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ChatGPT makes surprising price prediction for SHIB in 2024

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Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

In addition to the ongoing bull run on the charts, the Shiba Inu [SHIB] team recently achieved a remarkable milestone. Shibarium, the L2 blockchain network developed by the creators of the SHIB ecosystem, surpassed the milestone of 4 million transactions this week.

In another positive development, crypto payments processor BitPay announced that it now allowed for car loans to be paid with cryptocurrencies, including SHIB.

Good news! The BitPay app lets you settle car loans with Bitcoin or other crypto.

Discover the simplicity of repaying your auto debt with digital currency in our concise guide to BitPay Bill Pay.https://t.co/SYyXtXY3LT#BitPay #Bitcoin #crypto #autoloans pic.twitter.com/eE8tpHXfAA

— BitPay (@BitPay) November 23, 2023

That’s not all, however. Filipino boxing legend Manny Pacquiao has announced that his charitable foundation will use meme token Shiba Inu’s [SHIB] network for fundraising.

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The Manny Pacquiao Foundation would implement Shibarium into the foundation’s operations.

Thank you @Shibtoken for the amazing article in the 2nd edition of The Shib! https://t.co/26JaWKfwKd

We are so excited about this partnerSHIB! #theShibMagazine #ShibArmy #Pacquiao pic.twitter.com/ofP7o0i1aj

— Manny Pacquiao Foundation (@MPac_Foundation) November 15, 2023

In a whirlwind of cryptocurrency fervor, memecoins, propelled by vibrant communities, have seized the spotlight. SHIB emerged as a major player, riding the waves of community support rather than real-world utility.

In fact, such has been the craze that in the past as well, AMBCrypto has enquired about what AI bots like ChatGPT think of SHIB.

The tale began in 2020 when an enigmatic figure or a group, named Ryoshi, started SHIB as an ironical tribute to the eponymous Japanese dog breed, also Dogecoin’s [DOGE] mascot. A parody of the crypto-frenzy, the project started from zero, with zero, in the spirit of creating something out of nothing. It was not founded from an existing community or preassembled team.

SHIB, an Ethereum [ETH]-based ERC-20 token, quickly soared in popularity due to its charismatic ShibArmy and strategic endorsements by online influencers. Notably, Elon Musk’s foray into Dogecoin’s world also fueled SHIB’s meteoric rise. The ShibArmy, a passionate community, spearheaded SHIB’s success, accumulating over 27,000,000% in price rise from January to October 2021.

July 2021 saw the emergence of ShibaSwap, SHIB’s decentralized exchange. It marked a paradigm shift, adopting the automated market maker (AMM) model. It allowed users to “dig” (provide liquidity), “bury” (stake), “fetch” (retrieve) and swap SHIB, LEASH, and BONE tokens. The innovative passive income reward system, along with a six-month lock rule, brought a new dimension to the DeFi landscape.

While skeptics viewed SHIB as a pump-and-dump coin lacking real-world utility, its “Decentralized Meme Token” status found resonance within the crypto-community. The SHIB token, encapsulated in the “woof paper,” aimed to experiment with spontaneous decentralized community building, putting power back into the hands of people.

Positioned as the “Dogecoin Killer,” SHIB is often cheered on to surpass its precursor.

Ryoshi, the mysterious creator, stirred a storm in the crypto-realm by transferring 50% of SHIB’s supply to Ethereum’s Vitalik Buterin. A transfer of such a huge sum being gifted to an individual triggered debates around SHIB’s decentralization. This move fueled controversy, raising questions about decentralization.

However, Buterin’s unprecedented burn of SHIB tokens worth $6.6 billion alleviated concerns and showcased SHIB’s resilience.

Source: Etherscan

The uniqueness of the Shiba Inu ecosystem lies in its colossal total supply—An astronomical one quadrillion tokens.

SHIB’s market presence expanded as it secured listings on major exchanges, including Coinbase [COIN] , Binance [BNB], Huobi, and Kucoin. The American exchange Robinhood, however, remained cautious due to security concerns. The roadmap for SHIB’s future remained shrouded in secrecy, with developers hinting at potential coin burns and a Metaverse entry, signalling continued evolution.

In a recent revelation, NowNodes, a prominent Node operator and blockchain API developer, declared Shiba Inu’s Shibarium layer-2 solution as “one of the best-performing networks” in the blockchain technology ecosystem. NowNodes conveyed that Shibarium has proven to be a standout performer, processing over 66 million requests since its launch in August this year.

Taking to X (Formerly, Twitter), NowNodes expressed enthusiasm, stating, “Shibarium Net was one of the best-performing networks in our ecosystem this month. Our team prepared a Milestone report dedicated to the success, most recent updates, and highlights of the network.” NowNodes had been an early supporter of Shibarium, extending its support both before and after the layer-2 solution’s launch.

