Dogecoin (DOGE) and Shiba Inu (SHIB) are both down in 2023, with investors eagerly awaiting a rebound.

As meme coins, their trajectories are often hard to predict – yet we employed the help of ChatGPT to obtain insights into their future price movements.

In this article, we reveal ChatGPT’s thoughts on whether Dogecoin or Shiba Inu will ever hit $1 before highlighting an alternative meme coin that the AI model believes could be set to pump before the end of the year.

Top Meme Coins Face Market Challenges as Negative Sentiment Weighs on Price

Dogecoin and Shiba Inu remain the world’s top two meme coins, yet it has been a challenging few months for both.

The coins have suffered from waning investor enthusiasm and negative sentiment throughout the broader crypto market, contributing to bearish price action.

Additionally, newer meme coins like Pepe (PEPE) have taken the spotlight in 2023, producing far higher returns than DOGE and SHIB.

Nevertheless, Dogecoin and Shiba Inu still have a combined market cap of over $13 billion and are responsible for more than $320 million in daily trading volume.

This means that, despite their recent challenges, both coins remain major players in the crypto market.

Does ChatGPT Believe DOGE or SHIB Can Ever Reach $1?

Given that context, ChatGPT gave a surprising prediction for whether Dogecoin or Shiba Inu will ever hit the fabled $1 milestone.

According to ChatGPT, Dogecoin reaching $1 is much more feasible, given the respective prices of the coins.

For Dogecoin to reach $1 from its current price of $0.062, it would require a 1,613% increase, which ChatGPT believes could happen with a massive influx of investment, strategic partnerships, or a major endorsement.

However, ChatGPT did note it would still require a “perfect storm” of positive events for this to occur.

For Shiba Inu, reaching $1 from its current price of $0.0000072 would require a jaw-dropping 13,888,900% surge.

Unsurprisingly, ChatGPT believes this is less probable than Dogecoin hitting $1, as it would require enormous global adoption and a huge change in tokenomics.

While ChatGPT notes that both coins have potential, the AI model states that any highly opti