Shiba Inu: 👉AI Predicts SHIB Price For February 1, 2024 #SHIB💥 #BTC Hold Shiba inu coin 🚀
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.
However, despite the recent correction, SHIB’s price may rally over the next few days.
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.
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.
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.
Neither Changelly nor CoinCodex expects SHIB to delete a zer anytime soon.
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.
