Shiba Inu will Hit US$0 by 2030, Fintech Experts Opine

Where does the Shiba Inu stand today? Let's explore what experts are talking about the meme coin

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.

2020 and 2021 have been a roller coaster ride for cryptocurrencies, but this situation has presented a good opportunity for the Shiba Inu coin. The Shiba Inu Coin has been in the limelight for several reasons, though its current value is not very high. However, the coin is taking over a lot of the crypto market and proving itself an excellent choice for investors.

The Future of Shiba Inu- What Experts Think!

According to experts, Dogecoin's popularity is based in part on Elon Musk's support, typically voiced on Twitter. Unfortunately, the Shiba Inu coin has no such champion in its corner, and considering it's billed as a "Dogecoin killer," it isn't likely to get the multi-billionaire's support anytime soon.

However, the Shiba Inu coin has a limited supply, a standing total of one quadrillion tokens. Although this is a huge number that can easily accommodate an army of investors, it is still a finite number, which may help spark speculation in the future.

The key to Shiba Inu's future success lies in speculation and market capitalization, and Shiba has the potential of becoming the next Dogecoin. Shiba Inu is currently in the top 50 cryptocurrencies today, with a market capitalization of US$6,311,441,816. This is a healthy number, especially when you take into account that Shiba Inu is a relatively new token in the world of cryptocurrency.

Investments, whether in the stock market or cryptocurrency, entail a certain amount of risk. There is nothing like surety. However, the Shiba Inu coin has the potential of becoming a top player in the cryptocurrency market!

Views from the Fintech Specialists

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.

Another of the surveyed Shiba Inu skeptics was Dimitrios Salampasis, director and lecturer at the Swinburne University of Technology, who says SHIB lacks any compelling and sustainable utility. "All these joke-type coins will disappear and leave space for actual innovation and crypto assets that can serve proper use cases. Being a meme coin, I don't have a lot of hope for the future of Shiba. I see long term this coin going close to zero in long term, without being able to provide proper utility," Salmpasis stated- as mentioned in "InvestorPlace".

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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