Tesla and NatPower Partner on $5 Billion Battery Storage Expansion in Europe 
Trump’s Quantum Push Lifts IBM Stock as CEO Arvind Krishna Receives White House Praise 
Cerebras Revenue Forecast Tops Expectations, but Margin Concerns Weigh on Stock 
Trump Says Anthropic No Longer Seen as National Security Threat 
Oracle Cuts 21,000 Jobs as AI Reshapes Workforce and Cloud Expansion Accelerates 
How AI prompting turned writerly description into an everyday skill 
SK Hynix Overtakes Samsung as South Korea’s Most Valuable Company 
Alphabet Stock Slides as AI Talent Exodus and SpaceX Losses Shake Investor Confidence 
WiseTech Global Denies Knowledge of Investigation Into Founder Richard White 
JPMorgan Sees Strong Strategic Value in Potential AbbVie Acquisition of Apogee Therapeutics 
SK Hynix Moves Closer to New York ADR Listing Amid AI Chip Boom 
NTSB Investigates Boston Logan Airport Near-Miss Between Delta and American Airlines Jets 
 Future: ChatGPT Weighs In on Shibarium and FOMC’s Role in a 2024 Comeback - EconoTimes)
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.