@ShibariumNet was one of the best performing networks in our ecosystem this month 🥇

Our team prepared a Milestone report dedicated to the success, most recent updates and highlights of the network

Get into our new 🧵 https://t.co/t4e5ljoXNi pic.twitter.com/WHyZZCQAE0

— NOWNodes ⛓️ (@NOWNodes) November 3, 2023

Shibarium’s success lies in its robust performance, making it the most utilized L-2 network in terms of providing seamless transactions to users. Outshining competitors, Shibarium has remained active and dynamic, with users consistently initiating transactions on the platform.

While Shiba Inu has often been labeled a “memecoin,” characterized by its playful dog-themed branding and community-driven nature, it’s important to note that the term doesn’t diminish its impact. Despite originating as a meme, the token has evolved beyond its initial classification.

With a dedicated community and initiatives like the Shibarium L-2 solution, Shiba Inu demonstrates resilience and innovation in the crypto-space. The “meme coin” label may overlook the substantial developments within the Shiba Inu ecosystem, reflecting a broader shift in perception from a meme-based token to a dynamic player in the cryptocurrency market.

Curious as to whether SHIB could break free of the public perception of being labelled a memecoin, I asked ChatGPT about it. The results were interesting –

ChatGPT seems to think Shiba Inu’s association with meme coins, stemming from its meme-inspired origins, doesn’t confine its potential. Labels are limiting, and Shiba Inu, like a metaphorical jailbreaker, has the tools to transcend them. The key lies in visionary leadership, ongoing innovation, and a robust community.

Beyond memes, Shiba Inu has the capacity to redefine its narrative, becoming a substantial force in the crypto-realm. The power is vested in those who recognize its disruptive potential. So, rather than viewing it through the lens of a meme coin, Shiba Inu has the opportunity to rewrite its story and emerge as a formidable player.

Shiba Inu’s meteoric rise finds roots in the dual engines of influential endorsements and a fervent community. Elon Musk, the tech magnate with a penchant for crypto, significantly impacted Dogecoin and Shiba Inu’s trajectory through his tweets and TV appearances. His endorsements, even mentions, created a ripple effect, drawing attention to the meme-inspired token. This phenomenon, often dubbed the “Elon Effect,” illuminated Shiba Inu in the crypto-sphere.

Yet, the community’s role was equally pivotal. The Shiba Inu community, characterized by passionate holders, actively propagated the token’s appeal. Social media platforms became virtual battlegrounds for Shiba enthusiasts, amplifying the token’s visibility. The strong community support fortified Shiba Inu against market fluctuations and skepticism, creating a self-sustaining ecosystem.

I hovered over to ChatGPT for the AI’s take on this. Curiously enough, the response suggested much more.

ChatGPT seems to think the Shiba Inu phenomenon reflects a shared aspiration to challenge the established financial order, seeking novel avenues for wealth creation. While influencers and communities act as catalysts, the fervor is sustained by a fundamental desire for change and an exploration of uncharted territories in the crypto landscape.

It is a reminder that beyond the hype lies a profound quest for redefining financial paradigms. There also seems to be a passion in embracing the transformative potential of decentralized technologies. Shiba Inu, in essence, becomes a symbol of this collective journey toward a decentralized and dynamic financial future.

Source: SHIB/USD, TradingView

SHIB was trading at $0.00000822 at press time. The memecoin has risen more than 20% since the recent bull run began mid-October.

While its Relative Strength Index (RSI) rested a little above the neutral 50-level, its Money Flow Index (MFI) rested a little below it. It suggested the current price rally for SHIB might continue—at least, in the short run.

I asked ChatGPT to predict SHIB’s price within a week, given its current price.

The AI bot predicted SHIB to rise to $0.000009 within a week—a rise of less than 10% on the part of SHIB over the next seven days. It’s a reasonable expectation by all means.

I then asked ChatGPT to predict SHIB’s price towards the end of 2024.

The bot forecasted a price of $0.00002 for SHIB by the end of 2024—a 2.5x rise within a year. I must say it’s a very reasonable estimate, given ChatGPT’s frequent forecasts of exceedingly high price surges.

Any crypto enthusiast following SHIB would have definitely wondered, “Will SHIB reach $1?” Or even, $0.1. Considering the latter scenario which seems more likely than the former, I wondered if ChatGPT would be equally positive about it as I was.

ChatGPT’s response was too ambiguous to say the least. It said making predictions about the price of cryptocurrencies like Shiba Inu is akin to navigating uncharted waters. The crypto market’s volatility and myriad influencing factors make it a challenging task. While it’s within the realm of possibility for Shiba Inu to reach $0.1, it’s critical to approach such forecasts with caution.

How much are 1,10,100 SHIBs worth today?

