Despite facing a challenging 2022 and an equally challenging start of 2024, a glimmer of hope has emerged for Shiba Inu (SHIB) enthusiasts.
A recent survey by Finder, a prominent fintech platform, gathered insights from 55 industry experts on the future of this popular meme coin. While opinions varied, the collective forecast suggests a potential rally of 442% by 2025, with some predicting even higher growths such as 1,000%.
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A Steady Climb to 2025
After its meteoric rise in 2021, SHIB endured a significant price drop in 2022, mirroring the broader cryptocurrency market downturn. It has remained around the same level since then, retracing all its surges in 2023 and struggling in January 2024.
However, the consensus of the Finder panel consisting of 55 industry experts projects a more optimistic future. The median prediction foresees Shiba Inu (SHIB) reaching $0.00004930 by 2025, representing a surge of approximately 442% from its current price of $0.0000091. The SHIB team recently shared their desire to complete all SHIB-related projects by 2025, and this could aid SHIB on this remarkable journey upward.
Potential for Near-1000% Growth
Among the panelists, Alexander Kuptsikevich from FxPro stands out with an even more bullish prediction. He envisions Shiba Inu (SHIB) leaping to $0.0001 by 2025, translating to a remarkable 998.9% increase.
While acknowledging that SHIB is unlikely to replicate its extraordinary 2021 rally, Kuptsikevich expresses confidence in its long-term potential.
Kuptsikevich noted, “This is just one of many memecoins. It is unlikely to roar as it did in 2021, although it can ride the future waves of the crypto market.”
Shibarium’s Impact
Finder also asked about the impact of the launch of Shibarium, Shiba Inu’s dedicated sidechain. However, information on Shibarium was limited when the survey was taken, and 50% of the panelists remained uncertain about its influence.
Interestingly, while 25% believe Shibarium will positively affect SHIB’s value, a contrasting 3% anticipate a negative impact. The other 22% don’t believe Shibarium will have any impact on SHIB.
One of Shibarium’s biggest roles in SHIB’s future is facilitating token burns. With the auto-burn portal soon to be launched on the mainnet, the 25% who predicted a positive impact might be proven wrong soon.
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What’s Next for Shiba Inu (SHIB)?
At the time of press, SHIB is up 0.45% in 24-hour estimation. It has also experienced a modest 0.46% gain over the past week. Although these figures are not encouraging, the Finder survey highlights the persisting long-term optimism among investors regarding SHIB’s potential.
While the future cannot be 100% certain, the community has faith in this beloved meme coin. SHIB has shown immense potential for growth in the past, and it still has all it takes to repeat its bullish performance.
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