No one survives the wrath of a crypto bearish market and fan-friendly Shiba Inu was none different. After speaking at $0.00008870 in November 2021, the asset’s value has dropped by 86.81% at press time, reaching a low of 90% last week. It is fair to say its bullish momentum from its early days has completely faded. However, this particular panel of fintech specialists is taking their opinion a step further in terms of forecasting Shiba Inu’s future.
SHIBA INU will be worth $0 by 2030
According to a survey released by finder.com, Shiba Inu’s performance over the next decade wears a rather worrisome outlook. Out of 36 panelists, 76% of the experts suggested that it is time to jump ship from the memecoin bandwagon.
In terms of prediction, the panel predicted that the asset will finish the year 2022 at around $0.0000187(which is actually a higher valuation than the present price), and eventually drop down to $0.000000325 by 2030. Matthew Harry, head of funds at DigitalX Asset Management, stated,
“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.”
Dimitrios Salampasis, Fintech Lecturer at Swinburne University added,
“I am of the opinion that all these joke-type coins will disappear and leave space for actual innovation and crypto assets that can serve proper use cases.”
Is it too early to call on Shiba Inu’s demise?
As analysts and speculators in the digital asset industry, everyone is entitled to their own opinion in the space. However, it is quite early to predict the death of one of the largest digital assets in 2021. In terms of popularity, Shiba Inu has completely breached barriers beyond expectations. While the asset continues to drop in value, that is collectively synonymous with other Altcoins.
Moreover, interest in the beloved dog-coin continues to rise as recently more than 15,000 new holders had entered the Shiba Inu space. It is currently the 2nd-most googled cryptocurrency in Europe, behind only the largest digital asset in Bitcoin.
With multiple developments taking place in the background with respect to Shiba Inu-based metaverse and Shibarium, the cards are not completely stacked against SHIB just yet.