The unpredictability of the crypto-market indicates that success hinges on various dynamic factors, such as community support and broader market trends.

Although Shibarium has performed admirably, it may take some time for Shiba Inu to reach the $0.01-price mark. The AI bot expected Shiba Inu’s price to reach $0.00002 by the end of 2024.

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  • 08.10.23 01:30 davec8080

    The "Shibarium for this confirmed rug pull is a BEP-20 project not related at all to Shibarium, SHIB, BONE or LEASH. The Plot Thickens. Someone posted the actual transactions!!!! https://bscscan.com/tx/0xa846ea0367c89c3f0bbfcc221cceea4c90d8f56ead2eb479d4cee41c75e02c97 It seems the article is true!!!! And it's also FUD. Let me explain. Check this link: https://bscscan.com/token/0x5a752c9fe3520522ea88f37a41c3ddd97c022c2f So there really is a "Shibarium" token. And somebody did a rug pull with it. CONFIRMED. But the "Shibarium" token for this confirmed rug pull is a BEP-20 project not related at all to Shibarium, SHIB, BONE or LEASH.

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  • 27.08.24 12:50 James889900

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  • 02.09.24 20:24 [email protected]

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  • 06.09.24 01:35 Celinagarcia

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  • 06.09.24 01:44 Celinagarcia

    HOW TO RECOVER MONEY LOST IN BITCOIN/USDT TRADING OR TO CRYPTO INVESTMENT !! Hi all, friends and families. I am writing From Alberton Canada. Last year I tried to invest in cryptocurrency trading in 2023, but lost a significant amount of money to scammers. I was cheated of my money, but thank God, I was referred to Hack Recovery Wizard they are among the best bitcoin recovery specialists on the planet. they helped me get every penny I lost to the scammers back to me with their forensic techniques. and I would like to take this opportunity to advise everyone to avoid making cryptocurrency investments online. If you ​​​​​​have already lost money on forex, cryptocurrency or Ponzi schemes, please contact [email protected] or WhatsApp: +1 (757) 237–1724 at once they can help you get back the crypto you lost to scammers. BEST WISHES. Celina Garcia.

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  • 23.09.24 18:56 matthewshimself

    At first, I was admittedly skeptical about Worldcoin (ref: https://worldcoin.org/blog/worldcoin/this-is-worldcoin-video-explainer-series), particularly around the use of biometric data and the WLD token as a reward mechanism for it. However, after following the project closer, I’ve come to appreciate the broader vision and see the value in the underlying tech behind it. The concept of Proof of Personhood (ref: https://worldcoin.org/blog/worldcoin/proof-of-personhood-what-it-is-why-its-needed) has definitely caught my attention, and does seem like a crucial step towards tackling growing issues like bots, deepfakes, and identity fraud. Sam Altman’s vision is nothing short of ambitious, but I do think he & Alex Blania have the chops to realize it as mainstay in the global economy.

  • 01.10.24 14:54 Sinewclaudia

    I lost about $876k few months ago trading on a fake binary option investment websites. I didn't knew they were fake until I tried to withdraw. Immediately, I realized these guys were fake. I contacted Sinew Claudia world recovery, my friend who has such experience before and was able to recover them, recommended me to contact them. I'm a living testimony of a successful recovery now. You can contact the legitimate recovery company below for help and assistance. [email protected] [email protected] WhatsApp: 6262645164

  • 02.10.24 22:27 Emily Hunter

    Can those who have fallen victim to fraud get their money back? Yes, you might be able to get back what was taken from you if you fell prey to a fraud from an unregulated investing platform or any other scam, but only if you report it to the relevant authorities. With the right plan and supporting documentation, you can get back what you've lost. Most likely, the individuals in control of these unregulated platforms would attempt to convince you that what happened to your money was a sad accident when, in fact, it was a highly skilled heist. You should be aware that there are resources out there to help you if you or someone you know has experienced one of these circumstances. Do a search using (deftrecoup (.) c o m). Do not let the perpetrators of this hoaxes get away with ruining you mentally and financially.

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  • 31.10.24 00:13 ytre89

    Can those who have fallen victim to fraud get their money back? Yes, you might be able to get back what was taken from you if you fell prey to a fraud from an unregulated investing platform or any other scam, but only if you report it to the relevant authorities. With the right plan and supporting documentation, you can get back what you've lost. Most likely, the individuals in control of these unregulated platforms would attempt to convince you that what happened to your money was a sad accident when, in fact, it was a highly skilled heist. You should be aware that there are resources out there to help you if you or someone you know has experienced one of these circumstances. Do a search using (deftrecoup (.) c o m). Do not let the perpetrators of this hoaxes get away with ruining you mentally and financially.

  • 02.11.24 14:44 diannamendoza732

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  • 12.11.24 00:50 TERESA

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