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Multiple entities have presented timelines for Shiba Inu to reach audacious targets such as $0.00299 and $0.0211 if it maintains a bullish trajectory.
Shiba Inu has recovered all the losses of the past week amid the ongoing market recovery which has seen Bitcoin (BTC) reclaim the $64,000 psychological threshold. Notably, SHIB has pushed above $0.000025, eventually breaching the 50-day EMA ($0.00002452) to trade at $0.00002564.
With the recent recovery campaign, some entities have modified their projected timelines for a surge toward audacious price targets like $0.00299 and $0.0211. Discussions around such lofty targets have prevailed amid Shiba Inu’s past and current bullish momentum.
For instance, earlier this month, crypto market analyst Armando Pantoja presented price targets for several cryptocurrencies after the Bitcoin halving, including Shiba Inu. According to him, following the halving, Bitcoin could reach a price between $100,000 and $250,000 and SHIB could clinch the $0.001 price.
Projected Timelines for Shiba Inu to Hit $0.00299 and $0.0211
With targets such as this in question, crypto exchange platform Changelly recently released a report indicating an updated projected timeline for SHIB to hit these prices. According to analysts at Changelly, Shiba Inu is capable of reaching $0.001, but this target could only materialize in 2040, sixteen years from now.
In addition, these analysts hold further bullish targets for SHIB for 2040, suggesting that it could reach the $0.00299 price in February 2040. Notably, for Shiba Inu to hit the $0.00299 target, it must increase by a whopping 11,561% from its current level. Surging by 722% each year could help it claim this target by the projected year of 2040.
However, Changelly analysts are not confident Shiba Inu could claim the $0.0211 price until 2050, ten years after it is expected to reach $0.00299. Notably, they believe SHIB would hit $0.0211 in December 2050, representing an 82,193% price increase in 26 years.
Responses from Google Bard and ChatGPT
To get a different perspective, we engaged the services of Google’s AI experiment, Google Bard (now Gemini). Before presenting its hypothetical scenarios, Bard emphasized that investors should approach these projections with skepticism, as they might not reflect the reality.
The AI chatbot asserted that SHIB could reach $0.00299 in the next two to five years if it garners sufficient traction. This puts the target year to 2029. In addition, Google Bard predicted that if Shiba Inu breaks into the mainstream financial scene, it could reach $0.0211 in five to ten years, essentially 2029 to 2034.
In an effort to further analyze these predictions, we let ChatGPT scrutinize the projected timelines from Google Bard, using the JamesGPT prompt developed by Coinbase Director Conor Grogan. We asked ChatGPT to evaluate the plausibility of the timelines set by Google Bard.
Responding to this query, ChatGPT stressed that Shiba Inu hitting $0.00299 in two to five years has a 10% chance of happening. In addition, the chatbot noted that the possibility of SHIB reaching $0.0211 in five to ten years is at a 4% chance. ChatGPT confirmed that it was more than 80% confident of its evaluation.