I queried ChatGPT Shiba Inu’s price prediction, it amused me with this answer
The Shiba Inu [SHIB] token has undergone remarkable expansion in recent years, a truly impressive accomplishment considering its origins as a mere meme coin.
As of this writing, Shiba Inu [SHIB] was ranked as the 14th biggest cryptocurrency by market cap, according to data from CoinMarketCap. Although the token’s usefulness has faced doubts previously, the launch of its metaverse and Shibarium may have resolved those concerns.
Our in-house AI specialist, ChatGPT, sheds light on the fundamental features of an impeccable metaverse. But that’s not all; ChatGPT also ventured to predict SHIB’s forthcoming price trends, and its perspective is intriguing.
Shiba Inu enters the Metaverse
On March 15, Shiba Inu announced the opening of the shib.io website, which is the portal for its Metaverse. The launch came after months of planning and selling Metaverse territories. Following the launch of the new site, the SHIB community welcomed another platform that may provide utility to the SHIB token. The Shiba Metaverse’s functionality could be added to the Shibarium testnet, which was recently released.
We chose to ask our AI friend, Chat GPT, its opinion about the Metaverse in light of its increasing popularity and Shiba’s introduction of its version. It produced some intriguing results.
Regardless of its design or purpose, ChatGPT specified seven characteristics that an ideal Metaverse should contain, which were helpful. Accessibility, Interoperability, immersiveness, Creativity, and Innovation are just a few characteristics ChatGPT listed as desirable in a Metaverse. One would potentially be inclined to concur that these are truly fundamental based on the list the AI produced.
So, is the Shiba Inu Metaverse an ideal Metaverse?
ChatGPT quickly pointed out its limitations in learning enough about the Shiba metaverse when responding to this query. By this time, aren’t we all Chat GPT? Especially since little information about the Shiba metaverse is available.
And yet, it was able to respond that it has a welcoming environment and scored highly on creativity and innovation. Even so, it remains unclear about its accessibility and interoperability.
Exploring the possible roles of AI in the Metaverse
AI can make user experiences more realistic and compelling because the Metaverse is essentially a digital ecosystem replicating the actual world. Making more perceptive and intelligent virtual assistants is one potential use of AI in the Metaverse. These assistants could make it simpler and more effective for users to move about the Metaverse. Additionally, it can aid them to discover information and communicate with others.
Additionally, AI can also be utilized to develop more complex and convincing virtual characters, heightening the Metaverse’s immersion and realism. By integrating machine learning and natural language processing, these characters may engage with consumers more naturally and intuitively. A more seamless and engaging experience may be produced through this.
Furthermore, automating numerous jobs and procedures, such as moderation, content generation, and customer assistance are more potential applications of AI in the Metaverse. The effort of human moderators and authors might be lessened as a result, and the overall caliber and consistency of the content in the Metaverse might also be improved.
That being said, you might wonder whether AI can predict the future of any token or coin.
Can SHIB cross $1 by December 2023?
When this inquiry was hurled at ChatGPT, it could not provide a definitive response, even in its liberated state. This is not surprising, as predicting any price fluctuation requires significant historical data to initiate the process. Nevertheless, in its reply, while not pinpointing a precise figure, it acknowledged that SHIB has the potential to soar in the days ahead. This assertion was founded based on the cryptocurrency’s market capitalization surge in the past.
A glance at SHIB’s past market capitalization movement reveals a flurry of actions. According to CoinMarketCap, the cryptocurrency’s market cap surged to over $13 billion in 2021 but eventually stabilized at approximately $3 billion. However, in October 2021, its market cap skyrocketed again, surpassing $40 billion, before gradually tapering off. SHIB boasts a market cap of over $6 billion, which is about $3 billion more than its initial valuation.
To delve deeper, I presented ChatGPT with specific metrics, including the current SHIB price and the Relative Strength Index. Despite the added information, the language model could still not produce a precise projection for future SHIB prices. However, it did provide a short-term forecast based on the Relative Strength Index.
Viewing SHIB in a six-hour timeframe
As of this writing, on a six-hour timeframe, Shiba Inu (SHIB) appeared to be experiencing a tug-of-war between sellers and buyers. Despite this, it increased by over 1%, with a trading value of approximately $0.00001.
Furthermore, there was a small pause in price fluctuations, as its price action almost crossed above its short Moving Average (yellow line).
However, its long moving average (blue line) remains significantly higher than the price action, implying the presence of weak price momentum.
Moreover, the minor upward trend in price propelled SHIB into a bullish trend according to its Relative Strength Index. The RSI on the shorter timeframe rose above the neutral line, indicating a transition from a bearish to a bullish zone.
Conclusion
As a parting inquiry, I directed ChatGPT’s attention toward the Shiba Inu community rather than the project itself. In response, the AI had nothing but high praise for the community.
Nonetheless, the practicality of the latest innovations to SHIB remains to be determined. However, if we consider the subtle signals given by ChatGPT, it is possible that SHIB still has the potential to soar to new heights.
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