Bard AI Predicts 2024 Crypto Champion: Shiba Inu or Dogecoin?

• Shiba Inu and Dogecoin: A Three-Year Rivalry
• Predicting the Future of Memecoins with Google's Bard AI
• Bullish Scenario: SHIB and DOGE
• Bearish Scenario: SHIB and DOGE
• The Memecoin Crown: SHIB versus DOGE in 2024

Shiba Inu and Dogecoin: A Three-Year Rivalry

Over the last three years, a rivalry has developed between Shiba Inu$0.000010 -2.05% (SHIB) and Dogecoin$0.091 -0.42% (DOGE), two of the leading meme coins by market capitalisation. These are the only meme coins ranked among the top 20 cryptocurrency projects.

Despite Dogecoin's advantage of being the first of its kind, Shiba Inu has enjoyed a rapid surge since its launch three years ago. Both coins have established a dedicated community, with their adoption rates increasing annually.

Predicting the Future of Memecoins with Google's Bard AI

According to Google's Bard AI (Artificial Intelligence), a number of factors could influence the future trajectory of both SHIB and DOGE. It suggests that community efforts and market sentiment could be key to determining how the prices of these meme coins evolve over time.

Bard presents two potential scenarios for Shiba Inu and Dogecoin:

Bullish Scenario: SHIB and DOGE

In an optimistic scenario, Bard predicts that SHIB could reach a peak price of $0.000020, signifying an increase of over 115% from its current value. For SHIB to achieve this, the project would need to focus on significant ecosystem development and enhance its utility.

For DOGE, a bullish turn of events could result in a price as high as $0.40, an impressive rise of over 470% from its present level. To succeed, DOGE would need to bolster its image through hype, celebrity endorsements, positive market sentiment and mainstream acceptance.

Bearish Scenario: SHIB and DOGE

In a less favourable scenario, the price of Shiba Inu could plummet to $0.000005, marking a roughly 44% drop from its current standing. This fall could be triggered by unexpected events, regulatory interventions or a market crash.

In the same scenario, Dogecoin's price could drop to $0.06, falling approximately 14% from present levels.

The Memecoin Crown: SHIB versus DOGE in 2024

Based on predictions by Google's Bard AI, Dogecoin may have the upper hand in its contest with Shiba Inu by 2024. However, the AI does not definitively name a winner, noting that multiple factors could influence both tokens, leading to potentially varied outcomes.

Edited by Jonathan Stoker