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<p>The post <a href="https://coinpedia.org/press-release/chatgpt-gives-shiba-inu-price-prediction-could-shib-hit-0-000050-in-2024/" rel="noopener noreferrer nofollow">ChatGPT Gives Shiba Inu Price Prediction: Could SHIB Hit $0.000050 in 2024?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>It’s been a volatile few weeks in the crypto market, with most coins and tokens posting sizable losses.</p>
<p>Given this backdrop, we tasked the AI model ChatGPT with predicting whether Shiba Inu (SHIB) could return to the $0.000050 level this year.</p>
<p>We also asked ChatGPT which other meme coins could be set for a price surge – with the model highlighting one brand-new presale token that it believes might be primed for a bull run.</p>
<h2 class="wp-block-heading" id="h-faith-in-shib-wavers-as-price-continues-heading-downward">Faith in SHIB Wavers as Price Continues Heading Downward</h2>
<p>SHIB is hovering around the $0.0000089 level at the time of writing, having dropped 25% since December 17.</p>
<p>After going on a tear in the final months of 2023, the meme coin has pulled back substantially from its local peak of around $0.0000119.</p>
<p>However, SHIB seems to have found support around $0.0000086, where the price has reversed aggressively three times in the past three weeks.</p>
<p>This could be setting up for SHIB’s next major move if buying momentum returns.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/t2bXDRCm8GRpM2VeRnrlhGpYh1tNhtja9PQlLikf6SWlTKAPAB9_6whlW3lwvz-SuLHWdJRpBMMPOl4rwyj-ZFCAlQ6TWkijcYQiFfh0oF4LRfz9ajfAnL1kWPvwD2dyBS8QDmmhKJlKoAle5BO8G1c" alt="shiba-inu chart">
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<p>Technical indicators on the daily chart show the meme coin has strong resistance ahead at the 50-day exponential moving average (EMA).</p>
<p>If SHIB can break through this dynamic resistance level, currently around $0.0000095, it could spark a run back to December’s high.</p>
<p>However, <a href="https://coinmarketcap.com/currencies/shiba-inu/" target="_blank" rel="noopener noreferrer nofollow">daily SHIB trading volumes</a> have dropped in the past 24 hours, suggesting investors are losing faith in the token’s prospects.</p>
<p>Nevertheless, SHIB still has a highly devoted community backing it, meaning there’s always scope for a sharp rebound.</p>
<h2 class="wp-block-heading" id="h-chatgpt-offers-conservative-outlook-for-shiba-inu-in-2024">ChatGPT Offers Conservative Outlook for Shiba Inu in 2024</h2>
<p>When asked about Shiba Inu’s prospects for 2024, ChatGPT provided a measured take on the meme coin’s outlook.</p>
<p>Given SHIB’s current price of around $0.0000089 and its downward trend since mid-December, ChatGPT believes a rally to $0.000050 by the end of the year seems highly optimistic.</p>
<p>However, the AI model pointed to the launch of the Shibarium layer-2 network last September as an ongoing positive development that could support gradual growth.</p>
<div class="wp-block-image">
 <figure class="aligncenter is-resized"><img decoding="async" src="https://lh7-us.googleusercontent.com/c67xBKpHQa6R7dyfFmx0hmfW4m2IC_t8nKOfRURpm-fpbtWxbkiq24tncPr5SUd1bUuaRFN4zaMcYyvvwr3fX4ZMF6ZLN6Er26Pxl6-4s-7WO-Cb87bwqDNBvjEgcd9hhVYUAld2rq1toMnMOHQ7hT0" alt="chatgpt prediction" style="width: 100%;height:auto">
 </figure>
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<p>According to ChatGPT, a more reasonable price target for SHIB in 2024 would be in the $0.000012 to $0.000020 range.</p>
<p>The model-based this conservative outlook on typical meme coin volatility and the lack of immediate major catalysts ahead that could spark a breakout.</p>
