ChatGPT Predicts Timeline for Shiba Inu Return to All-Time Highs
OpenAIs ChatGPT attempts to answer when Shiba Inu price will reclaim the all-time high.46,000,000%.That's how much doggy-themed memecoin Shiba Inu (SHIB) soared in 2021, closing the year at $0.000034 from an opening price of $0.000000000073. It was no doubt among the best-performing assets of the year.It was also the year the asset hit its all-time high of $0.00008616, representing an even more staggering 118,000,000% increase from its opening price. However, fast-forward a lengthy bear market, and a couple of years later, SHIB is now a shadow of itself, trading at $0.0000154, 82% below its all-time high. To find out when the memecoin can reclaim its former glory and all-time high, The Crypto Basic went to today's expert on everything OpenAI's ChatGPT. The chatbot offered three possible outlooks based on historical price trends, market cycles, and SHIB's ecosystem developments.The Conservative EstimateIn a scenario where SHIB does not get another hype-fueled run but experiences growth based on gradual real-world usage, ChatGPT estimates that the memecoin will not reclaim its all-time high till between 2028 and 2030.In this case, the catalyst will be sustained ecosystem growth and strong adoption of Shibarium, the ecosystem's Ethereum Layer 2 chain, the large language learning model asserted.The Moderate EstimateHowever, in a strong crypto bull market where Bitcoin surges to trade between $150,000 and $200,000, ChatGPT expects SHIB to reclaim its all-time high between 2025 and 2026, with the memecoin rising alongside altcoins.Other catalysts cited here are massive burns and, again, Shibarium adoption.The Optimistic Estimate Combining a strong bull market with big speculative hype, massive burns, and substantial buying volume, ChatGPT suggests that SHIB could reach its all-time high by early 2025. Admittedly, at the time of writing on Wednesday, February 19, time does not appear to favor this outlook. And perhaps the ghost in the machine agrees?"The most realistic scenario is 2025-2026, assuming another crypto bull market and increased adoption of SHIB's ecosystem," it submitted.Will this 21st-century crystal ball prove correct? Time will tell.
Text source: The Crypto Basic
