The Shiba Inu (SHIB) has seen its price rise sharply since the beginning of 2023. With the Shibarium upgrade said to be implemented in February, the dog meme token is a closely followed token by investors.
The algorithm predicted the SHIB price for February 28, 2023!
In the middle of the month, artificial intelligence (AI) predicted that machine learning algorithms on crypto tracking platform PricePredictions will see the price of SHIB trade at $0.000012 on February 28, 2023, based on data received on January 30.
SHIB February 28 price forecast. Source: Price Estimates
By aggregating technical analysis (TA) indicators including moving averages (MA), moving average convergence divergence (MACD), relative strength index (RSI), Bollinger Bands (BB), and more, the forecast represents a 3% increase in SHIB. at the current price of $0.00001165.
Potential SHIB price beneficiaries
Shiba Inu lead developer Shytoshi Kusama has released a mysterious update about the upcoming launch of the highly anticipated layer 2 network, Shibarium.
In a recent telegram message, Kusama instructed his followers to “keep the popcorn ready”. The announcement caused members of the Shiba Inu community to speculate that Shibarium’s debut could happen in the near future.
#Shibarium is coming.. 💯🔥$SHIB $BONE #SHIBARMY pic.twitter.com/dcalHJq9H6
— Shib Spain🛡️ (@ShibSpain) January 29, 2023
On top of that, the Shiba Inu lead developer made another cryptic comment about Shibarium’s imminent arrival, this time hinting at a “heart-shaped box” in his Twitter status post.
The community is excited to see what Kusama and his team have planned for them, and the assumption that the release date will be Valentine’s Day added even more excitement to the event. AI significantly predicts that SHIB will trade at $0.000011 on Feb. 14.
Shibarium is a layer 2 network that solves scalability, performance and cost concerns. The meme-inspired cryptocurrency Shiba Inu took the crypto market by storm in late 2021.
Designed as a parody of the famous Dogecoin, the token has seen its value increase as its popularity among retail investors has increased. The token has a loyal following of investors and enthusiasts who have contributed to its adoption and development. The result is a thriving ecosystem of decentralized apps and services.
Despite losing much of its value, SHIB remains one of the top cryptocurrencies in terms of market cap, with a market cap of $6.3 billion.
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