- A group of experts has released a grim price prediction for shiba inus (SHIB-USD)
- A 70% consensus believes that the meme token will reach $0 by 2030
- Analysts Firmly Believe Now is the Right Time for Shiba Inu Crypto Investors to Sell
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shiba inus (SHIB-USD) is back in the green today, but experts don’t expect it to stay there long term. Market research and analysis platform Finder recently polled 36 fintech industry experts on the token. In a nutshell, they see the crypto Shiba Inu heading straight down.
Let’s take a closer look at the survey and see what these experts have to say about the future of SHIB.
Where is the Shiba Inu crypto today
Crypto prices faced an uphill battle after the recent crash. That said, while altcoins have struggled, Shiba Inu’s price predictions have remained quite optimistic. The token rose 12% after plunging alongside other cryptos following last week’s market selloff.
But like InvestorPlace contributor Chris MacDonald reports, “with a Federal Reserve determined to raise rates, the cheap liquidity that has flooded the crypto market is not going to be cheap for very long.” This means that investors are going to continue to use the type of risk aversion mindset that leads them to sell assets like the Shiba Inu crypto.
While SHIB is up nearly 3% at the time of this writing, it remains in the red for the week and has fallen significantly since last month. This overall downward trajectory may foreshadow what is to come for the token meme.
Where are you going
What exactly does Finder’s survey say about the Shiba Inu crypto? Of the 10 panelists who issued price predictions, 30% expect SHIB to drop to $0 before 2023. 60% predict it will happen by 2025, and 70% believe it will bottom out. ‘ by 2030. The panel’s average prediction was that SHIB will be worth $0.000018750 by the end of this year, $0.000002500 by 2025 and eventually dip to $0.000000325 by 2030.
Among the panelists was Matthew Harry, Chief Fund Officer at DigitalX Asset Management. Harry sees SHIB ending the year at $0.0001 and losing all remaining value over the next two years. “This market is maturing and things like SHIB are going to die as capital starts flowing into quality and value rather than being scattered around the field in the hope that every player wins a prize,” he said. -he declares. “That’s not how things work. The hype dies, the value rises.
Dimitrios Salampasis, director and senior lecturer at Swinburne University of Technology in Australia, agrees with Harry. In economics, Salampasis predicts that “all those joke coins will disappear and make way for real innovation and crypto-assets that can serve appropriate use cases.”
Above all, the survey revealed an overwhelming consensus that should be hard for investors to ignore. 73% of panelists think now is the time to sell SHIB. Finder co-founder Fred Schebesta says of the token, “Being a meme coin, I don’t have much hope for shiba’s future. I see this coin getting close to zero in the long run, not being able to provide proper utility.
The essential
It’s hard to say for sure where the Shiba Inu crypto will go, but the Finder panelists make a compelling case. Even throughout the rise of the pupcoin pack in 2021, many critics have cast doubt on Shiba’s long-term potential. Now that financial markets are facing further rate hikes from the Federal Reserve, the future looks bleak for altcoins, and meme tokens in particular.
In August 2021, InvestorPlace Contributor Ian Bezek said “Shiba Inu is a dog that just doesn’t hunt”. The token’s recent performance, combined with the panel’s overwhelming predictions, suggests that its valuation was correct.
At the date of publication, Samuel O’Brient held (neither directly nor indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to the InvestorPlace.com Publication guidelines.
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