While some specialists believe the Shibarium upgrade will drive the price of SHIB higher, others cannot make predictions at this stage. Ruadhan O predicted the meme coin would not die for lack of interest and would remain stable this year.
A group of experts recently predicted the price of Shiba Inu (SHIB) would reach USD 0.00000959 at the end of the year. The high number of new projects to create utility for the token might not make a significant difference.
According to 25% of the specialists, the Shibarium upgrade will lead the price of SHIB to increase. Twenty-two percent believe it will have no impact, while three percent expect a negative effect. Finally, 50% consider they cannot make predictions about the meme coin at this stage.
Twenty-two percent of the experts believe the upgrade will reduce transaction costs and increase transaction speed. However, 69% still do not know what might happen to Shiba Inu.
The Experts Give Their Opinion on the Course of SHIB
Alexander Kuptsikevich, a principal Analyst at FxPro, said Shiba Inu is just one of many meme coins. Although he believes its performance is not as significant as in 2021, he thinks it may have future waves in the crypto market.
The expert considers the Shibarium upgrade will reduce transaction costs and increase transaction speed. He predicted the price of SHIB would reach USD 0.00001329 in late 2022 and USD 0.0001 in 2025.
Ruadhan O, the founder of Seasonal Tokens, said that SHIB would remain stable this year. However, he believes the demand will increase with the emergence of a SHIB stablecoin in 2025.
He pointed out that the price of SHIB would follow the rise of the overall crypto market after the Bitcoin halving in 2024. Since the community is strong, the meme coin will not die for lack of interest as its social value will maintain its price.
According to Ruadhan, SHIB will be worth USD 0.0002 in 2025 and thrive in the metaverse, a natural environment for meme coins.
Sathvik Vishwanath, the CEO of Unocoin Technologies, said SHIB could be a good investment. Although he believes its growth potential will be over 100% in the coming years, investors still buy it in moderate quantities.
Kunal Sawhney, the Managing Director of the Kalkine Group, finds it harder to make predictions about SHIB than Bitcoin and Ether. He argued that Shiba Inu is a meme or joke token, regardless of the claims about the new Shibarium blockchain or stablecoin.
Some Experts Believe Stablecoins Will Help the Shiba Inu
Only 9% of the specialists believe a stablecoin will help the adoption of SHIB increase. Three percent expect Doggy DAO to boost it, while three percent believe ShibaSwap 2.0. will be the solution. Finally, 19% of the experts say no project will contribute to the growth of the meme coin.
Meanwhile, SHIB is trading at around USD 0.00001222 and has accumulated a 17.3% gain over the last 24 hours. While its daily trading volume is above USD 1.13 billion, its market capitalization is about USD 7.19 billion, according to CoinGecko.
By Alexander Salazar
While some specialists believe the Shibarium upgrade will drive the price of SHIB higher, others cannot make predictions at this stage. Ruadhan O predicted the meme coin would not die for lack of interest and would remain stable this year.
A group of experts recently predicted the price of Shiba Inu (SHIB) would reach USD 0.00000959 at the end of the year. The high number of new projects to create utility for the token might not make a significant difference.
According to 25% of the specialists, the Shibarium upgrade will lead the price of SHIB to increase. Twenty-two percent believe it will have no impact, while three percent expect a negative effect. Finally, 50% consider they cannot make predictions about the meme coin at this stage.
Twenty-two percent of the experts believe the upgrade will reduce transaction costs and increase transaction speed. However, 69% still do not know what might happen to Shiba Inu.
The Experts Give Their Opinion on the Course of SHIB
Alexander Kuptsikevich, a principal Analyst at FxPro, said Shiba Inu is just one of many meme coins. Although he believes its performance is not as significant as in 2021, he thinks it may have future waves in the crypto market.
The expert considers the Shibarium upgrade will reduce transaction costs and increase transaction speed. He predicted the price of SHIB would reach USD 0.00001329 in late 2022 and USD 0.0001 in 2025.
Ruadhan O, the founder of Seasonal Tokens, said that SHIB would remain stable this year. However, he believes the demand will increase with the emergence of a SHIB stablecoin in 2025.
He pointed out that the price of SHIB would follow the rise of the overall crypto market after the Bitcoin halving in 2024. Since the community is strong, the meme coin will not die for lack of interest as its social value will maintain its price.
According to Ruadhan, SHIB will be worth USD 0.0002 in 2025 and thrive in the metaverse, a natural environment for meme coins.
Sathvik Vishwanath, the CEO of Unocoin Technologies, said SHIB could be a good investment. Although he believes its growth potential will be over 100% in the coming years, investors still buy it in moderate quantities.
Kunal Sawhney, the Managing Director of the Kalkine Group, finds it harder to make predictions about SHIB than Bitcoin and Ether. He argued that Shiba Inu is a meme or joke token, regardless of the claims about the new Shibarium blockchain or stablecoin.
Some Experts Believe Stablecoins Will Help the Shiba Inu
Only 9% of the specialists believe a stablecoin will help the adoption of SHIB increase. Three percent expect Doggy DAO to boost it, while three percent believe ShibaSwap 2.0. will be the solution. Finally, 19% of the experts say no project will contribute to the growth of the meme coin.
Meanwhile, SHIB is trading at around USD 0.00001222 and has accumulated a 17.3% gain over the last 24 hours. While its daily trading volume is above USD 1.13 billion, its market capitalization is about USD 7.19 billion, according to CoinGecko.
By Alexander Salazar
