Disclaimer: The information presented does not constitute financial, investment, trading or other type of advice and is solely the opinion of the author.
Shiba Inu [SHIB] The last month was tough as prices continued to plummet. However, Santiment’s latest analysis points to some interesting indicators suggesting an increase in network activity.
😺 ＃Shiba Inu The number of new addresses created each day has increased significantly and has consistently exceeded 2,500 per day over the past two weeks.Despite its underwhelming price performance, our latest insights cover why one of our 2021 favorites has potential #meme coin. https://t.co/Lzrpd3o06v pic.twitter.com/8jOt0weIyE
— Santiment (@santimentfeed) July 6, 2023
As demand for SHIB, the largest memecoin after Dogecoin [DOGE]is gaining momentum, so we cannot rule out the possibility that prices will rise in the coming days.
Shiba Inu is also exploring possibilities in the Metaverse. The term “metaverse” refers to a virtual world or collective virtual shared place created by computer technology and populated by avatars and virtual creatures. It’s a concept that has become more popular in recent years as more immersive virtual environments emerge.
The concept behind the Metaverse is that it is an environment where people can interact with virtual items and other people in a way that is on par with the real world. Shiba Inu Metaverse tries to capture all of this.
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Shiba Inu Appears in the Metaverse
Introduction of NEW https://t.co/sxXfOETCuB website, new @shib_iothemv Branding and WAGMI Temple Alpha Preview! Available for purchase now #shibu themeverse Land easily with 1-2-3.Please let us know what you think #shiba mee! ⛰ pic.twitter.com/wP2H3DsR8h
— Shib (@Shibtoken) March 15, 2023
Following the launch of the new site, the SHIB community welcomed another platform that could provide utility to the SHIB token. Shiba Metaverse functionality may be added to the recently released Shibarium testnet.
We decided to ask our AI friends, Chat GPT, what they thought of the Metaverse, given its growing popularity and the introduction of its version by Shiba. It produced some interesting results.
ChatGPT’s idea of an ideal metaverse
What would the ideal metaverse look like? That was the first query we posed to the AI. The main characteristics of an ideal metaverse were outlined by ChatGPT, but it was also quickly recognized that several things could influence it.
Regardless of design or purpose, ChatGPT helped me by specifying seven characteristics that an ideal metaverse should contain. Accessibility, interoperability, immersion, creativity, and innovation are just some of the characteristics ChatGPT lists as desirable in the metaverse. Based on the AI-generated lists, we tend to subconsciously agree that these are really basic.
So, is Shiba Inu’s metaverse an ideal metaverse?
ChatGPT was quick to point out the limitations of learning enough about the Shiba metaverse when responding to this query. By this time, shouldn’t we all be using Chat GPT, especially with so little information on the Shiba metaverse?
Still, the company said it had a welcoming environment and scored highly for creativity and innovation. Yet its accessibility and interoperability are still unknown.
Exploring the Potential Role of AI in the Metaverse
Since the metaverse is essentially a digital ecosystem that replicates the real world, AI can make the user experience more realistic and engaging. Creating more perceptive and intelligent virtual assistants is one of the potential uses of AI in the metaverse. These assistants make navigating the metaverse easier and more effective for users. In addition, it helps you find information and communicate with others.
Additionally, AI can be used to develop more complex and compelling virtual characters, increasing the immersion and realism of the Metaverse. By integrating machine learning and natural language processing, these characters will be able to engage with consumers more naturally and intuitively. This can create a more seamless and engaging experience.
Additionally, automation of numerous jobs and procedures such as moderation, content generation, and customer assistance are more potential applications of AI in the metaverse. As a result, the effort of human moderators and authors may be reduced, and the overall quality and consistency of content within the metaverse may also be improved.
Check the daily chart of SHIB
Within the Shibaverse ecosystem, SHIB tokens may serve several purposes such as payments, governance, staking, and community participation.
At the time of writing, SHIB was trading at $0.00000732. Its value fell by 3.5% within a week. Now let’s see what the indicators on the chart are suggesting.
The SHIB Relative Strength Index (RSI) was above the neutral 50 mark, The Money Flow Index (MFI) and On Balance Volume (OBV) were displayed. descending trajectory.
These indicators point to a bearish price trend in the short term.
To dig deeper, we have presented ChatGPT with certain indicators, including the current SHIB price and its RSI. He predicted that its value could rise to $0.00001 within a week.
How much is 1,10,100 SHIB worth today?
So what does ChatGPT think about Shiba Inu prices? AI can’t answer, especially since there are so many Q’s. for example,
- We cannot predict future outcomes of sporting events or political competitions
- Do not participate in discussions of biased political issues
- Tasks that require web searches will not run
That’s not all. To better understand that all AI can’t answer, we asked, “What kinds of queries are they programmed not to answer?”
I came up with –
However, that doesn’t mean ChatGPT is completely useless as far as price prediction is concerned. To correct the reaction above, we asked the AI to predict the same thing again. Now it’s time to become a character in a movie script. And here’s what the AI came up with –
Could SHIB exceed $1 by December 2023?
When I threw this query in ChatGPT, it was not able to return the final response in the old state. This is not surprising as price movement predictions are highly speculative.
ChatGPT responded that it was within SHIB’s mandate to exceed the $1 price mark by December.Predicted that the coin would disappoint.
On the surface, ChatGPT’s analysis of the Shiba Inu metaverse reveals some interesting findings. So you can guess how thorough the evaluation would be if you gave the AI the entire source code of Sima Shi. Additionally, it is becoming increasingly apparent how AI and cryptocurrencies are intertwined, but we still need to determine what impact this will have.
ChatGPT is optimistic about the future of SHIB, but bullish trends should not be expected at this time. On-chain metrics are too obvious, right?