Disclaimer: The information presented does not constitute financial, investment, trading, or any other type of advice and is solely the opinion of the author.
A recent report states that after restarting after an initial setback, Shibarimumu has recently seen a surge in trading, hitting a historic high just a few days ago.
Is your portfolio green? Check out the SHIB Profit Calculator
The company’s Shibariumscan data shows a consistent upward trend, with daily transactions peaking at more than 200,000 on September 11th. However, as of this update, the transaction volume had decreased slightly to approximately 183,000 transactions.
Amidst the severe bear market of August and September, the meme coin hype seen in July is far from resurfacing. Especially Shiba Inu, [SHIB] The more than 75% rally from mid-June to mid-August has disappeared. However, this week saw some price correction.
Previously, the price of SHIB rose nearly 5% within a day due to Ripple. [XRP] secured a partial victory in a legal battle with the United States securities and exchange commission [SEC] July 13th. However, its value plummeted soon after.
However, the demand for SHIB, the largest meme coin after Dogecoin, is [DOGE]we cannot rule out the possibility of the price increasing in the coming days as momentum gains.
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 inhabited by avatars and virtual creatures. This is a concept that has become more popular in recent years as more immersive virtual environments have emerged.
The concept behind the Metaverse is that it is an environment where people can interact with virtual items and other people in a manner comparable to the real world. The Shiba Inu Metaverse seeks to capture all of this.
Shiba Inu appears in the Metaverse
On March 15th, Shiba Inu announced its opening. Shibuio The website is a portal to the Metaverse. This release comes after months spent planning and selling Metaverse Territories.
Introducing NEW https://t.co/sxXfOETCuB website new @shib_iothemv Branding, and WAGMI Temple Alpha Preview! Buy Now #Shibuthemeverse It lands easily as 1-2-3.Please let us know what you think #shivermi! ⛰ pic.twitter.com/wP2H3DsR8h
— Shibtoken (@Shibtoken) March 15, 2023
Following the launch of the new site, the SHIB community welcomed another platform that may provide utility to SHIB tokens. Shiba Metaverse functionality may be added to the recently released Shibarium testnet.
Given the growing popularity of the Metaverse and the introduction of its version of the Shiba Inu, we decided to ask our AI friends at ChatGPT for their thoughts on the Metaverse. It produced some interesting results.
ChatGPT’s ideal metaverse concept
What would an ideal metaverse look like? This 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.
Source: ChatGPT
Regardless of design or purpose, ChatGPT has helpfully specified seven characteristics that an ideal metaverse should include. Accessibility, interoperability, immersion, creativity, and innovation are just a few of the characteristics that ChatGPT cites as desirable in the metaverse.
Based on the list created by the AI, we are subconsciously inclined to agree that these are really the basics.
So, is the Shiba Inu metaverse an ideal metaverse?
ChatGPT was quick to point out the limitations of learning enough about the Shiba metaverse when responding to this query. Still, the company said it had a welcoming environment and received high scores for creativity and innovation.
Still, its accessibility and interoperability remain unclear.
Source: ChatGPT
Exploring the potential role of AI in the metaverse
Because 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 potential use of AI in the metaverse.
These assistants make it easier and more effective for users to navigate the metaverse. Additionally, it helps you find information and communicate with others.
Additionally, AI can be leveraged to develop more complex and convincing virtual characters, increasing immersion and realism in 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.
Take a look at SHIB’s daily chart
Within the Shibaverse ecosystem, SHIB tokens may serve several purposes, including payments, governance, staking, and community participation.
Source: SHIB/USD, TradingView
At the time of writing, SHIB was trading at $0.00000752. Now let’s take a look at what the indicators on the chart are suggesting.
SHIB’s Relative Strength Index (RSI) and Money Flow Index (MFI) were both well above the neutral 50 mark. the On-balance volume (OBV) recorded a decline.
These on-chain indicators indicate short-term bullish price movements for Memecoin.
To find out more, we provided ChatGPT with certain indicators such as the current SHIB price and RSI. We predicted that the SHIB price would rise to $0.00000850 or fall to $0.00000700 in one week.
Source: ChatGPT
So, what does ChatGPT think about the future of Shiba Inu prices? Well, that’s a tough Q. Especially since there are so many Qs that the AI can’t answer. for example,
- It is not possible to predict the future outcome of sporting events or political competitions
- I will not participate in discussions about biased political issues.
- Tasks that require web searches will not be performed
That’s not all. To better understand what not all AIs can answer, we asked, “What types of queries are they programmed not to answer?”
That’s what I came up with,
However, that doesn’t mean ChatGPT is completely useless as far as price prediction is concerned. To fix the aforementioned reaction, we asked the AI to predict the same thing again. This time, pretend to be a character in a movie script. This is what the AI came up with
When will SHIB hit $1?
I posed this query on ChatGPT and didn’t get a clear response in either the classic or DAN version. This is not surprising since predicting price movements is highly speculative.
Source: ChatGPT
On the surface, ChatGPT’s analysis of the Shiba Inu metaverse reveals some interesting findings. So if you give an AI the entire Shivaverse source code, you can guess how thorough its evaluation will be.
How much is 1,10,100 SHIB worth today?
Additionally, it is becoming increasingly clear how AI and cryptocurrencies are intertwined, but what impact this will have remains to be determined.
In conclusion, we should not expect the price of SHIB to rise in the short term. Besides, ChatGPT says he has no idea when SHIB will reach the $1 price mark.