<p>If the devoted SHIB community can band together for viral marketing campaigns or Shibarium sees massively increased adoption, ChatGPT admits hitting $0.000050 cannot be ruled out.</p>
<h2 class="wp-block-heading" id="h-which-other-meme-coins-is-chatgpt-optimistic-about-in-2024">Which Other Meme Coins Is ChatGPT Optimistic About in 2024?</h2>
<p>While ChatGPT seems cautious about meteoric gains for Shiba Inu, the AI model does see potential in other corners of the meme coin space in 2024.</p>
<p>In particular, ChatGPT flagged an emerging token called <a href="https://bs_adf8ea60.pierslap.care/?referrer=chatgpt-shiba-inu-price-prediction:-could-shib-hit-$0000050-in-2024" target="_blank" rel="noopener noreferrer nofollow">Sponge V2 (SPONGEV2)</a> as an under-the-radar play that could be primed for a breakout.</p>
<h2 class="wp-block-heading" id="h-chatgpt-predicts-5x-gains-for-sponge-v2-due-to-gaming-amp-staking-utility">ChatGPT Predicts 5x Gains for Sponge V2 Due to Gaming &amp; Staking Utility</h2>
<p>As a soon-to-be-launched meme coin, Sponge V2 is the next generation of the Sponge (SPONGE) token, which saw massive gains after its launch last May.</p>
<p>The main value propositions of Sponge V2 are its integration into a play-to-earn (P2E) gaming ecosystem and <a href="https://spongetoken.vip/en/staking" rel="noopener noreferrer nofollow">high staking rewards</a>.</p>
<p>Moreover, the token benefits from the already-established Sponge community, which comprises <a href="https://twitter.com/spongeoneth" rel="noopener noreferrer nofollow">over 28,000 people on Twitter</a>.</p>
<div class="wp-block-image">
 <figure class="aligncenter is-resized"><img decoding="async" src="https://lh7-us.googleusercontent.com/wsXlQLbvqedy3JQwX8iar7N7FA_qnEzT2lE9VeXuXpQxX7GKM8Rzm35-JNkN7RM72-neXKjjLKgWy1-fG9M6A3EUVM79AALLQIGSXVwKGuC_t6yQyRyp-sBo5qSRayYf4sfx4A9YFiSLiSZ5X-c1e6Q" alt="spongev2" style="width: 100%;height:auto">
 </figure>
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<p>According to ChatGPT, these elements make SPONGEV2 an intriguing speculative bet within the meme coin space in 2024.</p>
<p>In particular, the AI model things SPONGEV2 could see substantial price appreciation once it gets listed on exchanges like Uniswap.</p>
<p>ChatGPT cited the development team’s ambitious goal for a $100 million market cap and the $6 million already staked in the “Stake-to-Bridge” mechanism as reasons for its bullish outlook.</p>
<p>If Sponge V2’s team can deliver on their roadmap and gain traction among the retail crypto crowd, ChatGPT believes the token’s price could reach $0.003 to $0.005 this year.</p>
<div class="wp-block-image">
 <figure class="aligncenter is-resized"><img decoding="async" src="https://lh7-us.googleusercontent.com/HHRZSjDB9379-DAEuMCkdfK0_oCfLJ6Q_eErXRHtRaRsj8AeA-P_ITJAZNMU1JLoFgKRSUSydcBfA5w0aba8tRpaRpqIzfpKwMudy8N743wpudOP92HwZXYyF4QaXHJVd6TaBO3OWSVz-y2j9c1YRyI" alt="chatgpt" style="width: 100%;height:auto">
 </figure>
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<p>Should this prediction come true, it would represent up to 5x gains from the current SPONGE price.</p>
<p>All in all, while entirely hypothetical, ChatGPT’s forecast highlights the exciting potential of Sponge V2 going forward.</p>
<p>Interested investors can <a href="https://bs_adf8ea60.pierslap.care/?referrer=chatgpt-shiba-inu-price-prediction:-could-shib-hit-$0000050-in-2024" target="_blank" rel="noopener noreferrer nofollow">buy and stake SPONGE</a> directly through the project’s website at sponge.vip.</p>

ChatGPT Gives Shiba Inu Price Prediction: Could SHIB Hit $0.000050 in 2024?

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