ChatGPT Predicts SHIB Coin Price to Reach $0.1 in 2024

The cryptocurrency market has experienced a notable bullish trend lately, especially since mid-October. Shiba Inu (SHIB), a memecoin, has seen significant gains during this recent price surge.

Furthermore, Shibarium, the blockchain associated with Shiba Inu, has gained recognition for its strong performance, handling a notable number of transactions since its launch.

In the midst of the cryptocurrency enthusiasm, memecoins have garnered attention, driven by enthusiastic communities. SHIB has become a prominent player in this trend, relying more on community support than on practical real-world applications.

The fervor surrounding memecoins, including SHIB, has prompted inquiries in the past about the opinions of AI bots like ChatGPT on these assets.

In addition, the renowned Filipino boxing legend Manny Pacquiao has revealed plans for his charitable foundation to leverage the Shiba Inu (SHIB) meme token network for fundraising purposes.

The Manny Pacquiao Foundation intends to integrate Shiba Inu’s Layer 2 blockchain, Shibarium, into its operational framework.

Shiba Inu’s origins

In 2020, a mysterious individual or group known as Ryoshi initiated the creation of SHIB as a satirical homage to the Japanese Shiba Inu dog breed, the same mascot associated with Dogecoin (DOGE).

Contrary to conventional crypto projects, SHIB started with no existing community or pre-established team, aiming to generate something significant from nothing.

Functioning as an ERC-20 token on the Ethereum blockchain, SHIB quickly gained widespread attention, propelled by its enthusiastic ShibArmy and strategic endorsements from online influencers.

Notably, Elon Musk’s involvement in the Dogecoin space also contributed to the rapid ascent of SHIB. The passionate ShibArmy community played a pivotal role in SHIB’s success, driving a remarkable price surge of over 27,000,000% from January to October 2021.

In July 2021, ShibaSwap, a decentralized exchange for SHIB, was introduced, marking a notable shift by adopting the automated market maker (AMM) model.

This platform allowed users to engage in activities such as providing liquidity, staking, retrieving, and swapping SHIB, LEASH, and BONE tokens.

The introduction of an innovative passive income reward system, coupled with a six-month lock rule, brought a fresh perspective to the decentralized finance (DeFi) landscape.

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