Important to Read: SHIB Predictions That Will Rise During the Bitcoin Halving

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Bittime - The nearness of the highly anticipated Bitcoin Halving date in April 2024 has sparked increased speculation about how it will affect the cryptocurrency market as a whole. Investors and market observers are now waiting to see how price movements will react to this event, especially when it comes to altcoins like Shiba Inu (SHIB).

Also Read : Buy Bitcoin Before or After the Halving? Here's the Guide!

This altcoin has attracted the attention of many people because of its strong correlation with Bitcoin price movements at critical times like these.

Leveraging Artificial Intelligence for Price Prediction 

One tool that has joined in discussing the future prospects of SHIB is Google Gemini, formerly known as Bard. Gemini, an AI chatbot developed by Google, has come up with potential analysis by leveraging historical data and the correlation between Bitcoin and altcoins like SHIB.

By considering several different scenarios based on Bitcoin price targets after the cut, Gemini paints an interesting picture of the possible future price of SHIB.

Scenario 1: Bitcoin Hits $100,000

• Conservative Estimates: Gemini predicts a 108% increase for Shiba Inu, potentially reaching $0.00002, helping SHIB clear the zero that has been an obstacle since the start of the year.
• Moderate Projection: In this scenario, Shiba Inu could rise to $0.00004, representing a 316.6% surge.
• Optimistic Perspective: Gemini's most optimistic forecast sees Shiba Inu (SHIB) reaching $0.00006, a whopping 525% growth.

Scenario 2: Bitcoin Hits $150,000

• Conservative Estimate: With an anticipated increase of 264.5%, Gemini suggests SHIB could trade at $0.000035.
• Moderate Projection: In this scenario, Gemini estimates a potential price of $0.00007, indicating an upside of 629.1%.
• Optimistic Perspective: In the best-case scenario, Gemini predicts SHIB will reach $0.0001, surpassing its record high and representing an impressive 941.6% growth.

Scenario 3: Bitcoin Hits $250,000

• Conservative Estimate: If Bitcoin hits $250,000, Gemini predicts SHIB could hit $0.00007, marking a 629.1% upside.
• Moderate Projection: This scenario suggests a potential increase of up to $0.00013, representing an incredible growth of 1,254.1%.
• Optimistic Perspective: The most optimistic perspective sees SHIB surging to $0.00021, an incredible growth of 2,087.5% from the current price.

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Important Considerations It is important to recognize that these forecasts are speculative and need to be taken with caution. Although Google Gemini can quickly process large amounts of data, the crypto market is volatile and can change direction without notice.

Also Read ChatGPT vs Grok AI: The Battle of Two AI Giants in the World of Conversation

The Future of SHIB While the future of SHIB remains uncertain, leveraging AI tools like Gemini can provide valuable insight into potential price scenarios. However, it is important to approach these forecasts with caution and remember that many factors can influence the market.

How To Buy Shiba (SHIB) With Bittime

You can buy and sell Shiba (SHIB) in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

Shiba (SHIB) is available on Bittime with SHIB/IDR pairing.

To be able to buy SHIB tokens on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn How to Buy Shiba (SHIB) on Bittime.

Monitor price chart movements of Shiba (SHIB), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.