As we reported at Kriptokoin.com , the recent US elections have greatly excited the cryptocurrency markets. This positive atmosphere was quickly reflected in the Shiba Inu (SHIB) price. Currently trading at $0.00001908, SHIB has increased by 6% in the last 24 hours. Investors believe that this rise will continue. However, they think that SHIB will reach new record levels. The price action is in line with the general trend of the crypto market. According to analysts, if SHIB maintains its current momentum, the price will rise to $0.00005685.
Shiba Inu Technical Analysis: Price Targets and Critical Levels
Market analyst Alex Clay has detailed two key price targets for Shiba Inu. Clay noted that SHIB recently completed a pattern called the “Falling Wedge.” This pattern is typically seen as a bullish signal following a downtrend. Clay noted that SHIB breaking above the $0.00001833 level is a critical development. This level is sending a strong buy signal to investors.
The first price target, determined as $ 0.00003710, stands out as one of the Fibonacci retracement levels. This target is considered as SHIB’s intermediate resistance point. The second price target is $ 0.00005685. This level coincides with the 0.618 Fibonacci retracement level and it is estimated that selling pressure will intensify here. Clay stated that investors should review their strategies at these levels.
How AI Models See the Shiba Inu Future
AI models offer quite optimistic predictions for the future price performance of the Shiba Inu. However , ChatGPT evaluated the SHIB price according to three different scenarios. In moderate market conditions, it predicted that the price of SHIB will move between $0.00009555 and $0.0001911. In a more positive scenario, the price will range between $0.00028665 and $0.0003822.
According to the most optimistic scenario, SHIB will rise to $0.0005733. However, these predictions are constantly increasing investors’ interest in SHIB. On the other hand , Google Gemini presented an analysis based on SHIB’s market value. If SHIB’s market value reaches $100 billion by 2025, it predicted that the price would rise to $0.0001. These predictions are also supported by many crypto experts.
Project SHIB: New Goals in Blockchain
Shiba Inu lead developer Shytoshi Kusama has laid out an ambitious vision for the blockchain world. Kusama aims to make the US a blockchain innovation hub with a project she calls SHIB. She estimated the total cost of the project at $2.35 billion. The initiative aims to create a large technology hub by combining both physical and digital infrastructure. The project aims to create 20,000 new jobs and generate an annual economic contribution of $5 billion.
It also aims to educate young people about blockchain technology and bring them into the industry. Kusama’s vision is to make the US a global leader in the blockchain space. This project plans to attract blockchain companies to the US with regulatory conveniences and tax incentives. The innovative approach is likely to make the US the center of the crypto world. This also supports long-term economic growth.
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