Can SHIB reach $0.50? Yes, if this scenario plays out
The valuation of the meme cryptocurrency Shiba Inu (SHIB) has been a subject of speculation amid ongoing network developments aimed at giving the network more utility. Within this context are several price targets for this meme coin, with the broader community aiming for the coveted $1 milestone. However, to attain this position, Shiba Inu will likely need the support of a $0.50 price floor. To assess the likelihood of SHIB reach ing the $0.50 level, Finbold sought insights from the generative artificial intelligence (AI) platform Google Bard. When asked about Shiba Inu’s path to $0.50, Bard identified several factors that could potentially elevate SHIB to this price point. According to this Analysis , Shiba Inu would need to experience a surge in buying pressure, significantly increasing the token’s market capitalization to $274.5 billion. Cryptocurrency Economics professor identifies future security threat to Bitcoin Cryptocurrency T...