Summary:
- A panel of 36analysts from Finder.com has forecasted that Shiba Inu will be worth $0.00001875 by the end of the year on average
- Shiba Inu (SHIB) will then proceed to drop to $0.0000025 by 2025, and $0.000000235 by 2030
- As the crypto markets mature, meme-coins such as Shiba Inu are projected to ‘die as capital begins to flow to quality and value’
The popular meme-coin of Shiba Inu (SHIB) has a bleak future in terms of value in this decade.
According to a panel of 36 analysts from Finder.com, Shiba Inu (SHIB) will be worth $0.000018750 by the end of 2022. The token’s value will continue to decrease, and the panel of analysts anticipates that Shiba Inu (SHIB) could be worth $0.000002500 by 2025 and $0.000000325 by the end of 2030. To note is that the latter values are conspicuously very close to zero.
The potential decline of Shiba Inu (SHIB) within this decade was further visualized using the following chart.
Capital Will Flow Out of Shiba Inu as the Crypto Markets Mature
The head of DigitalX Asset Management, Matthew Harry, further forecasted that ‘memecoins [are] going the way of the dodo as the market matures.’ He explained that capital will flow out of meme-coins moving forward. He said:
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, value rises.
Dimitrios Salampasis, FinTech Lecturer at the Swinburne University of Technology, echoed the sentiments above and sees SHIB eventually being worthless. He stated:
I am of the opinion that all these joke-type coins will disappear and leave space for actual innovation and cryptoassets that can serve proper use cases.
Shiba Inu (SHIB) is Riding on Hype, at Least in 2022
The panel of analysts at Finder.com unanimously concluded that hype is the primary driving force behind the current popularity of Shiba Inu (SHIB). Furthermore, the addition of SHIB onto Robinhood and the launch of ShibSwap will help the memecoin gather steam in the markets, at least for the rest of this year.
73% of the Analysts Agreed that Now is the Time to Sell Shiba Inu
Concerning whether now is a good time to buy Shiba Inu, 73% of the panel of analysts overwhelmingly suggested that selling made more sense, whereas 23% thought that holding was a good idea. Only 3% of the panelists believed it was a good time to buy SHIB.