ChatGPT Predicts How Will Shiba Inu (SHIB) Reach $0.01 & $1

On Oct 21, 2024

The Shiba Inu ecosystem is thriving with budding new developments. With Shibarium hitting a record new transaction of 324K in daily metrics, Shiba Inu is emerging as the new breakout crypto asset that has hooked its investors and kept them longing for more. With a spree of new products ready to unroll, we’ve asked ChatGPT to recommend some of the most promising ways that may help Shiba Inu rise to the top of the crypto radar.

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ChatGPT Suggests Ways Of Shiba Inu Reaching $0.01 and $1

Shiba inu and dollar symbol — Image Source: Watcher Guru

Per AI, Shiba Inu needs three essential ways to claim the coveted price marks of $0.01 and $1. First and foremost, the token needs some aggressive burn statistics to bolster its price and temper its demand, making it a rare token.

The portal pointed out that SHIB’s massive price supply needs aggressive burns to kill excess supply, which can help its price take a sharp u-turn. This can be achieved via an amalgamation of community-driven burns alongside the integration of SHIB via ShibsSwap and Shibarium. The two leading processes can help SHIB claim a new price ATH very soon.

The second recommendation that AI shared included a broader utility aspect. The portal stated how SHIB’s expansive utility and ecosystem diversification can help its price soar to new highs.

This includes SHIBs involvement with applications like NFT, DeFi, or the adoption of SHI Stablecoin. Such developments can play a key role in determining its price pace. Brand collaborations are also an integral part of this expansion that can help the token achieve the coveted price marks.

Thirdly, significant whale activity and institutional investment can also catapult SHIB’s price. If institutional investors pivot towards SHIB and whales, they will continue scoping large amounts of SHIB. These two developments may also boost its price momentum. However, all three conditions above must coincide for SHIB to ascend and claim the price mark of $0.01 or $1.

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Finders Panel’s Forecast For The Token

Per the notable finders panel, Shiba Inu still has a long way to go when claiming the ambitious price marks of $0.01 and $1. The SHIB team is currently exploring Shib stablecoin, launching products like SHIB Socials, SHIB Marketplace, and SHIB DeFi, which will give it a significant price boost. However, the token may continue to ascend at a slower pace.