The latest Finder’s Shiba Inu Price Predictions Report projects that the dog-themed meme coin Shiba Inu (SHIB) will likely be put down by the end of this decade. The annual survey of 36 fintech experts was conducted last month following several weeks of upbeat news and announcements for the token that was launched as a joke in August 2020. According to the Finder report, almost a third of respondents who gave a price prediction said that SHIB will have no value by the end of the year, while nearly two-thirds stated that SHIB will be worth nothing by the end of 2025.
The head of funds at DigitalX Asset Management, Matthew Harry, says he can’t be optimistic about SHIB and believes it will fall to US$0.0001 by the end of 2022, and lose all value within the next three years. “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, the value rises,” Harry stated in the report.
Perhaps the most shocking finding from the survey was that 73% – almost three-quarters of the respondent panel- believe that now is the time to sell Shiba Inu. According to CoinMarketCap at the press, SHIB was up 2% for the past 24 hours at US$0.00001222 per token across cryptocurrency exchanges this morning; ironically, that’s lower than the survey’s consensus price prediction for SHIB of US$0.000018750 this year.
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