Google Bard, an artificial intelligence project created by Google, has provided insights into the anticipated price movements of Shiba Inu (SHIB) in the aftermath of the forthcoming Bitcoin (BTC) halving scheduled for April of the following year. The AI chatbot’s prognostications are rooted in the historical patterns associated with the correlation between altcoins and Bitcoin.
Significantly, Bitcoin’s predominant influence on the overall market trajectory continues, given its status as the foremost cryptocurrency. Google Bard’s projections for Shiba Inu take into account various factors, some specific to the dog-themed project and others linked to the broader market conditions. The chatbot has factored in numerous post-halving Bitcoin price forecasts, particularly focusing on optimistic predictions ranging from $100,000 to $250,000.
Shiba Inu on the Rise
The AI proposes that in the event Bitcoin attains a value of $100,000, SHIB stands to experience a substantial uptick in its worth. It outlines multiple scenarios outlining potential trajectories for the asset’s price. Currently trading at $0.00001043, Google Bard suggests that if Bitcoin reaches $100,000, Shiba Inu could escalate to $0.00003185, marking a 205% surge from its current valuation. A second scenario, according to the AI chatbot, envisions an even more considerable increase in Shiba Inu’s price. Bard speculates that SHIB might reach $0.00004256, translating to an impressive 309.84% surge.
In a more bullish outlook, the AI highlights a dramatic increase in SHIB’s price corresponding to every 100% rise in Bitcoin’s value. In this optimistic scenario, Shiba Inu could potentially achieve a price of $0.00005564, reflecting a remarkable 433.29% increase. Some industry observers contend that Bitcoin could reach $250,000 post the 2024 halving. Google Bard asserts that Shiba Inu’s price prospects become even more elevated if this prediction materializes.
A less optimistic scenario suggests that, in the event Bitcoin hits $250,000, SHIB could attain $0.00007963, marking a substantial 664.66% increase from its current price. However, a balanced perspective suggests Shiba Inu might reach a new all-time high of $0.00010640, signifying an impressive 920.19% increase.
The most optimistic scenario presented by Google Bard anticipates a significant surge in Shiba Inu’s value for every 100% increase in Bitcoin’s value. In this scenario, the AI posits that SHIB could potentially surge to $0.00013856, reflecting an extraordinary 1,233% increase from its current price.
Google Bard points to historical patterns in meme coins as a source of encouragement for potential market enthusiasm surrounding SHIB. The AI draws comparisons with previous successes, such as Dogecoin, to lay the groundwork for a positive outlook. Shiba Inu has consistently generated increased attention in recent periods. Additionally, Bard anticipates that Shibarium, the layer-2 solution for the Shiba Inu ecosystem, will enhance SHIB’s scalability and transaction efficiency.
This technological advancement could attract new users and investors to the SHIB ecosystem. Finally, the AI chatbot emphasizes the ongoing burn campaign, which has bolstered the reduction of Shiba Inu tokens, potentially enhancing the value of remaining SHIB tokens by decreasing the overall token circulation.