Machine Learning Algorithm Predicts Shiba Inu Price
The machine learning algorithm at CoinCodex has forecasted where the Shiba Inu price will be in a month. The prediction is bullish, indicating that the meme coin could reach one of its highest levels in three months.
Algorithm Forecasts Shiba Inu Price Increase
Shiba Inu is expected to experience another impressive breakthrough as a machine learning algorithm predicts a price surge. According to CoinCodex, the algorithm anticipates the Shiba Inu price to reach $0.000009363 in a month, which could result in a 10% increase from its current price level in early December.
Despite the bullish December prediction, the machine learning algorithm’s 5-day forecast puts the Shiba Inu price at around $0.000007879, lower than its current level of $0.0000085.
The long-term predictions by the machine learning algorithm show varying degrees of bullishness and bearishness. It expects the price to reach a high of $0.00001963 in 2024 and close to its previous all-time high in 2025 at $0.00006711.
However, it also predicts a downturn that could wipe off at least 50% of the predicted all-time high for 2025 in 2026. Subsequent years show fluctuations but do not expect the price to be lower than it is now, indicating that now may be an opportune time to buy SHIB.
SHIB Enters A Profitable Quarter
According to data on the CoinCodex website, historical data suggests that Shiba Inu has entered what is typically considered a profitable quarter. On average, Q4 performances for SHIB have resulted in a 99.15% increase by year-end, potentially bringing good returns for investors.
Q1 and Q2 have proven to be even more profitable for SHIB, with an average of 26,440% and 3,546% returns respectively. This indicates that SHIB could transition from one profitable quarter into another.
Currently, the SHIB price is steady above $0.000085 and is seeing gains on both daily and weekly charts.
Hot Take: Shiba Inu’s Future Looks Promising
The predictions by CoinCodex’s machine learning algorithm paint an optimistic picture for the future of Shiba Inu. With potential price increases and historically profitable quarters, now might be an opportune time for investors to consider SHIB as an investment option.
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