Expectations for Dogecoin and Shiba Inu's prices have diverged significantly as a machine learning algorithm predicts their trajectories for June 2024. The algorithm anticipates a strong performance for Shiba Inu, while taking a more bearish outlook on Dogecoin.

The Coincodex machine learning algorithm forecasts a bullish trend for Shiba Inu in June 2024, aligning with an overall positive outlook for the crypto market. It predicts Shiba Inu will surge towards its previous all-time high of $0.00008. Specifically, the algorithm estimates Shiba Inu's price will reach $0.00008086, marking a 229% increase from its current level of $0.000025. This prediction is just 10% below its all-time high of $0.00008845, suggesting a potential new peak for the meme coin.

In the short term, the algorithm also projects a rally for Shiba Inu, with a 5-day forecast of $0.00003203, a 30% rise from its current price. This indicates that Shiba Inu could end May on a high note. Looking further ahead, the algorithm expects Shiba Inu to hit a yearly high of $0.000117 in 2025, achieving a new all-time high. However, it doesn’t foresee a brand-new all-time high until 2029, with a predicted price of $0.000157.

In contrast, the machine learning algorithm predicts a bearish trend for Dogecoin. It forecasts Dogecoin’s price to be around $0.143 in June 2024, a nearly 14% decline from its current level. In the short term, a 5-day prediction indicates a slight decrease to $0.1646, a 1.0% drop. Despite these bearish predictions, Dogecoin's indicators remain bullish, with its Fear & Greed Index showing "Greed," suggesting continued investor interest.

For the long term, the algorithm predicts Dogecoin will reach $0.72 in 2025, but it doesn’t expect the price to exceed $1 until 2029, when it forecasts a peak of $1.42 before a subsequent decline.

As of now, Shiba Inu is trading at $0.00002557, a 3.82% increase over the last day. Dogecoin, meanwhile, has seen a 1.44% decline, trading at $0.16.