Various entities, including the cryptocurrency exchange Changelly and AI chatbots Google Bard and ChatGPT, have provided their projections for when Shiba Inu will reach the $0.0194 level.
Shiba Inu is aiming to recover from the losses it experienced during the recent market downturn, which caused a 20% decline from April 23 to the end of the month. Overall, SHIB saw a 27.16% drop in April. However, the month of May started on a positive note, with Shiba Inu already up by 9.16% in less than a week.
The recovery of Shiba Inu has been supported by the relief rally in the broader market, driven by the increasing strength of Bitcoin (BTC). SHIB recently surpassed the 20-day EMA ($0.0002428) and reached a high of $0.00002632 on May 4. However, it faced resistance at this level, leading to a slight drop to its current value of $0.00002250.
Changelly recently conducted an updated analysis of Shiba Inu’s current market position and potential price trajectory. The report confirmed that 86% of the market sentiment for SHIB is bullish, indicating that most investors are confident in its recovery efforts.
They projected that Shiba Inu would end May at $0.00008503, slightly below its all-time high price of $0.00008845. This figure represents a 247% increase from SHIB’s current price, reflecting the prevailing optimism surrounding the canine-themed cryptocurrency.
However, Changelly analysts reserved more audacious price targets for much later dates. They predict that in December 2027, Shiba Inu will remove one more zero and trade at $0.000102. They then expect the removal of an additional zero in January 2040 and another one in July 2040, projecting a maximum price of $0.0103 at that point.
The report also suggests that Shiba Inu could potentially reach the elusive $0.0194 price zone in July 2050, a decade after it reaches the $0.01 price level. To achieve this, Shiba Inu would need to experience a massive price surge of 79,083% from its current value.
We also sought a hypothetical scenario from AI chatbots on when Shiba Inu could reach this target. Google Bard (now Gemini) suggested that SHIB could reach the $0.0194 value in 2040, approximately 16 years from now. It cited factors such as market volatility, gradual adoption, and technological advancements as potential catalysts.
Additionally, using the JamesGPT prompt developed by Coinbase Director Conor Grogan, we asked ChatGPT to provide the chances of SHIB reaching $0.0194 in 2050, as projected by Changelly, and in 2040, as predicted by Google Bard. The chatbot stated that there is a 75% chance that Shiba Inu could reach $0.0194 in 2050 and a 60% chance it would achieve the target in 2040.
Please note that this content is for informational purposes only and should not be considered financial advice. The views expressed in this article may include 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. The Crypto Basic is not liable for any financial losses incurred.
