As the third month of 2023 draws to a close, Shiba Inu (SHIB) has experienced negative results despite the growth of other leading cryptocurrencies in the top 20 digital assets by market capitalization. Such market performance has caused traders and investors in the cryptocurrency market to seek more information regarding the future movements of SHIB. One way to do so is by utilizing artificial intelligence, such as machine learning platforms.

PricePredictions, a cryptocurrency tracking platform, conducted machine learning algorithms to project the price of Shiba Inu at the end of March being $0.000011. This prediction outcome was noted as rather accurate, as SHIB traded only slightly lower than the estimate at $0.0000106 during the time of publishing.

Price predictions for the end of April for SHIB suggest a further decrease to $0.000010, despite wider gains across the market at the end of March. Such projections are a result of technical analysis, such as moving averages (MA), moving average convergence divergence (MACD), Bollinger Bands (BB), relative strength index (RSI), average true range (ATR) and other indicators utilized by machine learning algorithms.

Currently, a total market capitalization of $6.2 billion marks SHIB as the fourteenth largest digital asset. Analysis from the finance and crypto monitoring website TradingView puts the one-day gauge to 'sell' at 12 and moving averages to 'sell' at 10, signifying bearishness. However, investors may be in hope that the recent update to the Shibarium testnet, and the ‘FUD’ (‘Fear, Uncertainty, and Doubt’) it has chased away, will result in an increase of price for SHIB.

It is important to note that all cryptocurrency trading is highly speculative, and readers should not consider the content in this article as investment advice. Any capital risk taken should be done so after extensive research and caution.



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