Shiba Inu Holds Above $0.00001, Specialists Predict a 380% Surge

Shiba Inu has managed to retain a value above $0.00001 despite the market-wide downturn, but industry specialists have forecasted a 380% rise in its value by 2025.

Shiba Inu (SHIB) has displayed remarkable resilience in the face of the ongoing downtrend affecting the broader crypto market for the past three days. Despite the bearish pressure, the asset has managed to maintain its position above the critical level at $0.00001. A panel of industry specialists from Finder earlier predicted a substantial increase of 350% in its price within the next two years.

Finder, a leading FinTech comparison platform, had previously gathered insights from a panel of 55 specialists within the FinTech industry to provide an informed assessment of the price movements of Shiba Inu. This esteemed panel of experts arrived at a collective agreement on the anticipated direction of SHIB’s price by 2025.

A collective forecast from this panel posited that Shiba Inu would soar to $0.00004930 by 2025. Achieving this price target would result in a substantial increase of 380% from the asset’s present value of $0.00001025.

On the other hand, Alex Kuptsikevich, a market specialist and senior financial analyst at FxPro, has a more bullish outlook on SHIB’s price. The financial expert has predicted that SHIB will reach a remarkable price of $0.0001 by 2025, indicating a substantial surge of 875% from its current value.

“This is just one of many memecoins. It is unlikely to roar as it did in 2021, although it can ride the future waves of the crypto market,” Kuptsikevich remarked, speaking on the prospects of the asset.

The panelists also factored in the potential of Shibarium, Shiba Inu’s layer-2 network, in supporting the asset’s price movements and the broader Shiba Inu ecosystem. 25% of the experts predicted that Shibarium will have a positive impact on SHIB’s price while 22% believe it would have no impact.

Shiba Inu Holds Above $0.00001

Meanwhile, Shiba Inu continues to consolidate around the $0.00001 price territory as of press time, having received its fair share of battering from the bears. Despite this, the asset is among the least affected by the recent downtrend. SHIB has declined by 8.88% in the past week, while BTC and ETH have respectively plummeted by 10.13% and 11.75%.

Since recovering from the drop to $0.000009764 on March 10, Shiba Inu has held above the $0.00001 mark. However, over the past two months, the asset has encountered difficulty in reclaiming its February high of $0.000015, as the bears have strongly resisted its upward momentum. As of now, SHIB is seeking the next level of market support that will enable it to establish a more stable position above $0.000011 before making another push to the upside.