ChatGPT’s Price Prediction for Shiba Inu is Bearish as Shibarium Launch Causes Dip – Two Meme Coin Alternatives

ChatGPT has become a widely-used tool for generating insights, predictions, and opinions across many topics, including the crypto market.

When asked for a prediction on Shiba Inu’s ($SHIB) price following the lackluster Shibarium launch, the AI model offered a pessimistic take, surprising long-term holders.

With $SHIB facing headwinds, ChatGPT also identified two alternative presale meme coins worth monitoring ahead of their market debuts in the coming weeks.

Shiba Inu Stumbles as Shibarium Encounters Rocky Launch

The price of Shiba Inu has fallen 22% in the past week amid the troubled launch of its long-awaited Shibarium layer-2 network.

$SHIB is currently trading at $0.0000088, having closed in the red for four days in a row – and looking likely to make it five.

A significant portion of the negative sentiment towards $SHIB stems from the rollout of Shibarium, which finally went live on August 16.

As reported by Cointelegraph, leaked Telegram screenshots revealed that Shibarium’s developers had made an error, making it impossible for some to retrieve bridged assets on the new network.

Naturally, this sparked concerns over Shibarium’s reliability, translating into selling pressure on the Shiba Inu ecosystem’s tokens – including $SHIB, $BONE, and $LEASH.

This selling pressure shows no signs of slowing, hinting there could be further pain ahead for embattled token holders.

ChatGPT Forecasts a Bearish Future for $SHIB

ChatGPT offered a bearish outlook on Shiba Inu’s price trajectory for the rest of 2023 when given the above context.

The AI model predicted that if the Shibarium issues linger without a quick resolution by the developers, it could shake investor sentiment enough to prompt a large-scale sell-off.

As such, ChatGPT forecasted that by year’s end, the price of $SHIB could fall to between $0.0000060 and $0.0000080 if the current circumstances persist.

Only time will tell whether ChatGPT’s prediction comes true; however, it underscores the potential downside risk for $SHIB if doubts around the highly-anticipated Shibarium network are not rectified.

Which Alternative Coins Has ChatGPT Highlighted?

Given the uncertainty surrounding $SHIB and the Shibarium network, ChatGPT has identified several alternative opportunities in the meme coin space.

Sonik Coin and Wall Street Memes are two of ChatGPT’s top picks – both capturing the attention of investors through their respective presale phases.

Sonik Coin Gains ChatGPT’s Attention Following Early Presale Success

The first token that ChatGPT is optimistic about is Sonik Coin ($SONIK), a brand-new Sonic the Hedgehog-themed meme coin.

The coin’s creators have decided to launch a presale phase ahead of its official market debut, allowing early backers to acquire $SONIK at a discounted price.

As of now, Sonik Coin’s presale has already raised nearly $100,000 in just two days, with tokens available to purchase for $0.000014.

Sonik Coin’s unique branding, combined with its built-in staking protocol, has captured investor focus – especially given the prevalence of new meme coins with no real use cases.

Moreover, the fact that Sonik Coin’s team has set aside 10% of the total $SONIK supply for DEX liquidity has also boosted the coin’s appeal within the investment community.

Given these factors, ChatGPT anticipates that $SONIK may undergo a substantial price boost post-launch.

According to ChatGPT, $SONIK could surge to between $0.000030 and $0.000050 shortly after its Uniswap listing.

Should this scenario occur, it would represent gains of 114% to 257% for presale buyers.

Although speculative, ChatGPT’s prediction highlights the potential upside for Sonik Coin if it can effectively leverage its presale hype.

Visit Sonik Coin Presale

ChatGPT Foresees Wall Street Memes Price Surge as Presale Reaches $24.6m

Wall Street Memes ($WSM) is another new meme coin ChatGPT believes could be set for big things in 2023.

The Wall Street Memes presale has been one of the most significant events in the meme coin space this year, raising over $24.6 million – and counting.

This 30-stage presale has now reached its penultimate stage, with $WSM tokens available for just $0.0331.

Once the presale ends, Wall Street Memes’ team plans to launch $WSM on major exchanges, boosting the token’s accessibility and liquidity.

Moreover, the team also intends to create an exclusive “gated community” for $WSM holders, with the ultimate goal being a $1 billion market cap for the token.

Unsurprisingly, these lofty ambitions have generated excitement in the rapidly-growing Wall Street Memes community, which now comprises over 1.1 million followers across several social media channels.

When presented with the context around Wall Street Memes’ presale progress, ChatGPT was highly optimistic about the token’s prospects.

Per ChatGPT, the $WSM price could reach $0.050 to $0.070 shortly after its exchange debut – representing a potential return of up to 111% for those who invest at the current presale price.

As always, although hypothetical, this bullish forecast highlights Wall Street Memes’ solid position heading into its final presale stage.

Visit Wall Street Memes Presale