Artificial Intelligence and Shiba Inu (SHIB) Price
Date: 2024-04-02 Author: Oliver Abernathy Categories: BUSINESS
Happycoin.club - Before Bitcoin's pullback to $68,000, the Shiba Inu (SHIB) meme coin showed its strength, attracting the interest of machine learning and artificial intelligence (AI) algorithms that tried to predict the token's future progress.
SHIB Growth Trends
Year to date, SHIB has increased its price by almost 180%, with most of the increase occurring in March (35%). However, we are currently seeing a slight slowdown in this growth, which is likely due to a correction in Bitcoin.
Shiba Inu price forecast
According to cryptocurrency price forecasting platform Price Predictions, SHIB could reach $0.00003 by April 30, 2024. However, if indicators such as Bollinger Bands, Relative Strength Index (RSI), Weighted Moving Average and others are taken into account, SHIB's rise could be modest at just 3.38% from the current price.
Analysis of the current state of SHIB
Currently, the SHIB price is $0.00002821, with a daily decline of 7.5% and a weekly decline of 5%. However, for the current year, the meme token has shown growth of 181.06%.
Increase in SHIB token burn
There has been a significant increase in the burn rate of SHIB tokens in March, which amounted to more than 2330%, according to data from the Shibburn tracker.
Crypto market trends are volatile and you should do your own research before investing, given the rapid changes in the market.
