization might recover and continue to grow its <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> towards the year’s end, evidenced by AI models’ offered ranges corroborated by PrimeXBT’s latest data and supported by positive developments, like Shibarium significantly speeding up its Ethereum (ETH) bridge time.</p>
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    <p lang="en" dir="ltr">The 7-day delay was meant to stabilize token <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>s by encouraging longer stays on Layer 2. <br><br>But now, who needs to wait a week when it can be done in under an hour? We're all about efficiency and user-friendliness now!</p>— Shibarium Network (@ShibariumNet) May 29, 2024
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 <p class="paragraph">That said, doing one’s own research and carrying out a detailed risk analysis is critical when investing large amounts of money in any asset, as things in the crypto sector can sometimes change without warning, so caution is necessary to avoid significant losses.</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/ai-revises-shiba-inu-price-prediction-for-end-of-2024-tbt90467.html">https://thebittimes.com/ai-revises-shiba-inu-price-prediction-for-end-of-2024-tbt90467.html</a></p>

AI revises Shiba Inu price prediction for end of 2024

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