Shiba

2024

Wolf of Wall Street

Shiba Inu

<div class="finbold">
 <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>
 <div></div>
 <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
  </figcaption>
 </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>
 <div class="not-prose relative overflow-auto scrollbar-hide mb-8 mt-8">
  <div class="relative w-full flex gap-6 snap-x snap-mandatory overflow-x-auto">
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/01/02/e715e123e21d9dd9423c0fb1527f9a4a.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="we-asked-chatgpt-what-will-be-the-xrp-price-in-2024-here-s-what-it-said">We asked ChatGPT what will be the XRP price in 2024; Here’s what it said</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/01/02/9b65ff15efe6c20046ce0cb19fc869dd.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="web3-loses-1-7-billion-from-hacker-attacks-in-2023-says-salus-report">Web3 loses $1.7 billion from hacker attacks in 2023, says Salus report</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/01/02/0e3fd775a86cfc0641a00e855c589df0.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Cryptocurrency 
       <h3 class="font-bold leading-6 " id="machine-learning-algorithm-sets-xrp-price-for-january-31-2024">Machine learning algorithm sets XRP price for January 31, 2024</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/01/02/dd8de8492aa538900e5312b391be18ad.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Stocks 
       <h3 class="font-bold leading-6 " id="revealed-elon-musk-s-investment-portfolio-in-2023">Revealed: Elon Musk's investment portfolio in 2023</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
   <div class="max-w-[300px]">
    <div class="py-0 first:pt-0 last:pb-0">
     <div class="flex gap-x-4">
      <div class="shrink-0  w-24"><img data-src="https://cdn.thebittimes.com/images/2024/01/02/58f4acf5e34446fd0cc4942e06547ceb.webp" alt class=" w-full rounded-md lazy">
      </div>
      <div>
       Stocks 
       <h3 class="font-bold leading-6 " id="wolf-of-wall-street-j-belfort-s-market-predictions-for-2024">Wolf of Wall Street J. Belfort’s market predictions for 2024</h3>
       <div class="sm:flex gap-x-3 mt-2">
       </div>
      </div>
     </div>
    </div>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <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
  </figcaption>
 </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
  </figcaption>
 </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>
 <p class="paragraph"></p>
</div>
<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

목차

TheBitTimes

2024년 1월 2일에 게재된 다른 기사

Just In: Bitcoin Miner CleanSpark Gears Up for 2024 With In-House Trading Desk

18 Giant Banks Predict When the Fed Will Start Cutting Interest Rates and How Much Total Rate Cut...

The Price Of Hedera (HBAR) Increased More Than 9% Within 24 Hours

Crypto Losses in December Nears $100M With Orbit Chain Breach

Why Ethereum is a top altcoin pick for Q1 2024

Uniswap (UNI) and Quant (QNT) Move Upwards in Value – Meme Moguls (MGLS) to Lead $6.1B Industry b...

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!