Shiba Inu (SHIB) has staged a comeback this week, mirroring a broader market recovery that saw Bitcoin reclaim the $64,000 mark. SHIB surpassed $0.000025, breaching the 50-day EMA and currently trades at $0.00002564.
This bullish momentum has reignited discussions around ambitious price targets for SHIB, such as $0.00299 and even $0.0211. Earlier this month, crypto analyst Armando Pantoja predicted SHIB could reach $0.001 after the next Bitcoin halving.
Reaching for the Stars: Analysts Project Timelines
Crypto exchange Changelly recently released a report outlining potential timelines for SHIB to reach these lofty targets. Their analysts believe SHIB can hit $0.001 by 2040, a sixteen-year timeframe. They envision a further climb to $0.00299 by February 2040, requiring a staggering 11,561% increase from current levels.
Reaching $0.0211 seems even more distant, with Changelly analysts predicting December 2050 as a possible arrival date. This translates to an 82,193% price increase over 26 years.
AI Perspectives Offer Different Timelines
For a contrasting viewpoint, Google’s AI experiment, Bard (now Gemini), was consulted. While emphasizing the speculative nature of price predictions, Bard offered its own hypothetical scenarios.
Bard suggests SHIB could reach $0.00299 within the next two to five years (by 2029) if it gains significant traction. Additionally, it predicts SHIB could hit $0.0211 in five to ten years (2029-2034) if it achieves mainstream adoption.
ChatGPT Casts Doubt on Short-Term Targets
ChatGPT, another AI language model, was employed to assess the plausibility of Bard’s timelines. According to ChatGPT, there’s only a 10% chance of SHIB reaching $0.00299 in two to five years. Similarly, the possibility of reaching $0.0211 within five to ten years is deemed to have just a 4% chance.
Investor Caution Advised
The contrasting perspectives highlight the inherent uncertainty in price predictions, especially for long-term targets. Investors should approach such forecasts with a critical eye and conduct thorough research before making investment decisions.