The world has witnessed the increasing dominance of artificial intelligence [AI], with OpenAI’s ChatGPT leading the way. Following this trend, Google introduced its own AI chatbot called Bard. Many in the crypto realm have been utilizing these AI tools. The Shiba Inu [SHIB] community, in particular, has been eagerly anticipating the elimination of zeros in the price of SHIB tokens. In response to the query, “Will Shiba Inu reach the $0.01 mark?”, Google’s Bard provided its insights.
The AI tool suggested that several factors may influence the likelihood of the meme coin reaching the $0.01 mark. These factors include increased popularity and adoption of the asset, the development of practical use cases, and a potential reduction in supply. These elements could collectively contribute to the trajectory of Shiba Inu’s value towards the $0.01 milestone. Google Bard further said,
“If Shiba Inu gains more popularity and adoption, this could lead to an increase in demand and, consequently, an increase in price. This could happen if more people start using Shiba Inu as a form of payment or if more businesses start accepting Shiba Inu as payment.”
Moreover, the AI tool highlighted that negative news, limited adoption, and security concerns could act as obstacles to the price growth of the asset. While there is a possibility for the meme coin to reach the $0.01 level, external factors could significantly influence its journey. It further suggested that a comprehensive analysis of both positive and negative aspects is necessary to assess the potential outcomes for SHIB’s price.
How is the meme coin faring at the moment?
At press time, SHIB was trading for $0.000008652 with a 2% daily drop. $0.01 could certainly take a while to achieve considering the fact that SHIB is 90% below its all-time high of $0.00008845.
Is Shiba Inu a safe bet?
It looks like Google’s Bard has its guard up with regard to meme coins. Furthermore, the AI tool believes that SHIB is a risky investment. The AI tool replied,
“I think that Shiba Inu is a risky investment. It is a meme coin, which means that it was created as a joke and does not have any real underlying value. The price of Shiba Inu is highly volatile and can fluctuate wildly based on news, events, and investor sentiment. There is no guarantee that Shiba Inu will continue to appreciate in value, and investors should only invest money that they can afford to lose.”
Credit: Source link
