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ChatGPT Sets Shiba Inu (SHIB) Price for May 31, 2025
By: times tabloid|2025/05/05 16:00:02
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Shiba Inu (SHIB), the popular meme-inspired cryptocurrency, has attracted fresh attention following a new price forecast by OpenAI’s ChatGPT. The chatbot projects a modest rise for the digital asset by the end of May 2025.According to the AI model, SHIB could climb by approximately 6.7% over the coming weeks, reaching a price of $0.000014 by May 31, 2025. At the time of writing, SHIB is trading at $0.00001311, reflecting a 1.51% decline in the past 24 hours.ChatGPT based its prediction on recent market behavior and trading dynamics, noting, “Given the strength of April’s recovery and increasing trader interest, it is reasonable to project a near-term upside for SHIB. Our model anticipates a price of $0.000014 by the end of May, representing a roughly 6.7% increase from current levels.”SHIB Sees Positive Momentum Amid Broader Market RecoveryThis forecast comes amid renewed optimism across the broader cryptocurrency market. According to a recent report by Times Tabloid, Shiba Inu recorded a 7% price gain in April 2025, despite facing stiff competition from larger-cap assets that benefited more from Bitcoin’s sharp rally.Bitcoin’s price climbed toward $95,000 in April, catalyzing a broader market surge that added approximately $270 billion to the total crypto market capitalization — a 10.31% monthly increase.We are on twitter, follow us to connect with us :- @TimesTabloid1— TimesTabloid (@TimesTabloid1) July 15, 2023Although SHIB’s April gains were more modest compared to top-tier tokens, analysts note that its ability to remain in positive territory highlights resilience and steady investor interest. “Shiba Inu’s recovery, even if less pronounced, contributed meaningfully to portfolio valuations in April,” the Times Tabloid report stated.Futures Market Signals Growing Confidence in SHIBAdding to the bullish sentiment is data from CoinGlass, which shows that SHIB’s futures open interest nearly doubled in April, rising from under $97 million to nearly $190 million by April 27.This sharp increase in open interest is often interpreted as a sign of growing speculative activity and bullish positioning in the market. Rising open interest typically indicates that capital is flowing into new long positions, a trend that aligns with ChatGPT’s forecast.“Open interest trends suggest that traders are increasingly positioning themselves for a positive move in SHIB. When combined with broader market momentum, this supports our short-term price outlook,” ChatGPT stated.Ecosystem Developments Support Longer-Term OutlookMeanwhile, the Shiba Inu ecosystem continues to develop, with ongoing efforts to strengthen its Layer-2 blockchain, Shibarium. The Shiba Inu development team has been rolling out updates to improve transaction throughput and scalability. This includes enhancements to the validator onboarding and increased burn activity, both seen as longer-term bullish factors for SHIB’s valuation.While Shiba Inu’s near-term performance may not rival Bitcoin or Ethereum, AI-powered predictions and market data suggest a favorable outlook for the meme token heading into the end of May. Traders and investors will be watching closely to see if SHIB can meet or exceed ChatGPT’s forecast of $0.000014, as confidence in the token appears to be building once again.Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.Follow us on X, Facebook, Telegram, and Google NewsThe post ChatGPT Sets Shiba Inu (SHIB) Price for May 31, 2025 appeared first on Times Tabloid.
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