Grok AI Predicts SHIB Price for End of 2024
Date: 2024-01-24 Author: Dima Zakharov Categories: IN WORLD
Shiba Inu (SHIB) has become a household name among cryptocurrency enthusiasts, holding the second position in popularity and market capitalization, closely trailing Dogecoin (DOGE). With investors closely watching, Grok, an artificial intelligence (AI) tool, has been given the task of predicting SHIB's price at the close of 2024.
Currently priced at $0.000008663 per coin, SHIB boasts a massive circulating supply of nearly 590 trillion SHIB tokens, reflecting a 3.9% daily loss according to CoinGecko. Nonetheless, Shiba Inu ranks among the top 19 most valuable cryptocurrencies, with a market capitalization exceeding $5.15 billion.
Investor interest surged in October 2023 in anticipation of the launch of Shibarium, a second-level Web3 blockchain. Although the network's native token is BONE, SHIB didn't see a significant increase in its fundamental value.
Grok, developed by Elon Musk's xAI company, is an AI tool that stands out for its direct access to social media messages. It quickly gained popularity among cryptocurrency investors.
According to Grok's predictions, the most likely price range for SHIB at the end of 2024 spans from $0.000012 to $0.000020. Furthermore, Grok's bullish and bearish forecasts for Shiba Inu stand at $0.000030 and $0.000006, respectively. Achieving the highest forecast would signify a 275% increase from the current price and a 25% loss at the lowest point.
Despite its remarkable ability to process vast amounts of information, investors are advised not to solely rely on artificial intelligence predictions and to conduct their own research before making investment decisions.
