DOJ Will Investigate AI-Related Crimes, Attorney General Blanche Says 
NASA, Boeing Discuss Expanding Starliner Missions 
Novo Nordisk Weighs Direct NYSE Listing to Boost U.S. Profile 
Nike Earnings at Risk as UBS Cuts Price Target to $42 
Bitcoin Surges Past $85,000 Amidst Rising Risk Appetite 
Japan, U.S. Discuss $19 Billion GlobalFoundries Chip Plant 
SoftBank Launches $11 Billion Bond Sale to Fund OpenAI Investment 
US Northeast Airports Resume Operations After Telecom Outage Disrupts Thousands of Flights 
SpaceX Nasdaq 100 Weight to More Than Double in Rebalance 
Apple Pay Set for India Launch With Axis Bank 
Petrobras Joins Brazil Diesel Subsidy Program 
SK Hynix, Intel Discuss U.S. Memory Chip Production Deal 
China Reviews Broadcom Switch Use in State Data Centres 
 Future: ChatGPT Weighs In on Shibarium and FOMC’s Role in a 2024 Comeback - EconoTimes)
Add as a preferred source on Google
After a 62% drop from its 2024 peak, Shiba Inu (SHIB) may have a path to recovery. ChatGPT identifies Shibarium’s development and the Federal Reserve’s upcoming decisions as key drivers for a potential price rise before the year ends.
ChatGPT Provides Insight on SHIB's 2024 Potential
The price of the second-largest meme coin by market capitalization surged to a peak of $0.00003629 in the first quarter of 2024. However, it has been declining ever since, and it is now selling at approximately $0.00001364, a 62% drop from its annual peak.
Given the anticipation within the SHIB community for a potential revival, CryptoPotato decided to inquire with ChatGPT about the likelihood of such a development occurring before 2024 comes to a close.
Shibarium’s Role in SHIB’s Future Growth
According to the AI-driven chatbot, it's tough to say for sure what will happen in such a situation, but it did list a number of potential reasons, the most crucial of which being the development of Shibarium.
The Shiba Inu ecosystem could benefit from the layer-2 scaling solution's scalable, cost-effective, and efficient infrastructure. The protocol has been significantly improved over the last several months, and there are several in the industry who think that the SHIB price can profit from its continued development.
“If Shibarium gains traction and sees increased adoption, it could boost demand for SHIB, as users would need the token for transaction fees and interacting with the network,” according to ChatGPT.
Shiba Inu Burn Strategy Targets Scarcity
Next on the agenda is Shiba Inu's burning program, the long-term objective of which is to decrease the massive supply of meme coins in circulation, therefore increasing its scarcity and, perhaps, its value (assuming demand remains stable or increases).
The impending FOMC meeting, which is slated to be held on September 18, is another probable reason that suggests SHIB's upswing could happen this month. The US Federal Reserve is predicted to decrease interest rates for the first time in years following this meeting. This shift lowers the cost of borrowing money and may attract more investors to riskier assets like cryptocurrency.
