CoinChapter.com: Shiba Inu (SHIB-USD) bounced back and turned green today, but experts believe that it will not be there in the long run. The Finder, a market research and analysis platform, surveyed a panel of 36 fintech experts recently for their views on the performance of Shiba Inu over the next decade. Among them, 17 panelists responded to questions about SHIB, and 10 panelists forecasted SHIB’s price. The Finder used a truncated mean to calculate the average response by removing 10% of responses from the top and bottom. According to the poll, Finder’s fintech specialist predicted Shiba Inu to reach its lowest level by 2030.
Let’s have a closer look at the result of the survey to see what these specialists think about the future of this so-called ‘meme coin’.
Present status of Shiba Inu Crypto
Cryptocurrency struggled a lot during the recent crash. However, price predictions for Shiba Inu have risen by 12% after falling steeply along with other cryptocurrencies in the aftermath of the previous week’s market selloff.
While Shiba Inu crypto jumped almost 3% at the time of this writing, it is still in the red for this week. The value of Shiba Inu has fallen considerably since last month. The overall fallout may portend its future.
Where is it heading?
What exactly did Finder’s survey reveal about the performance of Shiba Inu Crypto? 30% of panelists who issued price predictions think that SHIB will hit $0 by the end of this year. 60% of the panelists expect it to happen by the end of 2025, and 70% think that Shiba Inu will be worth nothing by 2030. The predicted average value of SHIB will be worth $0.000018750 by 2022, $0.000002500 by 2025, and finally, it will plunge to $0.000000325 by the end of 2030.
The director of funds at DigitalX Asset Management, Matthew Harry, was one of the members of this panel. He said that he could not be optimistic about SHIB and expected it to reach $0.0001 at the end of 2022 but would be worth nothing within the next 3 years. “This market is maturing and things like SHIB will die as capital begins to flow to quality and value rather than being scattered across the field in the hope that every player wins a prize. That’s not how things work. “Hype dies, the value rises,” Harry stated.
Dimitrios Salampasis, the director and lecturer at Australia’s Swinburne University of Technology, also agrees with Harry. In the economy, Salampasis predicted, “All these joke-type coins will disappear and leave space for actual innovation and crypto assets that can serve proper use cases.”
On top of everything, the most startling consensus that came out of this survey is that nearly three-quarters of the panelists (73%), including Fred Schebesta, co-founder of Finder, think that the best time to exit from the project is now. According to Fred Schebesta, “Being a meme coin, I don’t have a lot of hope for the future of Shiba. I see long term this coin going close to zero, without being able to provide proper utility.”
The Bottom Line
It’s hard to find where Shiba Inu will stand in the future, but the consensus of Finder’s panelists seems convincing. Even when the pupcoin pack’s value increased in 2021, many critics questioned Shiba Inu’s long-term potential. Some major factors that may impact SHIB’s price this year may be memecoin hype (82%), inclusion on major broker platforms (41%), and the launch of ShibaSwap (12%). Financial markets have been witnessing more rate hikes from the Federal Reserve in recent years, and a bleak future for altcoin can be seen, especially for this meme token ‘Shiba Inu’.
“This story has been published by CoinChapter.com and the information contained in this article is for only informational purposes. It does not present any investment advice nor does it serve as a substitute for individual investment.”
