As the crypto industry eagerly anticipates the upcoming Bitcoin halving in April, the Shiba Inu (SHIB) community is abuzz with excitement and speculation about the coin’s future performance. Notably, Google Bard’s AI-driven predictions for SHIB’s value after the halving event have garnered attention, particularly in relation to Bitcoin’s anticipated surge.
Google Bard’s analysis of the correlation between Bitcoin and SHIB prices acknowledges the complexities of predicting cryptocurrency values. However, the AI indicates a historically observed positive correlation between Bitcoin and SHIB, suggesting that as Bitcoin’s price rises, so does SHIB’s value, and vice versa. This correlation remains a significant factor in forecasting SHIB’s future value.
Bard’s predictions unveil two scenarios for SHIB’s valuation post-halving. In Scenario 1, which assumes a strong correlation between Bitcoin and SHIB, Bard speculates that SHIB could potentially reach a value of $0.00004386 based on the post-halving price of Bitcoin. On the other hand, in Scenario 2, with a weakened correlation between the two, Bard offers a more restrained estimation, setting SHIB’s projected peak price at $0.00001357. Despite the differing scenarios, both imply the possibility of a surge in SHIB’s valuation.
Current market conditions show SHIB trading at $0.000009608, having recently dipped below $0.00001 due to rumors about the SEC’s stance on spot Bitcoin ETFs. However, Bard’s foresight offers hope for SHIB holders, predicting potential benefits for SHIB as a result of the Bitcoin halving.
Considering these insights, it’s worth contemplating whether the approaching Bitcoin halving and a potential upswing in value could position Shiba Inu (SHIB) for a substantial breakthrough in the crypto market.
