After the United States Securities and Exchange Commission’s (SEC) continuous assault on crypto companies and Silvergate Capital Corporation’s (the holding company of crypto-focused Silvergate Bank) decision to wind down operations, the crypto market has turned negative, with Bitcoin (BTC) tumbling below the $20,000 barrier.
Hence, many in the cryptocurrency space are unsure of the long-term worth of prominent altcoins like Shiba Inu (SHIB), renowned for producing price pumps among retail traders, leading many investors to turn to machine learning algorithms to anticipate the value of Shiba Inu at the end of the month.
The predictions of the crypto community on CoinMarketCap for the meme token’s price over the last six months have historically been accurate to the tune of 83%, making them an alternative to the artificial intelligence (AI) price estimate. It’s worth noting that as of the end of February, the most recent estimate accuracy was 99.98%.
If the estimations of 3,026 member votes prove correct for March 31, it would mean that the price of SHIB by the end of March will trade at $0.00001191, an increase of 18.77% or +$0.000001882 at the time of publication.