AI Predicts SHIB Price by End of 2025
Date: 2024-01-04 Author: Dima Zakharov Categories: IN WORLD
Cryptocurrency markets are experiencing a slowdown in their New Year's rally, and Shiba Inu (SHIB) is no exception. However, on the evening of January 3rd, SHIB traded above the psychologically significant level of $0.00001, and artificial intelligence (AI) algorithms suggest that 2025 might be even more promising.
AI-driven price prediction algorithms used by the cryptocurrency analytics platform CoinCodex forecast that by December 31, 2025, Shiba Inu will be trading at $0.00003694. This implies a remarkable 235.82% increase compared to the price on January 3, 2024.
On the evening of January 3rd, the famous meme cryptocurrency was trading at $0.000010, with daily losses exceeding 5% and similar losses over the past seven days. However, the monthly performance still showed a 12.52% increase compared to the previous month.
Considering these circumstances, SHIB could indeed reach the projected target price by the end of the next year if it improves its current dynamics, and the Shiba Inu project team continues to work on the ecosystem's development.
One bullish sign is the introduction of an automatic token burning mechanism for SHIB tokens on the Shibarium blockchain. The SHIB team announced that this would witness numerous updates aimed at improving efficiency and reliability.
Furthermore, the cryptocurrency exchange Crypto.com recently announced the addition of new trading pairs with Shiba Inu, Dogecoin (DOGE), and CorgiAI (CORGIAI), the leading meme coin on the Cronos blockchain (CRO).
