Dogecoin (DOGE) and Shiba Inu (SHIB) have been two of the most popular meme coins over the past few years, boasting enormous communities and mainstream adoption.

Given the current volatility in the crypto market, many investors are contemplating whether DOGE or SHIB offers a better buying opportunity.

In this article, we discuss AI model ChatGPT’s thoughts on Dogecoin and Shiba Inu, before highlighting a new meme coin called Meme Kombat (MK) that the model believes could be the market’s next breakout star.

ChatGPT Predicts Range-Bound Trading Environment for Dogecoin

Dogecoin is trading around $0.058, showing poor momentum and a lack of clear direction.

While DOGE has tried to evolve beyond just a meme token and find more utility, its price remains stuck at lower levels without any significant new developments.

Given the absence of notable updates or endorsements and the current uncertain market conditions, ChatGPT predicts that Dogecoin will likely remain range-bound in the near term.

Unless investor enthusiasm improves dramatically, ChatGPT predicts DOGE will hover between $0.05 and $0.08 through the end of 2023 without a clear catalyst to break out in either direction.

Development Delays and Uncertainty Prompt Bearish ChatGPT Forecast for Shiba Inu

Shiba Inu is now hovering around the $0.0000068 level and facing similar challenges as Dogecoin.

SHIB is experiencing poor momentum and an uncertain market environment, plus delays in the development of its Shibarium network are hampering the token’s outlook.

With no apparent catalysts for a breakout, ChatGPT believes it’s unlikely Shiba Inu will see substantial gains by the end of the year.

The model predicts that SHIB will continue trading close to current levels near $0.0000068, potentially ranging between $0.0000050 and $0.0000090 through the end of the year.

ChatGPT anticipates a neutral to bearish outlook for SHIB into 2024, unless there is visible progress from the Shibarium developers or a turn for the better in market conditions.

ChatGPT Views Dogecoin as Safer Bet Among Meme Coins Currently

Given the lackluster momentum and unclear outlook for Dogecoin and Shiba Inu, ChatGPT views neither as

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Author: BeInCrypto Team

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