Along with many other cryptocurrencies, the Dogecoin killer Shiba Inu has also had its path of struggle in the crypto market crash. Though the Shiba Inu price was nothing in interest, the currency is balanced where it has neither overperformed nor outperformed.
From Shiba Inu’s all-time high, the currency has lost almost 78% and at the time of writing, the SHIB price has dropped by almost 78%. The volume profile between 2021 and 2022 reveals that $0.000020 to $0.000024 is the participation zone for the meme currency,
At the time of reporting Shiba Inu Price is changing hands at $0.000012 with a plunge of 2.14$ over the last 24hrs.
Shiba Inu Price Action
Meanwhile, Finder surveyed 36 fintech specialists in the month of April and discussed how Shiba prices perform over the next ten years.
Here 30% of panelists were of the opinion that Shiba Inu will have no value by the end of 2022 whereas 60% think SHIB will be worthless by 2025 and the other 10% by the end of 2030.
According to the panelists, the SHIB token is expected to be trading at $0.000018750 by the end of 2022. They expect the meme currency to continue its downward pattern and bottom at $0.000002500 by 2025 and $0.000000325 by 2030.
Head of funds at DigitalX Asset Management Matthew Harry thinks SHIB will be worth $0.0001 at the end of the year but lose all value by the end of 2025.
Also Read : How Will Shiba Inu Burning Portal Impact SHIB Price?
Matthew Harry, Head of funds at DigitalX Asset Management believes that by the end of 2022, Shiba Inu will be valued at $0.0001 but that won’t last long as he says the currency will lose its value by the end of 2025. Also Dimitrios Salampasis, SHIB will slightly hold on to $0.00001 buy 2025 but will lose its value
On the other hand, 73% of the panel, including Finder co-founder Fred Schebesta thinks this is the right time to sell your Shiba up and claimed that
“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.”
However, Hype is going to continue as the driving force behind the value of SHIB, with 82% of the panel saying memecoin hype will have a significant impact on Shiba Inu’s price this year. A touch over two-fifths (41%) see its inclusion on major broker platforms like Robinhood helping it to gain steam, with 12% citing the launch of ShibaSwap.
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Source: https://coinpedia.org/opinion/shiba-inu-going-to-0-death-of-shib-by-2030/