Shiba Inu (SHIB) has become one of the most talked about crypto projects over the past few days, courtesy of its enviable price actions, which have seen it close to overtaking DogeCoin (DOGE) as the largest meme coin in the market.
Per Shiba Inu’s data on Coincodex, a leading crypto assets tracking platform, the canine-themed crypto asset is priced at about $0.000033 after the spontaneous correction that saw it decline by about 3% in the last 24 hours.
Other SHIB market statistics, as revealed by the crypto asset price tracking outlet, indicated that supply inflation and volatility on Shiba Inu are high.
Read Also: Panel of Experts Predict Up To 1,000% Shiba Inu (SHIB) Price Surge. Here’s the Timeline
In addition, the “Fear & Greed Index” – the parameter that tracks traders’ attitude towards an investment – pointed to “Extreme Greed” at 82, while sentiment remains bullish as usual.
SHIB’s enticing market showings have made the meme coin one of the most talked about crypto assets in the Web3 space, attracting the interest of top crypto bosses. This insight shall reveal what some financial and crypto experts think about Shiba Inu’s price by the end of this year.
Alexander Kuptsikevich – SHIB To $0.0001 Possible
Alexander Kuptsikevich is a senior market research evaluator at FxPro who joined the debate about Shiba Inu’s future price trajectory.
According to the market research expert, SHIB to $0.0001 is feasible by the end of 2024. Elaborating his price projection, Alexander remarked, “This is just one of many meme coins. It is unlikely to roar as it did in 2021, although it can ride the future waves of the crypto market.”
Sathvik Vishwanath And Daniel Polotsky – Calls For Caution
Sathvik Vishwanath, the Chief Executive Officer (CEO) at Unocoin Technologies, an Indian-based trading platform, does not see Shiba Inu as an investment worth risking to accumulate in large amounts.
The CEO noted that while SHIB might radiate a “hold” rating, investors should accumulate the token moderately. In his exact wordings, he stated, “can be a good investment. The growth potential is over 100% in the next few years. However, it is better to buy Shiba Inu in moderate quantities because the project has not yet found its true value.”
On his part, Daniel Polotsky, the founder and chairman at CoinFlip, a United States-based trading outlet, stated, “SHIB is an asset whose future price is impossible to predict. It’s all based on narratives/vibes and the dog coin mania that DOGE unleashed. SHIB doesn’t have an established use case in crypto besides being a fun project. I would proceed with caution and only invest what you’re willing to lose.”
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Linda Jones Expresses Satisfaction with SHIB’s Impressive Statistics
Taking to her X official handle, Linda Jones, a Wall Street Financial Analyst, disclosed her happiness with Shiba Inu’s (SHIB) remarkable showings, adding that her investment firm invested in several crypto assets, which included SHIB.
Yes, I am a huge fan of #XRP, but in the Be Wealthy & Smart VIP Experience we also invest in other cryptos. Three of our investments are in the Top 10 Performers year-to-date. And it gives me great joy that so far all of them are outperforming Bitcoin. 🙂 pic.twitter.com/mQioYTJ8L3
— Linda P. Jones (@LindaPJones) March 4, 2024
Read Also: Shiba Inu (SHIB) Price For 2030: Is 122,750% Rally to $0.01 Attainable? Details
Finder Projects SHIB To $0.00001 By the End Of 2024
Finder, a committee of industry experts, waded into Shiba Inu’s price projection, predicting a price target of $0.00001 by the end of 2024. The board’s price projection implies that it anticipates SHIB to decline by about 68.75% from its $0.000032 selling price.
Going further, Finder stated that it anticipates SHIB to reach $0.000025 by the end of 2025 and $0.000045 by the end of 2030. The price targets spotlighted by this committee of financial experts imply that Shiba Inu might not attain its all-time high of $0.00008616 even by the end of 2030.
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