Shiba Inu (SHIB), the meme token at the heart of the Shiba Inu web3 ecosystem, could hit $1 per token within the next 5-10 years.
That’s according to a new forecast from ChatGPT.
If SHIB was to hit $1 in the next 5-10 years, that would represent gains in the region of 125,000x for current Shiba Inu token holders.
Given the current supply of 589 trillion tokens, a price of $1 would mean a market cap of nearly $600 trillion.
Such a rally would eclipse Bitcoin’s 26,000x return since it briefly traded at $1 back in April 2011.
Here’s how Shiba Inu could muster up some a monstrous rally, according to ChatGPT.
How Shiba Inu Could Hit $1, According to ChatGPT
ChatGPT said that Shiba Inu hitting $1 per token could be feasible if the following three scenarios unfold.
Firstly, Shiba Inu attains mainstream adoption and “SHIB becomes a widely accepted form of payment or is integrated into popular platforms”.
Secondly, Shiba Inu attracts high developer engagement and “a large community of developers who create groundbreaking dApps and projects”.
Finally, “regulators worldwide are supportive, or at least not detrimental, to the growth of SHIB and its ecosystem”.
“In the most optimistic scenario, with exponential growth and everything aligning perfectly, we might see SHIB approach the $1 mark in the next 5-10 years,” ChatGPT concluded.
Shiba Inu recently attempted to launch a layer-2 Ethereum scaling solution called Shibarium, which would serve as the new home for the ecosystem.
It’s worth noting that a market cap of $600 trillion would value Shiba Inu at greater than the combined worth of the entire global stock and real estate markets.
Perhaps a market cap of 100s of trillions is overly optimistic.
But Shiba Inu could still hit $1 if enough tokens were burnt.
For updates as to the rate at which SHIB tokens are being burnt, check out Shibburn.com.
ChatGPT Gives Verdict on Launchpad xyz
ChatGPT is also bullish on an up-and-coming web3 project called Launchpad xyz, predicting it could post 25-30x gains by the end of 2023.
Launchpad xyz is building an all-in-one platform for all things web3: a trading and investing terminal and information hub, NFT trading tools and blockchain gaming/metaverse exploring features.
To fund the development of its platform, Launchpad xyz is in the process of conducting a highly successful presale of its native $LPX token.
The project has already raised $1.4 million via token sales, with $LPX currently on sale for $0.0445 each, though if investors move quickly, they can snag a 20% bonus.
“Should the platform prove itself to be a valuable addition to Web3, NFT and crypto space, achieving substantial user adoption, partnerships and technological advancements, $LPX could potentially hit a 25-30x growth from its presale price”, ChatGPT stated in comments cited by Finbold.
