Shiba Inu is currently trading at the $0.000008829 level and is struggling to maintain its presence trading with four zeroes. SHIB deleted its fifth zero early this year after the SEC approved the Bitcoin ETF in mid-January 2024. However, it slumped in price thereafter falling to five zeroes again, and is now trading in the red for three consecutive days. This puts SHIB in a spot as its price is struggling to climb in the indices and is testing the patience of its investors.
Also Read: Shiba Inu: 3 Things Are Stopping SHIB From Hitting $0.01
Now that SHIB is finding it hard to delete its fifth zero, can it turn the tables around and begin to rally in 2024? In this article, we will highlight a price prediction stated by an AI on how high or low Shiba Inu can trade in 2024.
Shiba Inu: An Upswing of 250% For SHIB In 2024, Predicts AI
Grok AI, developed by xAI which is a subsidiary of X (formally Twitter) and idealized by Elon Musk has predicted that Shiba Inu could rise by 250% in 2024. The AI tool has a growing popularity among cryptocurrency investors for its price prediction models.
Also Read: Shiba Inu: You Could Have Made $3 Million With Less than $500
According to the forecast from Grok, if SHIB rallies in 2024, it could reach a high of $0.000030. That’s an uptick and return on investment (ROI) of about 250% from its current price of $0.000008829.
Therefore, an investment of $10,000 could turn into $35,000 if the forecast turns out to be true. Nonetheless, on the flip side, Grok AI predicts that if the markets turn choppy, SHIB could fall to the $0.000006 level. That’s a downturn of approximately 30% from its current price.
Also Read: Shiba Inu: How Much Will $1000 in SHIB Today Be Worth in 2030?
However, there is no guarantee that SHIB could rise by 250% this year in 2024. The cryptocurrency market is highly volatile and swings both ways delivering severe losses to investors. It is advised to do thorough research before taking an entry position into SHIB at the moment.
