Latest Finder Report Predicts That the Value of Shiba Inu Will Drop

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The new Finder’s Shiba Inu Price Prediction Reports revealed that the popular memecoin, Shiba Inu (SHIB), will face a massive decline at the decade’s end. Thirty-six fintech experts conducted an annual survey last month, and the results from the respondents were analysed.

The Finder reports noted that almost a third of the survey respondents who gave a price prediction believed that SHIB would be valueless by the end of the year. Furthermore, nearly two-thirds of the respondents stated that SHIB will be worth nothing by 2025.

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Fintech Experts Believe the Future is Bleak for Shiba Inu

Matthew Harry, the head of funds at DigitalX Asset Management, believes there is nothing to be hopeful about concerning SHIB. He added that the memecoin price would fall to $0.0001 by 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 hoping that every player wins a prize. That’s not how things work. Hype dies; the value rises,” Harry stated in the report.

Director and lecturer at Swinburne Unversity of Technology, Dimitrios Salampasis, is another specialist who shared his pessimism and said that SHIB does not have any compelling and sustainable utility.

Salampasis said: “All these joke-type coins will disappear and leave space for actual innovation and crypto assets that can serve proper use cases. However, 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.

In addition, the survey shockingly revealed that 73%, which is almost three-quarters of the respondents, believed that selling Shiba Inu immediately is the best choice. CoinMarketCap reported that 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.

New Users Still Attracted to Shiba Inu Since Mid-April

Shiba Inu has attracted several new wallet holders daily since 11 April despite the grim predictions lingering around the dog-themed cryptocurrency. According to data from CoinMarketCap, Shiba Inu recorded 35,369 unique users.

The steady growth of users is attributed to the positive developments and announcements in the Shiba Inu community. These breakthrough projects include its popular NFT collections, metaverse launch, SHIB burn portal, the recent listing on the Robinhood trading app, and pending deployment of its blockchain.

Despite the hype and latest frequent developments, SHIB is still down more than 80% from its peak price of $0.00008845 in October 2021. So the crypto world is observing if the Shiba Inu project developers and managers can find a solution to the current pricing hole or if SHIB gets buried beneath more fear, uncertainty, and doubt derived from a lot of activity that failed to drive actual utility and asset value.

Read also 👉 Shiba Inu is more popular than Dogecoin in Europe, according to Google trends.