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Shiba Inu To $0.001? Google Bard Predicts When SHIB Could Hit 0.1 Cents

source-logo  thecryptobasic.com 15 December 2023 08:23, UTC

Shiba Inu (SHIB) has good prospects for growth with its artificial intelligence (AI) chatbot. Google Bard recently teased that the altcoin might hit a price of $0.001.

Readers should know that:

  • $0.001 is 0.1 cent.
  • $0.01 is 1 cent.
  • $0.1 is 10 cents.
  • $1 is 100 cents.

Despite the massive buzz and impressive adoption level it recorded this year, Shiba Inu has not seen a commensurate level of growth.

In the past three months, the token has only risen by 35.34%, a figure that is low when compared to its less-known alternatives like PEPE, with over 116% surge in the same time span.

However, this gloom has not dampened the optimism in the Shiba Inu ecosystem, as staunch proponents believe the token can hit $0.001 and even $0.01 sometime in the future. SHIB is trading at $ 0.00001004, up 4.57% overnight. The market cap is worth $5.92 billion, while the trading volume has surpassed $ 206 million.

Shiba Inu to $0.001: Google Bard’s Take

Though the AI chatbot acknowledged the difficulty in predicting the future price of Shiba Inu owing to its volatility, it expressed optimism in the coin’s abilities to $0.001.

In our inquiry, Bard chose to hinge on previous forecasts from analysts claiming the token could hit that ambitious mark anytime between 2030 and 2040.

The chatbot justified why it leaned towards this narrative on three basic factors: the general crypto market growth, the Shiba Inu ecosystem development, and the adoption of SHIB by top institutions.

Shiba Inu Growth Prospects | Google Bard

These three factors have deeper undertones than what Bard highlighted. For instance, the Shiba Inu ecosystem has remained consistent in its ecosystem development since its inception.

This commitment to growth has seen it launch Shibarium, and other innovations are now pushing the prospects of how much Shiba Inu could achieve with its technologies.

SHIB Growth Blockers Spotted

Away from the positive factors Google Bard highlighted, the AI chatbot also named some key drawbacks that might ultimately impact SHIB’s ride to $0.001.

These factors include regulatory uncertainty, competition from other cryptocurrencies with better tech, and the high circulating supply.

While the Shiba Inu ecosystem development team cannot change the regulatory landscape alone, they continue to upgrade the protocol while developing a comprehensive deflationary measure through massive token burning.