Experts now share their surprising price targets for SHIB, ranging between 90% and 190% gains within the next six months.
Market experts and AI chatbots have shared their forecasts for Shiba Inu’s price over the next six months.
Despite a recent recovery, the market is still experiencing losses, with SHIB dropping 3.26% in the last 24 hours and a more significant decline of 11.9% over the past week.
This downturn reflects a broader market trend, with only Solana and Tron showing gains among the top 20 cryptocurrencies.
Nevertheless, investor sentiment remains optimistic, with many anticipating a resurgence in the bull market.
According to data from CoinMarketCap, the sentiment within the Shiba Inu community is overwhelmingly positive, with 88% of participants expressing bullish views based on 36,744 votes.
Amid this optimistic sentiment, projections for Shiba Inu’s price vary.
A recent report from the cryptocurrency exchange resource Changelly suggests a mildly bullish outlook.
Analysts at Changelly reaffirmed their positive stance, estimating a 90% likelihood of upward movement.
They also noted that the SHIB Fear and Greed Index (FGI) currently stands at 65, indicating a sense of greed among investors.
Currently priced at $0.00001688, Changelly analysts expect Shiba Inu to reach approximately $0.00001908 by the end of October, representing a 13% increase.
However, they anticipate a correction in November and December, with SHIB potentially ending 2024 below $0.000019.
Interestingly, they predict that Shiba Inu’s bullish momentum may not materialize until 2025, suggesting an average price of $0.00003510 by April 2025, which would be a 107% increase from its current price.
In contrast, the AI chatbot ChatGPT offers a more optimistic outlook for Shiba Inu.
When queried, it proposed three speculative scenarios for the token’s price over the next six months.
ChatGPT believes that a broader market rally could propel Shiba Inu to a price range of $0.000025 to $0.000030 by April 2025.
Furthermore, the chatbot indicated that advancements within the Shiba Inu ecosystem, such as developments related to Shibarium and other projects, could drive the price even higher.
In this scenario, ChatGPT anticipates SHIB could reach between $0.000030 and $0.000040 in the next six months.
Lastly, considering the potential impact of macroeconomic conditions, if liquidity increases in the crypto market, ChatGPT sees Shiba Inu possibly hitting between $0.000040 and $0.000050 by next April.
Achieving a price of $0.000040 would require a 137% increase from the current level, while reaching $0.000050 would necessitate a 196% rise.
While these projections are promising, it’s important to remember that they are speculative and not guaranteed.
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Also Read: Analyst Now Predicts A 5,000% Rally For SHIB
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