The post Shiba Inu Potential Price Surge if Monthly Volume Hits $1 Trillion appeared on BitcoinEthereumNews.com.

Shiba Inu price could spike to the $0.001 territory if SHIB monthly volume grows to $1 trillion, according to assessments from OpenAI’s chatbot ChatGPT. Shiba Inu token currently trades for $0.00001461 amid a broader market downturn that has kept Bitcoin (BTC) $57,000. Despite this decline, investors continue to accumulate Shiba Inu, driven by a strong belief in an eventual price rebound.  Interestingly, analysts have set various targets for the token, influenced by multiple factors that affect the cryptocurrency market. For instance, analyst Crypto Sheriff projected an imminent Shiba Inu price surge to $0.000045. Alikze, another analyst, expects a pump to $0.000059 once the downtrend is over. Shiba Inu Price at a $1T Monthly Volume Amid this trend, we asked ChatGPT to assess Shiba Inu’s potential price if its monthly trading volume surged to $1 trillion. For context, Shiba Inu’s volume over the past month is $12.6 billion, which is about $999.874 billion short of $1 trillion. In response, the AI chatbot highlighted the relationship between trading volume and price, noting that while increased trading volume generally indicates heightened interest and potentially higher prices, the assessment, which sets a direct link to price, is not particularly straightforward.  At the time of the analysis, the current price of Shiba Inu was $0.00001461, with a monthly trading volume of $12.6 billion. ChatGPT first obtained the volume increase factor needed to reach a $1 trillion monthly volume. This factor was determined by dividing the target volume by the current volume, amounting to 79.365. The AI chatbot then assumed a direct proportional relationship between trading volume and price in terms of increase. ChatGPT suggested that the price could result from a multiplication of the current price by the volume increase factor. This would bring the target price to $0.001159, representing a 7,832% increase from the current…

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Filed under: News - @ July 7, 2024 10:14 am