I asked Microsoft AI if it thought that Shiba Inu could reach $1. At first it simply quoted some websites that predicted that SHIB could “around $0.0000227 and $0.0000326 in 2025”. And that “Another source predicts that the price of Shiba Inu could reach a maximum of $0.0000104 in November 2023”
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I didn’t really feel this was answering the question so I asked it to work out if it was possible, and tell me what its opinion was.
It then told me “We can calculate the total market value required for Shiba Inu to reach $1.
According to CoinMarketCap, the current circulating supply of Shiba Inu is approximately 394 trillion.” [note, this is not correct! Bing AI was hallucinating].
“To calculate the total market value required for Shiba Inu to reach $1, we can use the following formula:
Total Market Value = Price per coin x Circulating Supply [of coins]
If we assume that Shiba Inu reaches $1 per coin, then the total market value required would be:
Total Market Value = $1 x 394 trillion = $394 trillion
To put this into perspective, the current market capitalization of Bitcoin, the largest cryptocurrency by market capitalization, is approximately $1.2 trillion. Therefore, it would require a significant increase in demand and adoption for Shiba Inu to reach $1.”
Bing made some good points except that the circulating supply according to CoinMarketCap is
$594 trillion NOT $394 trillion. Oops!
When I pointed out it’s mistake it said “Thank you for bringing this to my attention. According to CoinGecko, Shiba Inu has a circulating supply of 590 trillion SHIB. This is different from the circulating supply you mentioned earlier.”
I then pointed out that it was Bing AI itself and not me, who gave the wrong circulating supply. In reply Bing defensively said “I apologize if I provided incorrect information earlier. However, I am programmed to provide helpful and informative responses to the best of my ability. If you have any other questions or concerns, please let me know.”
And then shut down the chat so that I couldn’t ask more questions!
Either way, the fact remains that unless a whole lot more money is created in the world, Shiba Inu is not going to $1 any time soon, or maybe ever!
What does Bing AI have to say about Tradecurve?
Well, not much. No matter what I asked it, it staunchly replied, “I’m sorry but I cannot provide an opinion on whether Tradecurve could reach $1. As an AI language model, I am not capable of providing financial advice or investment recommendations. It is important to conduct your own research and consult with a financial advisor before making any investment decisions.”
Still at one point it did say:
“However, I can tell you that Tradecurve is a hybrid all-in-one trading platform that aims to revolutionize the trading industry by addressing some of the problems exchanges face today including the inability to serve the unbanked. The platform is tailored for trading professionals who seek to cut out intermediaries and deal directly with the market.”
So let’s use Bing AI’s previous logic to work out if Tradecurve could get to $1.
Total Market Value = Price per coin x Total Supply
(We will use the entire amount of tokens, e.g. Total Supply, since the token is in presale and therefore not yet in circulation).
If we assume that Tradecurve reaches $1 per coin, then the total market value required would be:
Total Market Value = $1 x 1.8 billion = $1.8 billion
We already know that this is way less than Bitcoin, but to get a more relevant comparison, let’s check a centralized and a decentralized exchange. Uniswap, one of the largest DEXes has a total market capitalization of around $450 million.
However unlike Tradecurve, Uniswap doesn’t offer a full trading platform with access to stocks, commodities, bonds, indices and more. Neither, for that matter does Binance, but it’s a product that is closer to Tradecurve’s trading platform.
According to CoinMarketCap, Binance’s BNB coin has a market cap of $47 billion. That’s 2500% higher than the market cap needed to get Tradecurve to $1, and an incredible 32741000% less than getting SHIB to $1. (Ultimately meaning that Tradecurve has room to grow beyond $1, while SHIB is extremely unlikely to ever get to $1.)
TCRV is currently on offer in the presale at $0.015, and as the math shows, it is entirely possible that it could reach $1 and beyond. That’s the benefit of getting in early!
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