The death of the Shiba Inu (SHIB) cryptocurrency has been predicted by a group of experts.
The majority of people predict that the meme cryptocurrency's price would eventually drop to zero. "With 73% of the experts in the panel believing that now is the time to sell SHIB," says the report.
SHIB's Price Forecast
Last Monday, a leading price comparison site, updated its price projection for the Shiba Inu cryptocurrency. "In April, the site polled a panel of 36 fintech experts for their predictions on how the Shiba Inu will fare over the next decade," the business noted.
"Things aren't appearing good for the meme coin Shiba Inu," sources said, adding that "According to the majority of Shiba Inu price predictions report, it's a matter of when, not if, we'll see the end of Shiba Inu."
The price of SHIB was $0.00002029 at the time of the survey, and the panel predicted it would decline 7.6% to $0.000018750 by the end of 2022, according to the sources. SHIB, on the other hand, is currently selling at a lesser price of $0.00001192.
SHIB will have no value by 2030, according to 70% of the board. As per the source, "The board forecasts the token's value may fall and be worth $0.000002500 by the end of 2025 and $0.000000325 by the end of 2030."
The experts identified six reasons that will influence the meme cryptocurrency's price this year. Meme coin hype, according to 82 per cent, will have the greatest impact on the price of SHIB. Participation in major trading platforms like Robinhood is the next most important factor. The debut of Shibaswap, the burning of SHIB tokens, and the number of businesses that take Shiba Inu as payment are all factors.
As the crypto market develops, he anticipates meme currencies, such as SHIB, will vanish entirely, noting, "This market is developing, and currencies like SHIB may fall as capital begins to flow into quality and value rather than being strewn around the field in the belief that every participant wins a prize." That isn't how it works. The value grows when hype fades.
Dimitrios Salampasis, a fintech lecturer at the Swinburne University of Technology, was another expert on the panel who predicted that SHIB would ultimately be worthless.
"All of these meme currencies, in my opinion, will go away, allowing room for actual development and crypto-assets that may be used for legitimate purposes,"
he stated.When asked whether now is the right moment to purchase, sell, or keep Shiba Inu, the experts said: "Our board is heavily out on SHIB, with 73 per cent indicating now is the perfect time to sell.
Only 23% of the panel believe you should keep your SHIB and only 3% believe you should buy it.