“SHIB often benefits from speculative flows that affect the entire sector rather than needing its own news first,” Perplexity said.
It was late 2021 when the self-proclaimed Dogecoin killer shocked the cryptocurrency world with a massive price surge, pushing its market capitalization above $40 billion.
However, that peak was short-lived and Shiba Inu headed south before making an evident resurgence in 2024 (although it did not reach its all-time peak). The past year has been nothing but disappointing for the token, which has seen its price drop by 60%. And while disbelief may currently be high within the community, we asked three of the most popular AI-powered chatbots what could spark a major resurgence.
The catalysts
According to ChatGPT, SHIB is no longer considered purely a meme coin, meaning its future increasingly depends on whether its ecosystem is actually utilized. A major factor that could fuel a resurgence is the mass adoption of Shibarium.
The Layer 2 scaling solution was specifically designed to advance the Shiba Inu ecosystem by reducing transaction fees, improving speed, and improving scalability. It was officially launched in the summer of 2023 and initially generated great interest and facilitated multi-million dollar transactions on a daily basis. However, last year the protocol was taken advantage of, after which the numbers were drastically reduced.
Next on ChatGPT’s list is the Shiba Inu mechanism, adding that the meme coin’s “gigantic supply” has always been its biggest problem.
“If daily activity becomes huge (gaming, payments, DeFi, AI applications, etc.), consumption rates could accelerate dramatically. A true revival would likely require the market to believe that supply can reduce significantly over time,” he added.
Last but not least, the chatbot assumed that the introduction of a spot SHIB ETF could positively impact the price of the token because it would attract more investors to the ecosystem. Recall that US regulators have already approved the launch of such products with ETH, XRP, SOL, DOGE and other altcoins as underlying assets.
Perplexity agreed with ChatGPT’s comments on the burn rate and role of Shibarium, adding that a renewed meme coin season can also greatly benefit SHIB:
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“When Dogecoin, Pepe, and similar coins start to break out together, SHIB often benefits from speculative flows from across the sector rather than needing its own news first.”
The ‘Bitcoin effect’ and more
The third chatbot we consulted was Google’s Gemini. He suggested that SHIB’s next breakout will largely depend on Bitcoin’s price movement, noting that the meme coin has matured to a point where it is unlikely to reach the moon in isolation.
“If Bitcoin (BTC) hits all-time highs and market liquidity increases, the ‘hot money’ typically rotates from Bitcoin to Ethereum, and then to high-risk, high-reward meme coins like SHIB,” he said.
Additionally, Gemini referred to the importance of whale activity. He stated that Shiba Inu has limited chances of registering a clear resurgence without the participation of large investors.
