Disclaimer: The information presented does not constitute financial, investment, trading or other kind of advice and is solely the opinion of the author.
price of shiba inu [SHIB] Up nearly 5% within 1 day of Ripple launch [XRP] secured a partial victory in a legal battle with the United States Securities and Exchange Commission (SEC) July 13th.
SHIB has been in a tough situation over the past month as prices continue to plummet. However, recent developments will likely lead to higher prices.
On July 13th, on-chain analytics tool Lookonchain announced that early SHIB investors, who currently hold 10% of the total token supply, have moved approximately $30 million worth of hidden assets across eight wallets. Shared on Twitter.
— Lookonchain (@lookonchain) July 13, 2023
Analysis tool BubbleMap tweeted that the wallet was likely tied to the developer of the project.
Those connected wallets probably belong to the founder. Check out this thread I made 6 months ago 👇https://t.co/fvByO6kdkq
— Bubble Maps (@bubblemaps) July 13, 2023
As demand for SHIB, the largest memecoin after Dogecoin [DOGE]is gaining momentum, so we cannot rule out the possibility of price increases 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
Shiba Inu announced its opening on March 15th. sibuaio The website is the metaverse portal. This release comes after spending several months planning and selling the metaverse territory.
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 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.
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. 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 $0.00000788. Its value rose nearly 8% within a week. Now let’s see what the indicators on the chart are suggesting.
The SHIB Relative Strength Index (RSI) was below the neutral 50 mark, The Money Flow Index (MFI) far outperformed.this is On balance volume (OBV) showed a continuous upward trajectory.
These indicators point to bullish price action in the short term.
To dig deeper, we have presented ChatGPT with certain indicators, including the current SHIB price and its RSI. Its value could rise to $0.00001542 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 –
When will SHIB cross $1?
I posed this query on ChatGPT and got no final response in the old state. This is not surprising as price movement predictions are highly speculative.
ChatGPT later responded that the token will reach a $1 price within the next five years.
On the surface, ChatGPT’s analysis of the Shiba Inu metaverse reveals some interesting findings. Therefore, we can infer how thorough the evaluation would be if we 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 asks traders to be patient with regards to future performance of SHIB, but we can expect bullish price gains in the short term.