Shiba Inu: AI Predicts SHIB Price For February 1, 2024

Shiba Inu (SHIB) has had a difficult start to the new year. The popular memecoin is down by 2.1% in the last 24 hours, 6.7% in the 14-day charts, and 13.6% over the previous month. Since January 2023, SHIB’s price has fallen by more than 24%. The asset took a hit after the recent crypto market sell-off, likely due to investors selling their Grayscale GBTC shares.

Source: CoinGecko

Also Read: Shiba Inu: When Can SHIB Reclaim its All-time High of $0.000086?

However, despite the recent correction, SHIB’s price may rally over the next few days.

AI predicts Shiba Inu’s (SHIB) price for February 1, 2024

Shiba Inu: What Will You Do If SHIB Reaches $0.01?

According to PricePredictions’ machine learning algorithm, SHIB’s price may surge to $0.000011 on February 1. The price rise would translate to a growth of about 21.4% from current levels.

Furthermore, PricePredictions anticipates SHIB to continue rallying till at least February 17.

Source: PricePredictions

Changelly, on the other hand, predicts Shiba Inu’s (SHIB) price to fall to $0.000008532 on February 1, a decline of about 5.8% from current levels. The platform anticipates SHIB to trade between $0.000009 and $0.000008 throughout February, hitting a high of $0.000009888 on February 26.

Also Read: Shiba Inu: These SHIB Investors Made Over $1 Million, Here is How

CoinCodex expects SHIB’s price to rise to $0.000009151 on February 1, an increase of around 1.02% from current levels. CoinCodex also predicts SHIB to trade between $0.000009 and $0.000008 throughout February.

Source: CoinCodex

Neither Changelly nor CoinCodex expects SHIB to delete a zer anytime soon.

Also Read: Shiba Inu: See What 10M, 100M SHIB Could Earn at $0.0009 or $0.009 Prices.

Shiba Inu’s (SHIB) price has struggled throughout 2023, and its lackluster performance seems to follow the project into the new year. However, the team has revealed a new automated burn mechanism for its layer-2 network Shibarium, which could help push the token’s price.

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