Renowned figure in the Shiba Inu community and analyst Oscar Ramos has made a bold prediction about the future of SHIB, revealing the asset’s end-of-year targets.
With only two months remaining in 2024, crypto investors are eager to learn what lies ahead for their favorite assets, including SHIB. Ramos recently conducted a detailed analysis that sheds light on Shiba Inu’s potential by the end of the year.
During his analysis, Ramos referenced ChatGPT-4o, an artificial intelligence chatbot, which made its final prediction for SHIB in 2024. The AI chatbot suggests that Shiba Inu could either experience a significant rally or a decline by the end of the year.
Although ChatGPT issued this prediction on October 24, Ramos decided to share it with his followers today. He revealed that ChatGPT-4o made two separate predictions for Shiba Inu, one under a bearish scenario and another under a bullish scenario.
In the bearish case, the chatbot predicts that Shiba Inu might experience a 71% drawdown, potentially causing its price to plummet to $0.000005.
On the other hand, under the bullish scenario, the AI chatbot forecasts a 76% increase in Shiba Inu’s price by the end of the year, potentially pushing it above $0.00003. ChatGPT suggests that factors such as adoption, market sentiment, and Shibarium development could contribute to SHIB reaching its end-of-year target.
Ramos expressed his disagreement with the chatbot’s bearish forecast, emphasizing that he does not see Shiba Inu falling below $0.00001 by the end of 2024. He pointed out that Shiba Inu has already rejected the $0.00001 mark a few weeks ago and has remained above $0.000015 despite recent geopolitical tension and news about Tether.
Interestingly, Ramos embraced the bullish prediction, suggesting that the upcoming U.S. presidential election and other macroeconomic factors could create favorable conditions for a rally in the last two months of the year.
Ramos further predicted that November, which he referred to as “MOONvember,” would pave the way for a Bitcoin rally, benefiting altcoins like Shiba Inu. He believes that the expectations of an October rally, known as “PUMPtober,” did not materialize, and therefore, November could be the month when cryptocurrencies like SHIB experience significant surges.
According to Ramos, Bitcoin would surpass its previous all-time high record of $73,737, and this rally would have a positive impact on the altcoin market, leading to a surge in SHIB’s price.
To demonstrate his confidence in SHIB, Ramos shared Shiba Inu’s price chart, projecting that the asset could potentially reach a target of $0.00006. Currently trading at $0.00001898, Shiba Inu would need to surge by 216.12% to reach the $0.00006 target. At the time of writing, SHIB has seen a 3.8% increase in the past 24 hours and a 5.7% increase in the last seven days.
It is important to note that this content is for informational purposes only and should not be considered financial advice. The views expressed in this article are the author’s personal opinions and do not reflect the opinion of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions, and The Crypto Basic is not responsible for any financial losses incurred.