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Shiba Inu (SHIB) could witness a sustained price appreciation that would see it eventually surge 5,174% to the $0.0005 price, according to recent projected timelines.
SHIB has not escaped the ongoing market-wide onslaught. However, the token has shown resilience. Currently trading for $0.00000948, Shiba Inu is only down 9.7% since its high of $0.00001050 on Jan. 11. However, Bitcoin (BTC) has slumped 14.8% within the same timeframe.
Despite the effects of the market collapse, SHIB has sternly defended the $0.000009 price territory, only briefly relinquishing it on Jan. 19.
The crypto asset seeks to leverage this price point as a springboard for a substantial rally when the market eventually recovers.
The latest favorable short-term metrics have triggered renewed optimism in Shiba Inu’s long-term prospects. Chants of ambitious price targets have re-entered the scene, with the $0.0005 particularly taking center stage.
However, the feasibility of these price goals remain contested. A research conducted by The Crypto Basic sought the opinions of three entities on the matter: crypto exchange service Changelly, and AI chatbots Google Bard and ChatGPT.
Changelly Predicts When Shiba Inu Could Hit $0.0005
In a report today, Changelly discussed Shiba Inu’s current price situation and its future price trajectory.
According to the Changelly research team, while Shiba Inu has managed to record a 50% win rate over the past 30 days, its sentiment remains bearish with a neutral Fear and Greed Index (FGI).
Moreover, SHIB’s volatility stands at 5.13%. Changelly is bearish on Shiba Inu’s trajectory this month, forecasting the token to end January at $0.000008196, representing a 13.5% drop from the current price and a 22% slump from the January peak of $0.00001050.
Nonetheless, the Changelly team remains confident that Shiba Inu will continue to appreciate in the long term. They expect the token to shed another zero in the next five years, projecting a maximum price of $0.0001009.
Despite the bullish sentiments, the team believes Shiba Inu might not be able to clinch the $0.0005 price goal until around 2033. They have projected a maximum price of $0.0004819 for SHIB for 2033, the closest value to the $0.0005 price.
Responses from ChatGPT and Google Bard
However, we presented AI chatbots ChatGPT and Google Bard with questions on when Shiba Inu could reach the $0.0005 price. Interestingly, Open AI’s chatbot ChatGPT presented a more bullish yet completely unrealistic projection.
According to the chatbot, SHIB could hit the $0.0005 price territory in 2025. ChatGPT claims Shiba Inu would witness widespread adoption, technological advancements and increased confidence among investors. The AI resource claims these factors would lead to the $0.0005 price next year.
We presented a similar query to Bard, Google’s experimental AI resource. Bard stressed that projecting a specific price timeline for volatile assets such as Shiba Inu is challenging.
However, it presented three possible date ranges for SHIB to hit $0.0005 based on a bearish, bullish and neutral outlook.
In the bullish case, Bard predicts SHIB to hit $0.0005 from 2025 to 2026. This bullish case could stem from the success of Shibarium and a massive ecosystem growth. For the neutral case, the chatbot sees SHIB reaching $0.0005 from 2027 to 2030.
The neutral case could materialize if Shiba Inu maintains its top position when the broader market sees a massive run.
In the bearish case, Google Bard believes SHIB could reach $0.0005 beyond 2030 if the crypto market remains stagnant. Bard suggested that at this stage, a $0.0005 is unrealistic.