Panel Of Industry Experts Make Bold Predictions For Shiba Inu Price
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.
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.
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.
SHIB price begins recovery trend | Source: SHIBUSD on Tradingview.com
Featured image from Medium, chart from Tradingview.com
