Shiba

2024

Wolf of Wall Street

Shiba Inu

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 <p class="paragraph">With the start of 2024 bringing gains to most cryptocurrency assets, Shiba Inu (SHIB) is no exception. It continues to experience earnings, which may prompt investors to wonder where its <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> will end up by the end of January.</p>
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 <p class="paragraph">Given these recent yields, Finbold employed <em>CoinCodex</em> to leverage its AI-driven machine-<a rel="noopener noreferrer nofollow" title="learning" href="https://thebittimes.com/tag/learning.html">learning</a> <a rel="noopener noreferrer nofollow" title="algorithm" href="https://thebittimes.com/tag/algorithm.html">algorithm</a>s to gauge its <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> for the end of the month. These <a rel="noopener noreferrer nofollow" title="algorithm" href="https://thebittimes.com/tag/algorithm.html">algorithm</a>s assess the changing market conditions and analyze relevant indicators to forecast the likelihood of SHIB seeing gains by the end of this month.</p>
 <figure class="wp-block-image size-full"><img decoding="async" loading="lazy" width="907" height="415" src="https://cdn.thebittimes.com/images/2024/01/02/809b13071b04d7d5512464809afc8713.webp" alt="SHIB price prediction for January 31. Source: CoinCodex" class="wp-image-146661" srcset="https://cdn.thebittimes.com/images/2024/01/02/809b13071b04d7d5512464809afc8713.webp 907w, https://cdn.thebittimes.com/images/2024/01/02/809b13071b04d7d5512464809afc8713.webp 300w, https://cdn.thebittimes.com/images/2024/01/02/809b13071b04d7d5512464809afc8713.webp 768w" sizes="(max-width: 907px) 100vw, 907px">
  <figcaption class="wp-element-caption">
   SHIB price prediction for January 31. Source: CoinCodex
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 </figure>
 <p class="paragraph">According to the algorithms, SHIB is anticipated to rise to $0.00001038 by January 31, signifying a -4.24 decrease from the current asset price at the time of publication.</p>
 <h2 class="wp-block-heading" id="h-analysts-expectations">Analysts expectations</h2>
 <p class="paragraph">With the continuation of gains in January, some crypto experts see this movement resembling the one that led to the all-time high of SHIB valuation.</p>
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 <p class="paragraph">The observed <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> behavior indicates a breakout from a pattern reminiscent of its previous all-time high run, raising the possibility of a similar movement again.</p>
 <p class="paragraph">If this trend continues, there is potential for an increase of over 710%, reaching levels as high as $0.000088598 and beyond, as per a post on X from crypto analyst Javon Marks on January 2.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="600" src="https://cdn.thebittimes.com/images/2024/01/02/75126664c9495f8ef2e54a2b8543ec6f.webp" alt="Possible pattern repetition of SHIB price movement. Source: Javon Marks

" class="wp-image-146662" srcset="https://cdn.thebittimes.com/images/2024/01/02/75126664c9495f8ef2e54a2b8543ec6f.webp 1024w, https://cdn.thebittimes.com/images/2024/01/02/75126664c9495f8ef2e54a2b8543ec6f.webp 300w, https://cdn.thebittimes.com/images/2024/01/02/75126664c9495f8ef2e54a2b8543ec6f.webp 768w, https://cdn.thebittimes.com/images/2024/01/02/75126664c9495f8ef2e54a2b8543ec6f.webp 1536w, https://cdn.thebittimes.com/images/2024/01/02/75126664c9495f8ef2e54a2b8543ec6f.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Possible pattern repetition of SHIB price movement. Source: Javon Marks
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 </figure>
 <p class="paragraph">However, other experts are bearish regarding the SHIB <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> trajectory. Andrew Lokenauth, founder of <em>TheFinanceNewsletter.com</em>, characterizes Shiba Inu as a purely speculative asset lacking intrinsic value or utility, criticizing its limited real-world applications and poor transparency from developers.&nbsp;</p>
 <p class="paragraph">He notes the cryptocurrency’s susceptibility to volatility, especially compared to its major counterparts. Highlighting competition with other dog-themed meme coins, including Dogecoin (DOGE), Lokenauth anticipates a continued decline for SHIB, projecting a price of $0.000005 at the start of 2024 due to the absence of significant catalysts and the impact of the bear market on speculative assets.</p>
 <h2 class="wp-block-heading" id="shib-price-analysis">SHIB price analysis</h2>
 <p class="paragraph">At the time of press, SHIB was trading at $ 0.00001085, notching an increase of 3.93% in the past 24 hours, adding to a gain of 1.32% over the previous week and a 27.88% upside in the past 30 days.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="683" src="https://cdn.thebittimes.com/images/2024/01/02/b3fcdd14593102f59850f3bd524fdc49.webp" alt="SHIB 30-day price chart. Source: Finbold" class="wp-image-146663" srcset="https://cdn.thebittimes.com/images/2024/01/02/b3fcdd14593102f59850f3bd524fdc49.webp 1024w, https://cdn.thebittimes.com/images/2024/01/02/b3fcdd14593102f59850f3bd524fdc49.webp 300w, https://cdn.thebittimes.com/images/2024/01/02/b3fcdd14593102f59850f3bd524fdc49.webp 768w, https://cdn.thebittimes.com/images/2024/01/02/b3fcdd14593102f59850f3bd524fdc49.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   SHIB 30-day price chart. Source: Finbold
  </figcaption>
 </figure>
 <p class="paragraph">Simultaneously, Shiba Inu’s technical indicators, obtained from <em>TradingView</em>, depict bullish sentiment. A synopsis of these indicators reveals a ‘buy’ rating at 14, with moving averages endorsing a ‘buy’ at 14. Oscillators lean towards a ‘neutral’ rating, registering at 10.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="248" src="https://cdn.thebittimes.com/images/2024/01/02/f1b2bc40576902eec939434b418cb7e3.webp" alt="SHIB technical analysis. Source: TradingView
" class="wp-image-146664" srcset="https://cdn.thebittimes.com/images/2024/01/02/f1b2bc40576902eec939434b418cb7e3.webp 1024w, https://cdn.thebittimes.com/images/2024/01/02/f1b2bc40576902eec939434b418cb7e3.webp 300w, https://cdn.thebittimes.com/images/2024/01/02/f1b2bc40576902eec939434b418cb7e3.webp 768w, https://cdn.thebittimes.com/images/2024/01/02/f1b2bc40576902eec939434b418cb7e3.webp 1453w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   SHIB technical analysis. Source: TradingView
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 </figure>
 <p class="paragraph">SHIB’s course for the current month will depend on the evolving developments within the Shibarium network, influenced by the general sentiment on the broader cryptocurrency and macroeconomic landscape.</p>
 <p class="paragraph"><strong><em>Disclaimer: </em></strong><em>The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/machine-learning-algorithm-sets-shib-price-for-january-31-2024-tbt75338.html">https://thebittimes.com/machine-learning-algorithm-sets-shib-price-for-january-31-2024-tbt75338.html</a></p>

Machine learning algorithm sets SHIB price for January 31, 2024

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