Shiba

2024

Shiba Inu

Pyth Network

<div class="finbold">
 <p class="paragraph">Following a notably profitable month, Shiba Inu (SHIB) appears to be experiencing selling pressure, causing its <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> to decline and retreat to levels seen before its gains.</p>
 <p class="paragraph">Despite approaching the key resistance zone of $0.000001, SHIB fell short and experienced a series of losses, pushing it further away from this mark.</p>
 <p class="paragraph">To assess the likelihood of overcoming this resistance zone in the coming days, Finbold utilized machine learning algorithms from <em>PricePredictions</em> to forecast the potential price of this cryptocurrency at the start of the following month.</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-shib-<a rel=" dofollow title="price" href="https://thebittimes.com/tag/price.html" rel="noopener noreferrer nofollow">price-forecast"&gt;SHIB <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> forecast</h2>
 <p class="paragraph">According to the <a rel="noopener noreferrer nofollow" title="algorithm" href="https://thebittimes.com/tag/algorithm.html">algorithm</a>s, the projected <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> for SHIB is expected to increase to $0.000009738 by March 1, marking a gain of 2.86% from the current level of Shiba Inu <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of $0.000009475 at the time of writing.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="492" src="https://cdn.thebittimes.com/images/2024/02/21/f918ac0fb91c29513334cb1278d4d1ea.webp" alt="SHIB price prediction for March 1. Source: PricePredictions
" class="wp-image-156276" srcset="https://cdn.thebittimes.com/images/2024/02/21/f918ac0fb91c29513334cb1278d4d1ea.webp 1024w, https://cdn.thebittimes.com/images/2024/02/21/f918ac0fb91c29513334cb1278d4d1ea.webp 300w, https://cdn.thebittimes.com/images/2024/02/21/f918ac0fb91c29513334cb1278d4d1ea.webp 768w, https://cdn.thebittimes.com/images/2024/02/21/f918ac0fb91c29513334cb1278d4d1ea.webp 1156w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   SHIB price prediction for March 1. Source: PricePredictions
  </figcaption>
 </figure>
 <p class="paragraph">However, looking further into March, algorithms expect a $0.00001 threshold to be achieved on March 19, a level that hasn’t been achieved since the start of 2024.</p>
 <h2 class="wp-block-heading" id="a-spike-in-shib-transactions-might-indicate-a-price-surge-in-shiba-inu">A spike in SHIB transactions might indicate a price surge in Shiba Inu</h2>
 <p class="paragraph">Significant amounts of Shiba Inu tokens have been transferred by anonymous holders in the past few hours, according to data provided by on-chain data aggregator <em>Arkham Intelligence</em>. Arkham noted a collective movement of almost 20 billion SHIB.</p>
 <p class="paragraph">This coincided with Shibarium hitting a new peak in daily transfers and experiencing fluctuations in SHIB’s price. The layer-2 blockchain has witnessed a remarkable surge in daily transaction volume, with today’s count surpassing four million and reaching 4.21 million transactions.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="215" src="https://cdn.thebittimes.com/images/2024/02/21/0d0538a069b0e81a6be77a989e2ec680.webp" alt="The number of Shibarium's daily transactions. Source: Shibarium
" class="wp-image-156277" srcset="https://cdn.thebittimes.com/images/2024/02/21/0d0538a069b0e81a6be77a989e2ec680.webp 1024w, https://cdn.thebittimes.com/images/2024/02/21/0d0538a069b0e81a6be77a989e2ec680.webp 300w, https://cdn.thebittimes.com/images/2024/02/21/0d0538a069b0e81a6be77a989e2ec680.webp 768w, https://cdn.thebittimes.com/images/2024/02/21/0d0538a069b0e81a6be77a989e2ec680.webp 1536w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   The number of Shibarium’s daily transactions. Source: Shibarium
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="shiba-inu-price-chart">Shiba Inu price chart</h2>
 <p class="paragraph">At the time of press, the SHIB <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> today shows that the meme coin is trading at $0.000009462, reflecting a decrease of -3.87%. This follows a loss of -1.85% over the past week, in contrast to gains of 4.00% over the previous 30 days.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="683" src="https://cdn.thebittimes.com/images/2024/02/21/e250cd6c0e4affb3ffdedfe96fbd3b2e.webp" alt="SHIB 24-hours price chart. Source: Finbold" class="wp-image-156278" srcset="https://cdn.thebittimes.com/images/2024/02/21/e250cd6c0e4affb3ffdedfe96fbd3b2e.webp 1024w, https://cdn.thebittimes.com/images/2024/02/21/e250cd6c0e4affb3ffdedfe96fbd3b2e.webp 300w, https://cdn.thebittimes.com/images/2024/02/21/e250cd6c0e4affb3ffdedfe96fbd3b2e.webp 768w, https://cdn.thebittimes.com/images/2024/02/21/e250cd6c0e4affb3ffdedfe96fbd3b2e.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   SHIB 24-hours price chart. Source: Finbold
  </figcaption>
 </figure>
 <p class="paragraph">Despite a notable increase in daily transactions and deposits on major crypto exchanges, technical indicators for SHIB are leaning towards a ‘sell’ rating at 11 evaluations.</p>
 <p class="paragraph">Moving averages from 9 indicators suggest a ‘sell,’ while oscillators indicate a ‘neutral’ rating in 8 cases.</p>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="239" src="https://cdn.thebittimes.com/images/2024/02/21/7de5dfef19bd47ad37de304b26bc45ea.webp" alt="SHIB technical indicators. Source: TradingView" class="wp-image-156279" srcset="https://cdn.thebittimes.com/images/2024/02/21/7de5dfef19bd47ad37de304b26bc45ea.webp 1024w, https://cdn.thebittimes.com/images/2024/02/21/7de5dfef19bd47ad37de304b26bc45ea.webp 300w, https://cdn.thebittimes.com/images/2024/02/21/7de5dfef19bd47ad37de304b26bc45ea.webp 768w, https://cdn.thebittimes.com/images/2024/02/21/7de5dfef19bd47ad37de304b26bc45ea.webp 1413w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   SHIB technical indicators. Source: TradingView
  </figcaption>
 </figure>
 <p class="paragraph">Whether SHIB meets algorithmic predictions or succumbs to bearish technical indicators largely hinges on investor support during this period.</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>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/machine-learning-algorithm-predicts-shib-price-on-march-1-2024-tbt80385.html">https://thebittimes.com/machine-learning-algorithm-predicts-shib-price-on-march-1-2024-tbt80385.html</a></p>

Machine learning algorithm predicts SHIB price on March 1, 2024

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