The race to dominate the 2024 bull cycle is on, with different cryptocurrencies trying to outperform each other as we get closer to the Bitcoin halving. Two of the top cryptocurrencies in the market right now are Shiba Inu (SHIB) and XRP.
Both cryptocurrencies have vibrant and dedicated communities, who want to know if their beloved cryptocurrency will come out on top.
We’ve given the task of choosing a winner to Bard, Google’s AI-powered Large Language Model (LLM), known for its ability to quickly process vast amounts of data and provide useful, human-sounding responses to prompts.
Which Cryptocurrency Will Win in 2024?
Bard began by stating that picking a clear winner is practically impossible. The AI tool wrote, “It’s impossible to definitively say which, XRP or Shiba Inu (SHIB), will win in 2024 in terms of pure price performance. Both have distinct characteristics and are influenced by different factors, making a direct comparison challenging.”
However, Bard provides insights into potential price targets based on the price trends of both tokens and expert opinions from people in the market.
Google Bard’s Prediction for Shiba Inu (SHIB)
Shiba Inu (SHIB) is currently trading at $0.000009716, showing a disappointing 8.18% decline over the past year. Despite the grand plans and efforts from the community, SHIB has not met expectations.
However, Google Bard mentioned some of SHIB’s strengths, which are high community engagement, meme coin popularity, and potential integration with the ShibaSwap ecosystem. Bard also listed weaknesses, including limited utility, high supply, and reliance on market sentiment.
It gave three price predictions for Shiba Inu (SHIB) in 2024, setting a maximum of $0.000013, a neutral target of $0.00001, and a minimum target that will see the meme coin remain at its current level or decline.
Bard’s Prediction for XRP
On the other hand, XRP is trading at $0.5791, up 49.19% in the past year. Google Bard lists an established payment network, fast transaction speed, low fees, and the potential favorable resolution of the SEC lawsuit as its strengths. For its weaknesses, Bard lists regulatory uncertainty and limited adoption beyond cross-border payments.
Bard gives an optimistic prediction of $1.07 by Q4 2024. However, if XRP can’t reach this target, it could hit $0.75 by the end of the year. The chatbot also mentions that XRP could see a potential retracement if legal issues or a market downturn occur.
The Takeaway
According to Bard, XRP may offer more stable and potentially higher returns. While SHIB only offers a 33.79% increase, XRP could provide an 84.76% return to its users. And with a potential XRP ETF coming this year, XRP could soar higher.
Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
