As 2022 draws to a close, meme coin Shiba Inu (SHIB) looks to have failed to match last year’s highs. Unsurprisingly, the digital asset has suffered with the rest of the cryptocurrency sector impacted by the effects of Terra (LUNA) ecosystem collapse and, more recently, the devastating meltdown of the crypto exchange platform FTX.
However, the machine learning-based algorithms at PricePredictions, which factor in indicators like moving average (MA), relative strength index (RSI), moving average convergence divergence (MACD), Bollinger Bands(BB), and others, suggest that SHIB’s value may rise by the end of the month.
As per this forecast, the market’s largest decentralized finance (DeFi) asset by market capitalization is set to trade at $0.000010 on December 31, 2022, which represents an increase of 9.8% compared to its price at press time.
SHIIB 30-day price prediction. Source: PricePredictions
It should also be noted that the predictions of the machine-learning algorithms are l
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