ChatGPT Reveals When SHIB Will Hit $1, Also Gives Verdict on LPX Token
Shiba Inu (SHIB), the meme token at the heart of the Shiba Inu web3 ecosystem, could hit $1 per token within the next 5-10 years.
That’s according to a new forecast from ChatGPT.
If SHIB was to hit $1 in the next 5-10 years, that would represent gains in the region of 125,000x for current Shiba Inu token holders.
Given the current supply of 589 trillion tokens, a price of $1 would mean a market cap of nearly $600 trillion.
Such a rally would eclipse Bitcoin’s 26,000x return since it briefly traded at $1 back in April 2011.
Here’s how Shiba Inu could muster up some a monstrous rally, according to ChatGPT.
ChatGPT said that Shiba Inu hitting $1 per token could be feasible if the following three scenarios unfold.
Firstly, Shiba Inu attains mainstream adoption and “SHIB becomes a widely accepted form of payment or is integrated into popular platforms”.
Secondly, Shiba Inu attracts high developer engagement and “a large community of developers who create groundbreaking dApps and projects”.
Finally, “regulators worldwide are supportive, or at least not detrimental, to the growth of SHIB and its ecosystem”.
“In the most optimistic scenario, with exponential growth and everything aligning perfectly, we might see SHIB approach the $1 mark in the next 5-10 years,” ChatGPT concluded.
Shiba Inu recently attempted to launch a layer-2 Ethereum scaling solution called Shibarium, which would serve as the new home for the ecosystem.
It’s worth noting that a market cap of $600 trillion would value Shiba Inu at greater than the combined worth of the entire global stock and real estate markets.
Perhaps a market cap of 100s of trillions is overly optimistic.
But Shiba Inu could still hit $1 if enough tokens were burnt.
For updates as to the rate at which
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