Cryptocurrency

Fintech Experts Share Insights On Impact Shibarium Would Have On Shiba Inu (SHIB) Price

A recent survey conducted by Finder, a renowned FinTech firm, gathered insights from 55 industry players about the forthcoming Shibarium launch in the Shiba Inu ecosystem.

The survey aimed to gauge projections on Shiba Inu’s future price, considering market conditions and ecosystem developments.

FinTech Experts’ Insights On Shiba Inu (SHIB) Price

The survey included CEOs, professors, and research heads in the FinTech space. It sought to gather diverse perspectives on the potential impact of Shibarium on the price of Shiba Inu (SHIB).

Uncertainty Surrounding Shibarium’s Impact

50% of the respondents expressed uncertainty regarding the potential effect of the Shibarium launch on Shiba Inu (SHIB) price. This uncertainty was attributed to the limited information available at the time of the survey. Notably, Shibarium’s beta test network, Puppynet, had not been released yet.

Bullish Forecast by a Quarter of Specialists

Contrasting with the uncertainty, 25% of the respondents believed that Shibarium would have a positive impact on Shiba Inu’s price upon launch. Within this group, 19% anticipated a moderate effect, while 6% predicted an explosive impact on the price of SHIB.

No Impact Predicted by Some Specialists

22% of the specialists held the view that the Shibarium launch would have no discernible effect on the price of Shiba Inu. They believed that SHIB’s value would continue its existing trajectory, unaffected by Shibarium.

Alternative Projects for Shiba Inu Adoption

When asked about upcoming projects that could contribute to Shiba Inu’s adoption, only 9% of the specialists selected Shibarium. Additionally, 9% chose SHI, the proposed stablecoin within the Shiba Inu ecosystem that gained significant attention in July.

Impressively, 19% of the specialists believed that none of the upcoming projects would significantly enhance Shiba Inu (SHIB) adoption, while the majority (56%) remained unsure.

In Conclusion: Do Your Own Research (DYOR)

Investors are urged to exercise caution and conduct thorough research before making any investment decisions. Considering a variety of perspectives and factors is essential when assessing the potential impact of Shibarium and other projects in the ecosystem.


Follow us on Twitter, Facebook, Telegram, and Google News

Adedoyin Aka

Adedoyin is a graduate of Law and a Crypto & Blockchain expert who strongly believes that Blockchain is the future. At TimesTabloid, she focuses on crypto and blockchain educational content.

Recent Posts

Michael Saylor Eyes $21 Billion Bitcoin Purchase. Here’s The Implication

Michael Saylor, the executive chairman of MicroStrategy and one of Bitcoin’s most vocal advocates, is…

15 minutes ago

Bitcoin Shorts Face $1.5 Billion Liquidation Risk. Here’s Why

Bitcoin’s relentless rally has put bearish traders in a precarious position, with $1.5 billion in…

36 minutes ago

XRP at a Critical Juncture: Key Levels That Will Define Its Next Move

XRP is currently trading at $2.2942, down 4.98% in the last 24 hours. This decline…

56 minutes ago

Coinbase Set to Launch Cardano (ADA) Futures

Coinbase, one of the world’s largest cryptocurrency exchanges, is making a significant move by launching…

1 hour ago

Ethereum (ETH) Price Analysis: Key Levels and Market Outlook

Ethereum (ETH) is currently trading at $1,894.88, reflecting a 2.21% decline from its previous close.…

1 hour ago

Michael Saylor Says Bitcoin (BTC) Golden Cross Is Here: Details

Michael Saylor, one of Bitcoin’s most influential advocates, has issued a bold statement on what…

1 hour ago