- The crypto market continues to fluctuate, with Bitcoin hovering around $62,000 and altcoins showing mixed performance.
- Amid this uncertainty, we look at AI predictions for XRP and SHIB Coin prices for May 31.
- While many assets in the crypto market are in the red, popular meme coin Shiba Inu (SHIB Coin) is predicted to see a modest price increase in the coming weeks.
AI predictions for May 31 suggest a slight increase for SHIB Coin and a potential drop for XRP Coin, amidst market fluctuations.
AI Predicts SHIB Coin Price for May 31
Despite the absence of significant announcements or developments over the weekend, SHIB Coin saw a surprising rise this week, influenced by the meme coin craze. However, it has started to lose altitude. According to the latest prediction from crypto analysis platform PricePredictions, Shiba Inu may continue to progress throughout May. The AI predicts that the SHIB Coin price will reach $0.000024 by May 31, implying a slight increase from the current SHIB coin price of $0.00002321.
SHIB Coin Price Analysis
Shiba Inu suffered a 4.5% loss in the last 24 hours and a 2.5% drop in the previous seven days. However, it recorded a 4.63% increase on its monthly chart and a 130.04% growth since the beginning of the year. Noted crypto analyst Ali Martinez pointed out that SHIB has broken the upper boundary of a decreasing parallel channel at $0.00002444, suggesting that SHIB could see a rise to $0.00002954.
AI Predicts XRP Coin Price for May 31
The ongoing legal battle between the SEC and Ripple has been putting pressure on the XRP Coin price. However, as we enter the final stages of this legal fight, interest and hopes for XRP are increasing again. Despite the current uncertainty with XRP struggling to hold above $0.50, PricePredictions’ algorithms predict a downward trend for the token. The AI predicts that XRP will drop to $0.487329 by the end of May, implying a 3.637% drop over two and a half weeks from today’s trading price of $0.505731.
Crypto Experts See Bigger Moves Ahead
However, experts largely disagree with the algorithm’s prediction. Analyst Dark Defender stated that while the current situation continues to be challenging, price targets for the upcoming super cycle waves remain high at $1.88, $5.85, and $18.22.
Conclusion
While AI predictions suggest a slight increase for SHIB Coin and a potential drop for XRP Coin by May 31, expert opinions vary, with some seeing bigger moves ahead. As always, investors are advised to do their own research and consider multiple sources before making investment decisions.
