In the dynamic realm of cryptocurrency, all eyes are on the imminent Bitcoin halving in April, stirring anticipation and speculation within the crypto community. Shiba Inu (SHIB) takes center stage, especially as the SHIB army fervently discusses the coin’s future post-halving. Notably, Google Bard, the AI-powered Large Language Model, steps into the spotlight with intriguing predictions about SHIB’s trajectory, hinging on Bitcoin’s surge to $200,000 after the halving.
Bitcoin’s Effect on Shiba Inu (SHIB) Price: A Bard Analysis
Delving into Bard’s analysis of the intricate relationship between Bitcoin and SHIB prices, the AI acknowledges the inherent challenges of predicting cryptocurrency values. Despite the complexities arising from market sentiment, adoption rates, and unforeseen events, Bard underscores a historical positive correlation between Bitcoin and SHIB. As Bitcoin’s value rises, SHIB tends to follow suit, and vice versa, forming a significant factor in predicting SHIB’s future value.
Bard Unveils Two Scenarios for SHIB’s Valuation Post-Halving
Bard weaves a narrative of two scenarios, each exploring SHIB’s potential valuation based on Bitcoin hitting the anticipated $200,000 mark after the halving.
Scenario 1: In a scenario marked by a robust positive correlation, Bard speculates that SHIB could ascend to $0.00004386. This calculation involves multiplying SHIB’s current market price by the quotient derived from post-halving Bitcoin price divided by its existing market value.
Scenario 2: With a diminished correlation strength between Bitcoin and SHIB, Bard adopts a more cautious stance, estimating SHIB’s price at a modest $0.00001357. Despite the variance, both scenarios suggest the undeniable prospect of SHIB’s surge beyond its current value.
The Future Ahead: Bitcoin Halving and SHIB’s Potential Breakthrough
Considering the approaching Bitcoin halving and the speculated upswing in value, the question arises: Could Shiba Inu (SHIB) be on the brink of a substantial breakthrough? Bard’s insights provide an optimistic perspective, hinting at a promising trajectory for SHIB in the evolving landscape of the crypto market. As the Bitcoin halving unfolds, all eyes remain on SHIB, awaiting the realization of Google Bard’s predictive gaze.
Source: Cryptonews.net
