Shiba Inu: AI Predicts SHIB Price For January 31, 2023

Vinod Dsouza
Shiba Inu
Source: Pixabay

A machine-learning algorithm has given out a Shiba Inu price prediction for January 31, 2023. The forecast indicates that SHIB will not delete a ‘zero’ this month and will remain in the indices with five ‘zeroes’. Therefore, the dog-themed token could dip in price in the next three weeks, as per the algorithmic price prediction.

Shiba Inu is currently trading lower and is down nearly 10% in the last 30 trading days. The bear markets are pulling SHIB down and the dog-themed token is unable to delete a ‘zero’ for the last two months.

Also Read: Shiba Inu: Shibarium Codes Finally Go Public on GitHub

Shiba Inu: What Could Its Price Be on January 31?

Price Predictions‘, is a machine learning and algorithm-based price indicator that uses artificial intelligence (AI). It calculates a token’s moving average (MA), relative strength index (RSI), moving average convergence divergence (MACD), Bollinger Bands(BB), and others indicators. The AI has predicted Shiba Inu’s price for January 31, 2023.

The machine learning algorithm predicted that Shiba Inu’s price could be $0.00000836 on January 31, 2023.

Also Read: Shiba Inu: Unification Validator Provides Latest Update On Shibarium

Source: PricePredictions

The AI’s prediction claims that SHIB’s price could decrease by 2.1% in the next three weeks.

However, the Shibarium layer-2 network’s public beta testnet release is nearing according to the latest update provided on Thursday. You can read complete details about the upcoming L2 solution here.

Also Read: How Many ‘Zeroes’ Shiba Inu Deleted From January 2022 to 2023?

Source: PricePredictions

The upcoming Shibarium’s governance token Bone spiked double digits on Thursday after the update was out. Bone was trading at $0.90 and shot up to $1.13 in the 24 hours day trade. SHIB’s Bone token is attracting heavy bullish sentiments as the Shibarium public beta testnet release is nearing.

Bone has doubled in price twice in 2022 after rumors of a Shibarium release were out in August last year. You can read how Bone doubled in price in less than 30 days here.

Also Read: Shiba Inu Price Prediction for 2023

At press time, SHIB was trading at $0.00000854 and is up 3.1% in the 24 hours day trade. SHIB is down 90.2% from its all-time high of $0.00008616, which it reached in October of last year.