Elon Musk’s Grok AI Shares 2 Bullish Forecasts for Shiba Inu by Month-End

Elon Musk’s AI chatbot Grok predicts that Shiba Inu will have a bullish close by the end of April 2024.

As a result of the bloodbath witnessed across the broader market, the performance of various crypto assets, including Shiba Inu (SHIB), has not been impressive in the past few days.

Amid the price plunge, Shiba Inu dipped to $0.00002672 yesterday before rebounding to the $0.00002800 level. At the time of writing, SHIB changes hands at $0.00002801, up 1.2% in the daily charts.

Grok’s Bullish Predictions

Following the slight gain registered by Shiba Inu in the past day, Elon Musk’s versatile AI chatbot Grok predicted a bullish close for the token by the end of April 2024.

The chatbot made this known in response to inquiries about Shiba Inu’s price action by April 30. Grok provided two bullish predictions for Shiba Inu following a comprehensive analysis of the token’s technical data and market conditions.

It speculated that Shiba Inu might record a modest gain that could take its price to $0.00003000 by April 30. This represents an increase of 7.1% from the current price of $0.00002801.

Furthermore, the AI tool issued a more bullish prediction for Shiba Inu, speculating that the token could reach an audacious price of $0.00009508 by month-end.

Hitting the $0.00009508 target is a daunting task that requires Shiba Inu to rally 239.45% from its current price in less than 20 days. In addition, this ambitious price target represents a new all-time high for SHIB.

These diverse predictions highlight a consensus around the positive trajectory for Shiba Inu, with the top asset expected to record substantial gains by the end of the month.

While these forecasts look promising, it is imperative to note the crypto market’s inherent volatility, which could affect Shiba Inu’s chances of achieving these targets. Hence, it is essential to exercise caution when making trading decisions and not take these forecasts as investment advice.

Bullish Expectations for April

Overall, April is expected to be a bullish month for the crypto market. Notably, the highly anticipated Bitcoin Halving event will occur by April 19 or 20, thus paving the way for a potential bull run across the broader crypto market.

Historically, the prices of crypto assets usually skyrocket after a halving event. While some assets record substantial gains on the month of the Bitcoin halving, other tokens experience a whopping price surge several months after the event.

Source