Google Artificial Intelligence (AI) chatbot Gemini has provided key insights into the future price trajectory of Shiba Inu. The AI model has disclosed three potential price targets for SHIB by the end of 2024.
SHIB Price Outlook By End Of The Year
Gemini, Google’s most capable AI model has predicted the price of SHIB to surge by the end of 2024. According to the chat bot, Shiba Inu could potentially witness a massive rally, pushing it to new all-time highs during this time line.
Sharing three distinct scenarios where Shiba Inu is set to experience a significant price rally, Gemini disclosed that SHIB could break past key resistance levels to surge to $0.0002, shedding off a zero from its current price and reflecting a massive 410% surge.
In the second price outlook, the AI chatbot predicts that the price of SHIB could witness a surge to $0.0001. This price increase would require SHIB to rally by at least 155%, taking advantage of market’s bullish trends and investor sentiment to push its price upwards.
The third and final price outlook by Google’s Gemini reveals a more moderate price increase for SHIB. According to the AI model, SHIB’s price is expected to surge to $0.00005 by December 2024. This price increase depicts a relatively low growth for the cryptocurrency, potentially signaling impending bearish trends in the future.
Shiba Inu Witnesses Major Price Correction
Since the beginning of the year, the price of SHIB has been on an upward momentum, amassing significant gains that has further solidified its position in the crypto industry. The cryptocurrency has also garnered a considerable amount of interest from both investors and traders, successfully rising to the world’s top 10 cryptocurrencies by market capitalization.
Despite various crypto analysts predicting that SHIB will maintain its bullish trajectory, the cryptocurrency has been witnessing unexpected price declines lately. The price of SHIB experienced a significant drop below $0.00003, trading at $0.000029 at the time of writing, and reflecting a steep decline of 10.75% in the last 24 hours.
The cryptocurrency had previously experienced a price increase of approximately 205.66% over the past month. However, it seems bearish trends may be taking over, as SHIB has been displaying mostly red candle sticks on its weekly price charts, according to CoinMarketCap.
While the reason for this unexpected price drop has not yet been determined, Shiba Inu is still on a relatively bullish path, which is evident in its previous price performance over the past few months. Moreover, Shiba Inu’s lead developer, Shytoshi Kusama, has also remained bullish on the doggy-themed meme coin, predicting that SHIB could potentially become the leading cryptocurrency in the upcoming meme coin season.
SHIB bulls show strength | Source: SHIBUSDT on Tradingview.com
Featured image from Medium, chart from Tradingview.com
