Shiba Inu (SHIB), the 12th largest cryptocurrency, has made improvements to its blockchain and announced the launch of a stablecoin. Despite experiencing significant volatility throughout the year, SHIB prices have increased by 154.90% year-to-date. OpenAI's ChatGPT-4o model predicts that SHIB could reach prices as high as $0.00006656 in a bullish scenario, but has a price target of $0.00002576 in a bearish scenario. The model highlights increased utility, institutional interest, and fully homomorphic encryption as bullish factors, but cautions about the token's dependence on social media and hype, as well as regulatory risks.
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