Shiba Inu's Future Price Predictions Based on Bitcoin's Rise
Date: 2024-01-01 Author: Dima Zakharov Categories: BLOCKCHAIN
Google's neural network, Bard, has made waves in the cryptocurrency world by predicting how Shiba Inu's price (SHIB) will react as Bitcoin reaches significant milestones. The predictions are based on the assumption that Bitcoin's price will soar to $100,000 and later to $250,000.
When Bitcoin Hits $100,000:
SHIB's price is expected to rise to a range of $0.00003185 to $0.00005564, marking an impressive increase of 204% to 432% from its current levels.
After Bitcoin Surges to $250,000:
Shiba Inu's value is projected to skyrocket by 510% to 1225%, reaching a range of $0.00007963 to $0.00013856.
It's worth noting that Bard did not disclose the specific factors behind its Shiba Inu price forecast. However, it is likely that artificial intelligence is considering the correlation between Bitcoin's price dynamics and SHIB. With SHIB's 30% increase and BTC's 155% surge since the beginning of the year, Bard seems to believe that during the altcoin season, SHIB will outpace Bitcoin in terms of price growth.
Nevertheless, the Shiba Inu chart currently exhibits a concerning pattern. The cryptocurrency's price is fluctuating within a bearish pattern known as a "descending triangle," with its lines expected to intersect on January 7th. Considering the width of this formation, it is conceivable that if the triangle breaks downward, Shiba Inu could depreciate by at least 14%.
