Google Bard, a well-known Artificial Intelligence (AI) resource, has shed light on the potential trajectory of Shiba Inu (SHIB) reaching price targets of $0.0001 and $0.001.
As per Crypto Basic’s investigations, optimism surrounds Shiba Inu’s future, with expert predictions suggesting positive prospects for the cryptocurrency.
As of the current moment, Shiba Inu’s price has experienced a slight uptick of 1.09%, settling at $0.000009721. This follows the removal of a zero in the aftermath of the recent market downturn. The token’s market cap and 24-hour trade volume stand at $5,730,983,801 and $138,029,393, respectively.
Google Bard’s Perspective on SHIB to $0.0001: Upon inquiry, Google Bard issued a disclaimer regarding cryptocurrency price predictions. Subsequently, the AI chatbot suggested that achieving a price of $0.0001 could happen within 1 to 2 years. Reaching this mark would require a 928% growth for Shiba Inu, a plausible feat if the expected capital inflow into the industry post-Bitcoin spot ETF approval materializes.
Google Bard justified this timeline by pointing to the current social media sentiment and hype, which could play a significant role in achieving this milestone. Additionally, the chatbot emphasized the potential impact of Shibarium’s emergence and the ShibaSwap exchange on the growing adoption that could contribute to reaching the $0.0001 price target.
Can Shiba Inu Reach $0.001? Google Bard elevated its optimistic outlook, providing a 5 to 10-year timeline for Shiba Inu to potentially touch the $0.001 price level. While acknowledging that this timeline might extend, the AI tool outlined three crucial factors contributing to reaching these valuation goals.
It emphasized the necessity of reducing the current supply of over 589 trillion tokens, while simultaneously positioning Shiba Inu as both a store of value and a medium of exchange. Google Bard acknowledged that these projections are subject to change based on technological advancements and alterations in cryptocurrency regulations. The potential for Shiba Inu’s future growth remains dynamic, shaped by various factors in the evolving crypto landscape.
