Shiba

Greed

when

Shiba Inu

Rise

<p class="p2">With the vast popularity of Shiba Inu in the crypto space and millions of investors holding <a href="https://www.newsbtc.com/shiba-inu/breakout-confirmed-shiba-inu-45-price-explosion/">the SHIB token</a>, the direction of the price has always been an interesting and hotly debated topic. Expectations are that the meme coin will continue to rise drastically as theme coins become some of the frontrunners of the crypto market, and many analysts agree. Even a machine learning algorithm has predicted that <a href="https://www.newsbtc.com/news/shiba-inu-prepares-for-major-burn-as-liquidity-surpasses-800-million/">the Shiba Inu price</a> will surge in the next few days.</p> 
<h2 class="p2" id="machine-learning-algorithm-predicts-119-surge">Machine Learning Algorithm Predicts 119% Surge</h2> 
<p class="p2">The CoinCodex machine learning algorithm, taking into account a number of indicators, has concluded that the Shiba Inu price is extremely bullish from here. According to the <a href="https://coincodex.com/crypto/shiba-inu/price-prediction/" rel="nofollow">website</a>, sentiment toward the meme coin is still very bearish, which is usually a good time to buy and when a bounce is more likely. Addition the Fear &amp; Greed Index is still sitting at a score of 71 representing Greed. This means more willingness among investors to put money in the market.</p> 
<p class="p2">The predictions from the machine learning algorithm span various time periods, but the one of interest is the 5-day prediction. As the data from the website shows, the machine learning algorithm is expecting the Shiba Inu price to double in less than one week.</p> 
<img loading="lazy" decoding="async" class="size-medium wp-image-631340" src="https://www.newsbtc.com/wp-content/uploads/2024/07/5-Day-Prediction-Shiba-Inu.png?w=460&amp;resize=460%2C332" alt="5-Day Prediction Shiba Inu" width="460" height="332" srcset="https://www.newsbtc.com/wp-content/uploads/2024/07/5-Day-Prediction-Shiba-Inu.png?w=1824 1824w, https://www.newsbtc.com/wp-content/uploads/2024/07/5-Day-Prediction-Shiba-Inu.png?w=460&amp;resize=460%2C332 460w, https://www.newsbtc.com/wp-content/uploads/2024/07/5-Day-Prediction-Shiba-Inu.png?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/07/5-Day-Prediction-Shiba-Inu.png?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/07/5-Day-Prediction-Shiba-Inu.png?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/07/5-Day-Prediction-Shiba-Inu.png?w=120 120w, https://www.newsbtc.com/wp-content/uploads/2024/07/5-Day-Prediction-Shiba-Inu.png?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/07/5-Day-Prediction-Shiba-Inu.png?w=1140 1140w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1"> 
<p class="p2">At the time of writing, <a href="https://www.newsbtc.com/news/bitcoin/bitcoin-price-shiba-inu-dogecoin/">the Shiba Inu price</a> is still skirting around the $0.000017 level, and the price prediction puts it at $0.00003839. Such a price increase for the <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-price-drops-10-as-5-trillion-shib-flood-to-exchanges-following-wazirxs-exploit/">SHIB price</a> would mean a 119.45% increase in less than a week.</p> 
<p class="p2">However, on a longer time frame, which is 30 days, the machine learning algorithm expects the price to turn bearish again. It puts it at a price of $0.00001686, which is a 3.66% decline from the current price. But would be an over 50% decline if the price does hit $0.00003839 in the next five days as predicted.</p> 
<h2 class="p2" id="when-will-shiba-inu-reach-a-new-all-time-high">When Will Shiba Inu Reach A New All-Time High?</h2> 
<p class="p2">Despite the bullishness of the past year, <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-shib-tipped-for-explosive-1440-rally-to-0-0003-by-2024-2025/">the Shiba Inu price</a> has failed to reclaim its 2021 all-time high of $0.00008845. Its current value puts it around 80% below this all-time high price, meaning that the meme coin still has a long way to go before it sets a new peak.</p> 
<img loading="lazy" decoding="async" class="size-medium wp-image-631341" src="https://www.newsbtc.com/wp-content/uploads/2024/07/5-year-prediction-Shiba-Inu.png?w=460&amp;resize=460%2C266" alt="5-year prediction Shiba Inu" width="460" height="266" srcset="https://www.newsbtc.com/wp-content/uploads/2024/07/5-year-prediction-Shiba-Inu.png?w=1748 1748w, https://www.newsbtc.com/wp-content/uploads/2024/07/5-year-prediction-Shiba-Inu.png?w=460&amp;resize=460%2C266 460w, https://www.newsbtc.com/wp-content/uploads/2024/07/5-year-prediction-Shiba-Inu.png?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/07/5-year-prediction-Shiba-Inu.png?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/07/5-year-prediction-Shiba-Inu.png?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/07/5-year-prediction-Shiba-Inu.png?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/07/5-year-prediction-Shiba-Inu.png?w=1140 1140w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1"> 
<p class="p2">According to the CoinCodex machine learning algorithm, investors in <a href="https://www.newsbtc.com/altcoin/burns-shiba-inu-lunc-price/">the Shiba Inu meme coin</a> may be waiting a long time before this happens. The longer timeframe forecasts expect that the Shiba Inu price will hit a <a href="https://www.newsbtc.com/shiba-inu/450-shiba-inu-all-time-high/">new all-time high</a> in the year 2029 and rise as high as $0.000156. This would mean that it would take another half a decade before those who bought at the peak in October 2021 to see profit on their holdings again.</p> 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/QxAjVmqd/" alt="Shiba Inu price chart from Tradingview.com" width="3286" height="1518">

Machine Learning Algorithm Predicts Shiba Inu Price Will Rise 119% In 5 Days

Obsah

NewsBTC

Ďalšie články zverejnené 25. 7. 2024

Diversifying Beyond Crypto: Why a Balanced Portfolio Matters

Did You Miss the Solana Price Surge? Here Are 5 Perspective Tokens That Might Outperform SOL in t...

Axioma Eagle City 2030- Leveraging Real Estate in the Digital Age

SEC Chairman Gary Gensler May Resign as Trump Readies for 2025 Presidential Term

Riot Platform buys Kentucky-based Block Mining for $93M

Ethereum Spot ETFs Debut in U.S. Exchanges, Supported by Major Issuers

Pripojte sa k nášmu bezplatnému bulletinu a získajte denné aktualizácie kryptomien!