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    Artificial Intelligence Estimate Of Shiba Inu Value By 2024

    Image Source: salarko / Shutterstock

    Despite the decline of Shiba Inu (SHIB) from its peak as a meme token in March 2024, and a significant drop on July 24 and 25 coinciding with a notable downturn in the stock market, there has been a resurgence by July 26.

    This revival is partly attributed to Shibarium, a Layer-2 solution officially launched in August 2023, which saw a remarkable 15% surge in transactions on July 25.

    The surge also coincided with a remarkable increase in new contracts on Shibarium, soaring over 300% from 8 to 36 within a mere 24 hours.

    These favorable developments have positively impacted SHIB in the cryptocurrency markets, leading the meme token to rise by 3.44% in the latest full day of trading, reaching a price of $0.00001679.

    Looking forward, with indicators such as the relative strength index (RSI) and promising developments for Shibarium indicating sustainability in the upward trend, Finbold decided to explore further and consult advanced artificial intelligence (AI) models to project SHIB’s potential value by the end of 2024.

    AI’s Analysis of Estimated SHIB Value by End of 2024

    The leading AI model, OpenAI’s advanced ChatGPT-4o, has taken a bullish position on SHIB, setting the year-end target price for the cryptocurrency at $0.00003. This forecast was supported by market sentiment, technological advancements, and positive news surrounding the crypto markets, including approvals for Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs).

    In contrast, the more conservative ChatGPT-4o mini projected a range between $0.000015 and $0.000020 for Shiba Inu. This AI attributed SHIB’s future value to market sentiment, utility advancements, and the regulatory environment.

    While the newly introduced SearchGPT landed in the middle, forecasting Shiba Inu to reach $0.000025 by late 2024. This projection was based on ecosystem developments and token burn dynamics as key drivers for the surge.

    Similarly, Microsoft’s Copilot also envisioned the same target price, indicating that community initiatives, market trends, and increased adoption levels hint towards a rally by the year-end.

    In conclusion, Alphabet’s Gemini, formerly known as Google Bard, anticipated advancements in Shiba Inu to propel it upward but cautioned that intense competitiveness in the meme coin domain may cap the potential gains.

    Nonetheless, Gemini aligned with Copilot and SearchGPT, predicting SHIB to reach $0.000025 by the conclusion of 2024.

    Image Source: salarko / Shutterstock

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