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Prominent Shiba Inu community figure and analyst Oscar Ramos forecasts an imminent breakout for SHIB, revealing the asset’s end-of-year targets.
With just two months left before the end of 2024, crypto investors are eager to know the fate of their favorite assets, like SHIB. Amid this anticipation, Ramos provided a detailed analysis, highlighting Shiba Inu’s potential by the end of 2024.
ChatGPT End-of-Year Prediction for Shiba Inu
During his analysis, the Shiba Inu community figure referenced artificial intelligence ChatGPT-4o’s 2024 final prediction for SHIB. According to Ramos, the AI chatbot forecasted that Shiba Inu could end 2024 with a significant rally or decline.
Although ChatGPT issued the prediction on October 24, Ramos shared the forecast with his X followers earlier today. He noted that ChatGPT-4o issued two separate predictions for Shiba Inu under bearish and bullish cases.
For the bearish case, the chatbot projects that Shiba Inu might end 2024 with a 71% drawdown, potentially plunging its price to $0.000005.
Conversely, the AI chatbot forecasts that Shiba Inu’s price could increase by 76% by year-end, potentially taking it above $0.00003. Per ChatGPT, factors that could drive SHIB to reach its end-of-year target of $0.00003 include adoption, market sentiment, and Shibarium development.
Oscar Embraces ChatGPT Bullish Prediction
Reacting to the prediction, Ramos rejected the chatbot’s bearish forecast, emphasizing that he does not see Shiba Inu plunging below $0.00001 by the end of 2024.
“Shiba Inu rejected $0.00001 a few weeks ago,” he remarked.
The analyst also pointed out that Shiba Inu remained above the $0.000015 mark despite the rising geopolitical tension in the Middle East and the recent WSJ report about Tether.
Notably, Ramos embraced the bullish prediction, noting that the upcoming U.S. presidential election and other macroeconomic factors could create a favorable condition for a rally in the last two months of 2024.
Shiba Inu Could Rally in November
Furthermore, Ramos predicted that November, which he called MOONvember, would pave the way for a Bitcoin rally, benefiting altcoins like Shiba Inu. According to him, investors’ expectations of a PUMPtober (October) rally did not come to fruition. Hence, he expects November to be the month when cryptos like SHIB surge tremendously.
In his view, Bitcoin would surpass its previous all-time high record of $73,737. He suggested this rally would positively impact the altcoin market, leading to a surge in SHIB’s price.
SHIB to Surge to $0.00006
To further demonstrate his confidence in SHIB, he shared Shiba Inu’s price chart, projecting that the asset could soon reach a target of $0.00006.
At the current price of $0.00001898, Shiba Inu must surge 216.12% to hit the $0.00006 target. In the meantime, SHIB is up 3.8% over the past 24 hours and 5.7% in the last seven days at press time.