Shiba Inu Coin (Shiba Inu): ChatGPT predicts a 10-fold increase by the end of the year

Since its launch in August 2020, Shiba Inu Coin (Shiba Inu) has become one of the most prominent meme coins behind Dogecoin, with its functional use cases and a market value exceeding $8.1 billion.

The price of Shiba Inu Coin (Shiba Inu) currently stands at 0.00001384$ , with an increase of 4.3% in the last 24 hours and 14.1% over the past week, approaching a breakthrough of two ascending technical patterns: the descending wedge extending from November to March and the ascending flag pattern formed since mid-May. This makes its expected target at the next important resistance level of 0.000022$ and possibly reaching 0.00003$ if it continues to gain momentum. This is likely what prompted the ChatGPT model to predict a strong surge towards 0.0001$ before the end of the year, representing an increase of over 7 times compared to its current level.

This positive outlook is based on the development the project has witnessed, as it has transitioned from merely a meme coin to a technical system focused on functional use cases. It is worth noting that the coin is built on the Ethereum blockchain, but it has improved its scalability through its own Layer 2 solution, Shibarium, which provides faster transactions and lower fees, along with broader support for decentralized applications, in addition to offering additional privacy-related features.