Tech

Report: Finder’s Panel sees the end of Shiba Inu by 2030

05/20/2022
Bitcoin Ethereum News

Finders.com surveyed 36 fintech experts for its latest Shiba Inu (SHIB) Price Predictions Report and found that 73% of the panelists believe SHIB will have no value by 2030.

The price prediction panel members include Swinburne University of Technology director and lecturer Dimitrios Salampasis, University of Canberra senior lecturer John Hawkins, and Head of Funds at DigitalX Asset Management Matthew Harry.

Meme coins like Shiba Inu will be phased out

Most of them agree on one thing; it is downhill from here for SHIB. 30% of the panelists believe that the meme coin will be worthless by the end of the year, 60% extended the doomsday till the end of 2025, but 70% are confident the token will be worth nothing by the end of 2030.

The average price prediction for the end of 2022 is $0.000018750. Matthew Harry believes SHIB will be trading at 0.0001 by 2022-end. But he sees it phasing out by 2025.

Harry 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.

Others also share this opinion, including Salampasis, who said:

All these joke-type coins will disappear and leave space for actual innovation and cryptoassets that can serve proper use cases.

With most experts predicting the end of the token, they also believe now is the best time to sell. 73% of the panelists, including Finder.com co-founder Fred Schebesta, share this opinion.

The price prediction comes amidst the poor performance of the coin in recent weeks. SHIB has also lost more than half of its value in the past 30 days amid the overall market downturn. 

Shiba Inu is reinventing itself

However, most SHIBA holders are optimistic about its recovery. Shiba Inu has been trying to redefine itself in the past few months, showing that it’s more than a meme coin. 

The project developers have lined up other projects like the Shiba Inu metaverse, ShibaDEX, the  SHI Stablecoin, Shibarium Layer 2 solutions, Shiba Inu NFTs, alongside a burning mechanism that is designed to help push its price up through scarcity.

These projects are yet to affect its price, but many believe they may eventually push its recovery. The token has also enjoyed massive adoption from the crypto community as some business entities have revealed their willingness to accept the token as a payment option.

Apart from that, there are rumors that the SHIB token may be in partnership discussions with Redbull.

Source: https://cryptoslate.com/report-finders-panel-sees-the-end-of-shiba-inu-by-2030/