Machine learning algorithm sets SHIB price for February 1, 2023

Machine learning algorithm sets SHIB price for February 1, 2023

Shiba Inu (SHIB) finished the week ending January 13 as the most popular cryptocurrency in the market, with the dog meme token ranking first on CoinMarketCap’s trending list. 
With the launch of the Shibarium testnet on the horizon, traders and investors are eager to know at what price SHIB will trade next month as Shiba Inu developers published details on how the new Ethereum layer-2 blockchain will operate on January 15.
The machine learning algorithm at PricePredictions projects that SHIB is likely to extend the bullish trend across January into February. According to the projection, the decentralized finance (DeFi) asset would likely trade at $0.000011 on February 1, representing an increase of about 4.66% from SHIB’s price at the time of publishing.
The AI forecast utilizes technical indicators such as moving average (MA), moving average convergence divergence (MACD), relative strength index (RSI), and Bollinger Bands (BB), among others.
Shiba Inu price analysis
At press time

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