“SHIB will require community support, significant ecosystem developments, and favorable market conditions to achieve this status,” ChatGPT estimated.
TL;DR
The popular meme coin performedquite well in 2024, and at one point, it had secured a position among the top 10 largest cryptocurrencies by market capitalization. Over the past several months, though, many of its rivals surpassed it. The self-proclaimed Dogecoin killer is currently the 19th-biggest digital asset, and we asked ChatGPT whether it can return to the top 10club in 2025.
The AI-powered chatbot said this is possible but requires several vital factors to be in place. First, it claimed that SHIB could climb the crypto ladder if its ecosystem continued to expand this year.
One example is the further progress of the layer-2 scaling solution, Shibarium. The protocol, whose ultimate goal is to foster the development of the meme coin, recently reached a new milestone. AsCryptoPotato reported, the total transactions processed on the network exceeded 800 million.Â
Next on ChatGPT’s list is the potential growth of SHIB’s community in the next 12 months. The SHIB Army consists of millions of investors, developers, and proponents, and their collective actions, both positive and negative, can affect the token’s market performance.Â
Third, the chatbot estimated that SHIB’s eventual rally this year would also depend on the overall crypto market conditions.The current bullish environment and the upcoming pro-crypto president of the United States –Donald Trump (according to his presidential campaign) –suggest that the following months couldbe beneficial to the industry. However, only time will show whether this will be the case.
It is important to note that SHIB’s competitors and other new entrants may challenge SHIB to get a top position. Some examples include Pepe (PEPE), Pudgy Penguins (PENGU), ai16z (AI16Z), and more.
Shiba Inu’s biggest rival remains the largest meme coin interms of market capitalization – Dogecoin (DOGE). According to many industry participants, the OG meme coin may also experience a great year.Â
After all, Elon Musk –one of its biggest fans –will enter the US political scene. He will lead a designated agency called the Department of Government Efficiency (D.O.G.E.). Its maingoal will be to reduce government spending and solve the problem of “the suffocating massive federal bureaucracy.“
However, many Dogecoin proponents have noticed that the division’s abbreviation is the same as their favorite coin, envisioning good days ahead for the dog-themed token during Musk’s leadership.
Dimitar got interested in cryptocurrencies back in 2018 amid the prolonged bear market. His biggest passion in the field is Bitcoin and he was fascinated with its journey. With a flair for producing high-quality content, he started covering the cryptocurrency space in late 2018. His hobby is football.
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