The post AI Shiba Inu price prediction for the end of 2024 appeared on BitcoinEthereumNews.com.

Though Shiba Inu (SHIB) has fallen far from the meme coin peaks in March 2024 – and has experience a large plunge on July 24 and 25 along with the major stock market bloodbath – it has also seen something of a resurgence by July 26. This resurgence can, to an extent, be traced to the Layer-2 solution Shibarium – officially launched in August 2023 – as it recorded a significant 15% increase in transactions on July 25. The rise came alongside an even more impressive surge, the one pertaining to new contracts on Shibarium, which rose more than 300% from 8 to 36 in just 24 hours. Such positive developments have also helped SHIB itself see an uptick in the crypto markets, and the meme coin rose 3.44% in the latest full day of trading to its press time price of $0.00001679. SHIB 1-day price chart. Source: Finbold Finally, as indicators such as the relative strength index (RSI) and the broader positive developments for Shibarium indicate the upward momentum may be kept up in the near future, Finbold decided to look farther ahead and consult some of the most advanced artificial intelligence (AI) models on where SHIB may stand at the end of 2024. AI analyzes likely SHIB price at the end of 2024 The most prominent AI model – OpenAI’s advanced ChatGPT-4o – has taken a relatively bullish stance on SHIB, given that it set the year’s end price target for the cryptocurrency at $0.00003. The model justified its prediction by citing market sentiments, technological developments, and the string of positive news pertaining to crypto markets in general, such as the Bitcoin (BTC) and Ethereum (ETH) exchange-traded fund (ETF) approvals. ChatGPT-4o SHIB price target for the end of 2024. Source: Finbold & ChatGPT-4o ChatGPT-4o’s lighter cousin – ChatGPT-4o…

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Filed under: News - @ July 26, 2024 4:24 pm