Over the past few months, there have been a number of highs and lows for the Shiba Inu [SHIB] network. This was done in accordance with the overall bitcoin market. Although there have been more lows than highs, the community anticipates financial success once Shibarium is released. The Shib Army’s community was growing as it awaited the layer-2 release.
At the time of publication, the network’s total number of unique addresses reached an all-time high of 1.29 million.
Sadly, just 35% of these SHIB holders were generating profits while more than half were losing money. 60% of them were profitable at the meme coin’s current price, according to IntoTheBlock.
The meme currency was currently down 1.23% daily, selling at $0.00001153. Shiba Inu is now 86.97% below the $0.00008845 all-time high it reached almost a year ago. With the introduction of Shibarium, the network is getting ready to burn billions of SHIBs. This would increase the launch’s buzz even more, which would eventually drive up the price of the meme currency.
It is predicted that the beta version of Shibarium will launch on February 14, 2023, which is Valentine’s Day.
But will this pattern continue? This artificial intelligence platform forecasts the price of SHIB will go in the direction shown below during the next month.
Shiba Inu: What Might the Cost Be on February 2?
Artificial intelligence forums have been projecting the price of SHIB as predictions remain in the spotlight. Shiba Inu is predicted to trade in a similar range by Price Predictions, a machine learning method.
This Shiba Inu forecast was supported by a number of data points. This comprises the Moving Averages, Bollinger Bands, Relative Strength Index, and Moving Average Convergence Divergence, or MACD.