An analytical and self-learning algorithm has provided a Shiba Inu price prediction for March 31, 2023. Shiba Inu is currently trading at $0.00001108 after cryptocurrency markets rallied this month following the positive CPI data. Inflation in the US fell to 6% from the previous month, when it stood at 6.4%. The report caused Bitcoin to surge above $25,000, driving the entire cryptocurrency markets, including SHIB, up with it.
However, despite the recent rally, SHIB is trading nearly 15% lower than its February price. In this article, we will highlight what the price of Shiba Inu could be on March 31, 2023, according to the machine learning algorithm.
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Shiba Inu: what could be the price on March 31?
‘Price Predictions‘, is a machine learning and algorithm based price indicator that uses artificial intelligence (AI). It calculates a token’s moving average (MA), relative strength index (RSI), moving average convergence divergence (MACD), Bollinger Bands (BB) and other indicators. The AI has predicted the price of Shiba Inu for March 31, 2023.
The machine learning algorithm predicted that the price of Shiba Inu could be $0.000011 on March 31, 2023.
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Therefore, SHIB may trade sideways this month and not skyrocket in price, according to the forecast. The token is currently trading on the same number and may not return any profits to holders for the next two weeks.
SHIB is up nearly 77% from January to mid-February this year, but has lost most of its gains. Markets remain on a slippery slope due to the banking crisis that could cause leading stocks to collapse. Therefore, it is advised to remain cautious this month as the markets are volatile.
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At the time of writing, Shiba Inu was trading at $0.00001108 and is up 0.1% in 24-hour trading. However, SHIB is down 87.29% from its all-time high of $0.73, which it reached in May 2021.