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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 <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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