Machine Learning Algorithm Predicts Dogecoin And Shiba Inu Price For June 2024

Expectations for Dogecoin and Shiba Inu Prices

Machine learning algorithms have predicted the potential price trajectories of Dogecoin and Shiba Inu for June 2024, revealing a significant divergence in their prospects.

Shiba Inu to Reach Previous ATH Levels in June 2024

The Coincodex machine learning algorithm forecasts a bullish outlook for Shiba Inu, particularly in June 2024. The prediction suggests a surge towards its all-time high of $0.00008.

Specifically, the algorithm estimates a price of $0.00008086, representing a 229% increase from its current level of $0.000025. This is approximately 10% below its all-time high of $0.00008845, potentially setting the stage for a new high.

In the short term, the algorithm anticipates a rally this week, projecting a 5-day value of $0.00003203, a 30% increase from the current level. This could lead to a positive conclusion for Shiba Inu in May.

Long-term, the algorithm predicts a yearly high of $0.000117 in 2025, surpassing the current all-time high. However, a new all-time high is not expected until 2029, with a projected yearly high of $0.000157.

Dogecoin Price Prediction

In contrast to Shiba Inu, the machine learning algorithm holds a more bearish view for Dogecoin. It estimates a June 2024 price of $0.143, a decline of almost 14% from its current value.

The bearish sentiment extends to the short term as well, with a 5-day price prediction of $0.1646, a 1.0% decrease. However, the algorithm notes that Dogecoin indicators remain bullish, with the Fear & Greed Index indicating "Greed." This suggests that investors are still inclined to invest in Dogecoin.

The algorithm forecasts a price of $0.72 in 2025 for Dogecoin and does not anticipate it reaching $1 until 2029, when it projects a yearly high of $1.42 before a subsequent correction.

Dogecoin and Shiba Inu Price

At the time of writing, Shiba Inu trades at $0.00002557, up 3.82% in the past day. Dogecoin, on the other hand, has declined 1.44% to $0.16 in the same period.