In the dynamic realm of cryptocurrency, excitement and speculation reach new heights as the crypto community gears up for the impending Bitcoin halving in April. Shiba Inu (SHIB), a digital asset in the spotlight, boasts an enthusiastic community known as the SHIB army, actively engaged in forecasting the coin’s post-halving performance.
However, the noteworthy development emerges from Google Bard’s fascinating prognostications regarding SHIB’s future value. These predictions hinge on the premise that Bitcoin achieves the $200,000 milestone post the halving event. Functioning like a digital oracle, Bard, Google’s AI-driven Large Language Model, intricately explores the interplay between Bitcoin and SHIB, unveiling potential scenarios.
The impact of Bitcoin on the price of Shiba Inu (SHIB)
Let’s delve into Bard’s examination of the connection between Bitcoin and SHIB prices. The AI recognizes the inherent challenges in predicting the future value of any cryptocurrency, including SHIB, owing to various factors like market sentiment, adoption rates, and unexpected news events. Despite this complexity, Bard underscores a historically observed positive correlation between Bitcoin and SHIB.
Bard’s analysis suggests a historical trend where an increase in Bitcoin’s price tends to coincide with a rise in SHIB’s value, and conversely, a decrease in Bitcoin’s price often corresponds with a decline in SHIB’s price. While the strength of this correlation may vary over time, it remains a significant factor in forecasting SHIB’s future value.
Bard has revealed two scenarios.
Bard unfolds a narrative presenting two contrasting scenarios that explore the potential valuation of SHIB, contingent upon Bitcoin reaching the anticipated $200,000 milestone post-halving.
In Scenario 1, marked by a robust and consistent positive correlation between Bitcoin and SHIB, Bard engages in speculative analysis, suggesting that SHIB could reach the significant height of $0.00004386. This intricate calculation involves multiplying SHIB’s current market price by the quotient obtained from dividing the post-halving price of Bitcoin by its current market value.
Conversely, in Scenario 2, where the interdependence between Bitcoin and SHIB shows reduced strength, Bard adopts a more cautious stance, offering a restrained estimate. In this alternate scenario, the projected peak of SHIB’s price is set at a more modest $0.00001357. Despite the apparent disparity between the two scenarios, a common thread emerges—the undeniable potential for a surge in SHIB’s valuation, surpassing its current value.
The future trajectory for Shiba Inu (SHIB)
As the narrative unfolds, it is essential to acknowledge the current status of SHIB within Bard’s predictions. The beloved meme coin is presently traded at $0.000009608, recently dipping below the $0.00001 threshold. This decline is attributed to speculations surrounding the SEC’s rumored rejection of all applications for spot Bitcoin ETFs.
However, there is a silver lining for SHIB holders in Bard’s foresight. The AI envisions a not-so-distant future where SHIB reaps the benefits of the Bitcoin halving, potentially reaching new heights.
Considering the impending Bitcoin halving and the potential for an upswing in value, do you believe Shiba Inu (SHIB) might be poised for a substantial breakthrough?