Cryptocurrency's Shiba Inu Model Expected to Soar by 40% Beyond $0.000021, Determining Timeline Provided
The CoinCodex machine learning algorithm has released a new prediction for the future price of Shiba Inu (SHIB), suggesting a significant rise in the coming months and years.
According to the CoinCodex short-term price prediction, SHIB is expected to surge to approximately $0.00004698 by December 30, 2024. This represents a 104.31% increase from current levels [2]. For a near-term target in mid-2025, CoinCodex forecasts SHIB could reach around $0.00001731 by the end of August 2025, showing a more modest rise of 32.65% compared to earlier 2024 levels [3]. Furthermore, CoinCodex predicts a possible 40% surge to $0.000021 by early August 2025, supported by a bullish market sentiment [4].
For the long-term price outlook, CoinCodex projections suggest SHIB could achieve a maximum value of $0.000023 in 2025, rise further to $0.000075 in 2028, and reach an average price of about $0.000231 by 2031 [1].
The current technical indicators present a slightly bearish sentiment overall but with high greed levels (Fear & Greed Index around 73-74), reflecting market ambivalence despite bullish price predictions [2][3]. These predictions rely partly on ongoing ecosystem developments like ShibaSwap and Shibarium that may enhance SHIB’s utility and adoption, potentially influencing its long-term price appreciation [1].
Interestingly, the Shiba Inu price has historically performed well in the month of October, closing every month since its launch in the green [5]. This trend could continue into the next October, as per the CoinCodex 3-month prediction, which indicates a more bullish sentiment [6].
In summary, CoinCodex’s machine learning algorithm forecasts notable short-term gains within the coming months, with steady upward potential over the next several years, albeit with some market volatility and bearish technical sentiment at present.
| Timeframe | Predicted SHIB Price (CoinCodex ML) | Notes | |-----------------|----------------------------------------------|-------------------------------------| | Short-term (Dec 2024) | $0.00004698 | 104.31% rise predicted [2] | | Mid 2025 (Aug) | ~$0.00001731 to $0.000021 | 32.65% to 40% potential rise [3][4] | | 2025 (max) | $0.000023 | Long-term 2025 target [1] | | 2028 (max) | $0.000075 | Long-term 2028 target [1] | | 2031 (average) | $0.000231 | Long-term average price [1] |
[1] - Cryptopolitan [2] - CoinCodex [3] - NewsBTC [4] - FX Empire [5] - CoinMarketCap [6] - CoinCodex
- In the realm of finance, one might consider investing in Shiba Inu (SHIB) as CoinCodex's machine learning algorithm predicts a significant surge in its price by 2024 and beyond.
- Investors looking to the future may find interest in Shiba Inu (SHIB) as it is predicted to exhibit notable short-term gains, according to CoinCodex, with further potential for growth over the next several years.
