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I asked ChatGPT if Shiba Inu can hit $0.1; Absolutely, it said!

Press Releases Crypto News AMB-Crypto I asked ChatGPT if Shiba Inu can hit $0.1; Absolutely, it said!

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice. It is solely the writer’s opinion.

The crypto-market has been on a bullish surge recently, with the latest price rally beginning in mid-October. Shiba Inu [SHIB] has been no exception, with the meme coin posting considerable gains in the past month.

Additionally, Shiba Inu’s Shibarium has also received accolades for its performance, processing record requests since its launch.

In a whirlwind of cryptocurrency fervor, memecoins, propelled by vibrant communities, have seized the spotlight. SHIB emerged as a major player, riding the waves of community support rather than real-world utility.

In fact, such has been the craze that in the past as well, AMBCrypto has enquired about what AI bots like ChatGPT think of SHIB.

Shiba Inu’s origins and its popularity

The tale began in 2020 when an enigmatic figure or a group, named Ryoshi, started SHIB as an ironical tribute to the eponymous Japanese dog breed, also Dogecoin’s [DOGE] mascot. A parody of the crypto-frenzy, the project started from zero, with zero, in the spirit of creating something out of nothing. It was not founded from an existing community or preassembled team.

SHIB, an Ethereum [ETH]-based ERC-20 token, quickly soared in popularity due to its charismatic ShibArmy and strategic endorsements by online influencers. Notably, Elon Musk’s foray into Dogecoin’s world also fueled SHIB’s meteoric rise. The ShibArmy, a passionate community, spearheaded SHIB’s success, accumulating over 27,000,000% in price rise from January to October 2021.

July 2021 saw the emergence of ShibaSwap, SHIB’s decentralized exchange. It marked a paradigm shift, adopting the automated market maker (AMM) model. It allowed users to “dig” (provide liquidity), “bury” (stake), “fetch” (retrieve) and swap SHIB, LEASH, and BONE tokens. The innovative passive income reward

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Author: Suzuki Shillsalot

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