Shiba Inu (SHIB)Price To Spark 2021 Like Rally Again, Here’s Why
The post Shiba Inu (SHIB)Price To Spark 2021 Like Rally Again, Here’s Why appeared first on Coinpedia Fintech News
A panel of financial experts, known as the Finder’s Panel, has recently shared its insights and forecasts regarding the future prospects of Shiba Inu (SHIB) coin, a popular meme cryptocurrency. Their objective was to predict whether SHIB would undergo a surge similar to the one it experienced in 2021.
Insights from Financial Experts
Alexander Kuptsikevich, a representative from FxPro, envisions SHIB being traded at $0.0001 by 2025. While he acknowledges that SHIB may not replicate the remarkable success it achieved in 2021, Kuptsikevich believes the cryptocurrency still has the potential to ride the waves of the crypto market’s momentum.
Sathvik Vishwanath, the CEO of Unocoin Technologies, is among the few panelists who suggest holding onto SHIB. He recognizes the coin’s capacity for delivering over 100% growth in the coming years. However, Vishwanath advises investors to exercise caution and invest moderate amounts, as the true value of SHIB is yet to be determined.
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Kunal Sawhney, CEO of the Kalkine Group, points out the challenges associated with predicting SHIB’s trajectory in comparison to well-established cryptocurrencies like Bitcoin and Ether. As a meme token, SHIB lacks the inherent value possessed by its counterparts, despite the excitement surrounding the upcoming Shibarium blockchain and the stablecoin.
Identifying Shiba Inu Projects with Potential
When asked to identify projects that could potentially bolster SHIB’s adoption, the panel’s responses were largely inconclusive, with 56% unable to pinpoint a specific project. Furthermore, 19% expressed skepticism about any project’s ability to significantly aid SHIB’s cause.
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However, a small group of panelists, approximately 9%, singled out the imminent Shibarium update and the SHIB stablecoin as promising ventures that could enhance SHIB’s adoption. Interestingly, a mere 3% placed their hopes on the Doggy DAO and ShibaSwap 2.0 initiatives. It is important to note that the panel does not foresee an immediate spike in SHIB’s value. While they acknowledge the possibility, they believe it is unlikely to occur in the short term.
Despite the divergent opinions and uncertainties expressed by the panel, it is worth highlighting SHIB’s current trading value, which stands at $0.00000685. This represents a significant decline of -92.07% from its peak of $0.00008616, achieved on October 28, 2021.
Filed under: Bitcoin - @ June 14, 2023 12:22 pm