The Shiba Inu cryptocurrency, a popular meme coin, is expected to see a significant price surge according to a machine learning algorithm by CoinCodex. The algorithm predicts a 119% increase in the next 5 days, taking the price from its current level of $0.000017 to $0.00003839. Despite this short-term bullish outlook, the algorithm forecasts a 3.66% decline over a 30-day period, bringing the price back to $0.00001686. The meme coin is still far from its 2021 all-time high of $0.00008845, and it may take until 2029 to reach a new peak. The current market sentiment remains bearish, but the Fear & Greed Index shows a score of 71 (Greed), indicating investor willingness to put money into the market.
