Shiba Inu has been one of the most talked-about cryptos recently due to the launch of the Shibarium blockchain. The launch was initially unsuccessful, but the Shibairum developers issued a relaunch, and the layer 2 blockchain is now fully functional.
OpenAi’s ChatGTP has weighed in on the future of SHIB, providing its price forecasts between 2023-2030.
Moreover, the language model has also made predictions on two other trending cryptos – Wall Street Memes and Sonik Coin.
SHIB Price Struggles After Crossing Below 50-Day EMA
Despite its fundamental advancements, Shiba Inu’s price has faced difficulty recently.
After a significant sell-off in early 2023, the price climbed in anticipation of the Shibarium release. However, the botched launch led to a drastic sell-off, causing SHIB to cross below the 50-day EMA for the first time since March, and it has been unable to reclaim the level since.
It is worth noting that SHIB lost 50% of its value following crossing the 50-day EMA last time.
Moreover, the August sell-off has caused SHIB to break a short-term bullish trend line (in green), increasing the likelihood of another leg down.
Following its last sell-off, Shiba Inu found support at $0.00000657, making this a critical level that Shiba Inu bulls must defend to provide a more drastic sell-off.
However, strong bullish momentum at this level would create a double bottom, a prevalent sign of a trend reversal, which could signify the beginning of a Shiba Inu bull run.
ChatGPT Forecasts Potential 6X Growth for Shiba Inu in 2023
Regardless of its current bearish price action, ChatGPT predicts SHIB could reach between $0.00003 and $0.00005 in 2023. Based on its current price of $0.0000081, ChatGPT’s maximum expected price would result in a more than a 6x increase from its current price.
The language model also predicts continued growth throughout 2024 and 2025, citing hype, recognition and ecosystem growth as the key price drivers and highlighting that the price may become more stable by 2025.
Moving to 2030, ChatGPT forecasts SHIB could reach highs of $0.00015. This would equate to more than 18x from its current price (or a 1751.85% increase).
The forecast highlights utility and ecosystem growth as key long-term drivers for SHIB, stating that it could become more than just a meme coin if it continues its current trajectory.
However, Shiba Inu’s upside is limited due to its already significant market cap and current issues regarding Shibarium. Meanwhile, ChatGPT has predicted even greater growth for two new trending meme coins.
ChatGPT Forecasts 14x Growth for Wall Street Memes
is a project at the cutting edge of meme coin culture after launching a presale already boasting one million social media followers and engagement from Elon Musk.
As such, the presale raised over $25 million within just four months, causing many pundits to speculate that it could be the next Shiba Inu or Pepe.
Due to its wildly successful presale, the Wall Street Memes team has recently secured multiple tier-one exchange listings, which will go live in less than 30 days.
Moreover, the project is running an airdrop worth $50K to be split between five winners. Each participant gets up to seven entries for tasks like following Wall Street Memes on Twitter.
Considering its success, ChatGPT has chimed in with a price prediction, forecasting where $WSM could be headed in 2023 and beyond.
According to the language model, Wall Street Memes could do over a 14x this year, reaching possible highs of $0.5. The reasoning behind the prediction is the project’s strong fundamentals, Elon’s involvement and unprecedented presale success.
The prediction also notes Wall Street Memes’ unique positioning at the cultural forefront of memes and cryptocurrency. Its main power in this sense is its established community comprising meme lovers from all walks of life.
However, with Wall Street Memes’ tier-one exchange listings less than a month away, time is running out to buy the $WSM token at its discounted presale price.
Visit Wall Street Memes Presale
ChatGPT Also Bullish on Stake-to-Earn Sonik Coin
Another presale faring in high demand recently is Sonik Coin. It is a new meme coin inspired by Sonic the Hedgehog with the ultimate goal of being the fastest meme coin to reach a $100 million market cap.
This is a challenging task, considering giants like Pepe and Shiba Inu. However, the project has gotten off to an explosive start, raising over $800K despite launching recently.
Besides the nostalgic allure of relating to Sonic the Hedgehog, one of Sonik Coin’s main reasons for success has been its Stake-to-Earn mechanism.
Holders can earn passive rewards simply by staking their tokens. This also proved a lucrative formula for Stake-to-Earn crypto BTC20, which recently did a 6x following its presale.
ChatGPT has responded to the Sonik Coin presale, predicting its price potential for 2023.
The AI model forecasts possible highs of $0.00005 this year. Based on its presale price of $0.000014, this would equate to a staggering 35x growth this year.
ChatGPT alludes to its ties to Sonic the Hedgehog as “a bridge between two cherished domains”. This references the mass market appeal that Sonik Coin contains for both Sonic fans and prudent investors looking to capitalise on the latest meme coin trend.
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