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.

  • shiba inu

Comments

Post a Comment

Popular posts from this blog

Ethereum (ETH) price is aiming for $1,800 in February — Here is why

Image
ETH price is finding support at $1,560 and multiple data points are beginning to hint at a possible rally to $1,800 before the end of February. Ether (ETH) has been struggling with the $1,680 resistance since Jan. 20. Still, the ascending triangle pattern and improvements in investor sentiment in ETH derivatives provides hope that Ether price could reach $1,800 or higher by the end of February. This, of course, depends on how the Ether price behaves as it reaches the pattern deadline by mid-February.  Ether/USD price index, 12-hour. Source: TradingView From one side, traders are relieved that Ether is trading up 33% year-to-date, but the repeated failures to break the $1,680 resistance coupled with negative newsflow might give bears the power to cancel the bullish triangle pattern. According to a Jan. 30 report from Axios, New York State's Department of Financial Services is reportedly investigating Cryptocurrency Exchange Gemini over claims that the firm made regarding assets in...
Read more

Venezuela’s oil-backed cryptocurrency Petro to shut down

The Venezuelan government will reportedly shut down Petro (PTR), its state-issued, oil-backed crypto, which was subject to controversy and did not see mass adoption by citizens in the country.  According to reports, crypto wallets on the Patria website, the trading platform for Venezuela’s Petro, will cease operations on Monday, Jan. 15, with the remaining Petro converted to bolivar, the country’s fiat currency .  Petro’s demise comes nearly six years after its official launch in 2018. Venezuelan President Nicolás Maduro said at the time that the crypto will help to circumvent harsh sanctions by the US government and also help the country’s collapsing economy. You might also like: Venezuela authorities seize Bitcoin mining machines from notorious prison However, the state-issued crypto currency which was an ambitious project, failed to see widespread adoption among citizens, with the country’s legislators labeling the token as unconstit...
Read more

Top 3 Memecoins To Watch In June 2024

Image
Table of Contents PawFury (PAW): The Next Big Thing Cardano (ADA): The Smart Contract Innovator Ripple (XRP): The Payment Revolution Conclusion Meme coins are gaining traction, and June 2024 is set to be an exciting month. This article highlights the top three meme coins to watch: PawFury (PAW), Cardano (ADA), and Ripple (XRP). 1. PawFury (PAW): The Next Big Thing PawFury (PAW) is poised to be the next big thing in the meme coin world. With a presale that has already raised over $3 million and a growing Telegram community of over 30,000 members, PawFury is generating massive interest. Currently priced at $0.00844, analysts predict it could surge to $0.0200. This is your chance to get in early on a coin that’s set to explode. Don’t miss out on this golden opportunity – PawFury is the future of meme coins! 2. Cardano (ADA): The Smart Contract Innovator Cardano (ADA) is known for its unique approach to smart contracts and blockch...
Read more