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Shiba Inu

Panel Of Industry Experts Make Bold Predictions For Shiba Inu Price

Scott Matherson
by Scott Matherson
1 year ago
·
Posted in Shiba Inu
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Shiba Inu (SHIB) price is once again the center of discussion, as a group of experts gave their opinion on how much the meme coin could be worth soon. Based on their predictions, SHIB could eat up another zero by next year. 

Shiba Inu Price To Make A Huge Leap By 2025

According to a survey carried out by Finder, a prominent fintech platform, 55 fintech specialists expect that Shiba Inu will rise to $0.00004930 by 2025. If that happens, it will represent a significant increase from its current price level, with the meme coin’s price currently one zero behind, trading at around $0.000008. 

Related Reading: Bitcoin Set To Lead A New Crypto Surge As Downside Factors Get Exhausted – Coinbase Analysts

One of the panelists, Alexander Kuptsikevich from FxPro, seemed cautious of SHIB’s future trajectory, considering its status as a meme coin. He stated how SHIB was “just one of many meme coins” and that it was “unlikely to roar as it did in 2021.” That happened to be the year the crypto token saw a jaw-dropping gain of 46,000,000%.

Another panelist, Unocoin Technologies CEO Sathvik Vishwanath, is said to be one of the few panelists who gave SHIB a hold rating. He noted how the crypto token can be a “good investment,” one with a growth potential of 100% in the next few years. However, he advised that it was better to invest in SHIB moderately as it hasn’t yet “found its true value.”

Kunal Sawhney, the CEO of Kalkine Group, highlighted how difficult it was to predict SHIB’s price, claiming that it was even easier to predict the prices of more dominant tokens like Bitcoin and Ethereum. The reason for his stance is based on the fact that SHIB remains a meme coin “no matter what the project claims about the new blockchain Shibarium.”

How Will Shibarium Affect Shiba Inu’s Price?

The panelists were also asked how much impact Shibarium could have on SHIB’s price. Only 25% of them believed that the layer-2 network would positively affect it, while 22% believed that there would be no impact on SHIB’s price. 

Related Reading: $500 Million Worth Of ETH Leave Exchanges Last Week – What This Means For ETH

Meanwhile, 50% were undecided about whether Shibarium would positively or negatively impact the crypto token’s price. The remaining 3% opined that It would negatively impact SHIB’s price. Having seen how much Shibarium has positively affected not just SHIB’s price but the entire ecosystem, it is obvious that the 25% were right.

One way in which Shibarium’s impact on Shiba Inu is evident is the magnitude of token burns that have been carried out since the layer 2 network launched. Bitcoinist had reported how Shibarium accounted for almost half of the total SHIB tokens that were burned last year. These token burns are one of the mechanisms devised to help increase the crypto token’s value. 

Shiba Inu price chart from Tradingview.com

SHIB price begins recovery trend | Source: SHIBUSD on Tradingview.com
Featured image from Medium, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Scott Matherson

Scott Matherson

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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

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