Shiba Inu Will Go to Zero According to New Finder Report
Key points
* The Finder's Shiba Inu Price Predictions Report provides a dismal forecast for dog-themed meme coin Shiba Inu, with a third of respondents predicting SHIB hits zero this year while 60% forecast that it dies by 2025.
* The survey of 36 financial technology experts was conducted in April, after several weeks of positive news for SHIB, and 73% of those experts say now is the time to exit the project.
* The report also predicts the price of SHIB to be $0.000018750 this year. According to CoinMarketCap at press, SHIB was up 2.0% for the past 24 hours at $0.00001222 per token.
The latest Finder's Shiba Inu Price Predictions Report projects that 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.
Fintech specialists hold little faith for SHIB's future
The head of funds at DigitalX Asset Management, Matthew Harry, says he can't be optimistic about SHIB and believes it will fall to $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, value rises," Harry stated in the report.
Another of the surveyed Shiba Inu skeptics was Dimitrios Salampasis, director and lecturer at 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, without being able to provide proper utility," Salmpasis stated.
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 press, SHIB was up 2% for the past 24 hours at $0.00001222 per token across cryptocurrency exchanges this morning; ironically, that's lower than the survey's consensus price prediction for SHIB of $0.000018750 this year.