Although Shiba Inu (SHIB) has had a rough couple of months, marred by volatility and price declines that have seen it drop over 20% in the last 30 days, a newly released artificial intelligence (AI) assistant is fairly optimistic regarding its price performance in 2025.
Indeed, Finbold has asked the AI bot created by Meta Platforms (NASDAQ: META), called Llama 3.1, to provide a potential price range for the presently 13th-largest asset in the cryptocurrency sphere by market capitalization from the viewpoint as of August 13.
SHIB price 7-day chart. Source: Finbold
It is also worth noting that the recent Shibburn data shows a massive amount of SHIB burned on August 12, amounting to over 40 million Shiba Inu tokens, which represents a remarkable 8,007.8% increase, reflecting the community’s growing efforts to reduce the overall supply and bring the price up.
HOURLY SHIB UPDATE$SHIB Price: $0.00001347 (1hr 0.70% ▲ | 24hr -4.94% ▼ )Market Cap: $7,936,408,267 (-5.00% ▼)Total Supply: 589,272,048,888,964TOKENS BURNTPast 24Hrs: 40,539,008 (8007.8% ▲)Past 7 Days: 149,131,658 (-63.85% ▼)
— Shibburn (@shibburn) August 12, 2024All things considered, SHIB could, indeed, follow the path set by Meta AI, as long as the indicators and developments remain favorable for its price. That said, doing one’s own research is critical, as things in the crypto sector can take an unpredicted turn.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
