AI chatbots Meta AI from Facebook and Grok AI from X have presented varying price targets for Shiba Inu for this October.
Following an impressive performance from the broader crypto market at the close of September, chants of a more bullish October dominated the scene. Notably, from Sept. 23, the global crypto market engineered a recovery push, and Shiba Inu was one of the biggest beneficiaries.
Shiba Inu Begins October Bearish
Specifically, SHIB spiked from $0.00001453 on Sept. 23 to a three-month peak of $0.00002169 on Sept. 27. This marked an impressive 49% increase within five days. Most of this rally occurred on Sept. 26, when Shiba Inu leveraged surging demand to record a 22% intraday spike, the highest in six months.
However, following the $0.00002169 peak, the crypto market witnessed a retracement, and SHIB collapsed with it. Despite the bullish “Uptober” sentiments, Shiba Inu is down 5.24% this month following a 26.95% increase in September.
Interestingly, this downturn has not impacted investor sentiments, as the bullish chants persist. In a reflection of this optimism, Lola, a community figure, shared responses from two AI chatbots on SHIB’s possible price action for October.
As The Crypto Basic reported earlier this week, Shiba Inu boasts an average return of 283% in October. The dog-themed token has not recorded any loss in the month of October since its launch in 2020. As a result, Meta AI and Grok AI foresee upward movement, though with notable differences in their price targets.
Meta AI’s Shiba Inu Prediction
Meta AI, the artificial intelligence system developed by Facebook, provides a more conservative outlook for SHIB. According to its forecast, Shiba Inu’s price could see a gradual increase, potentially hitting a high of $0.0000389961 by the end of October.
The Facebook Meta AI is predicting .000038 price of #SHIB this october 👀
SHIBARMY wants higher 🚀 pic.twitter.com/NUBaxOwj4F
— Lola (@CryptoLollla) October 4, 2024
Notably, Meta AI also outlines more detailed predictions for the upcoming months. For instance, in December 2024, it expects SHIB’s price to range between a minimum of $0.0000339966 and a maximum of $0.0000389961, with an average price hovering around $0.0000359964.
Grok AI’s More Bullish Outlook
In contrast, Grok AI, developed by X (formerly Twitter), presents a more aggressive forecast for Shiba Inu. Grok predicts that SHIB could experience a significant surge, with prices potentially reaching as high as $0.00006 in October, nearly four times the current price.
But Grok is more bullish on #SHIB 🤣
.00006To the moon GROK 🚀🚀🚀🚀🚀 pic.twitter.com/eO3kHJTcmo
— Lola (@CryptoLollla) October 4, 2024
Grok AI’s outlook is based on a more optimistic market sentiment. It suggests that a perfect storm of market conditions could result in rapid price appreciation, driven by positive news, increased adoption, or other bullish factors.
However, Grok AI also cautions that the market remains highly volatile. Despite its upbeat forecast, the AI acknowledges that broader market conditions could also result in more conservative outcomes. According to Grok, Shiba Inu’s price might fluctuate between $0.0000142 and an average of $0.0000253.
