A panel of financial experts known as the Finder’s Panel recently shared their insights and predictions regarding the future prospects of the Shiba Inu (SHIB) coin, a popular meme cryptocurrency. Their aim was to predict whether SHIB would experience a surge similar to the one in 2021.
Insights from financial experts
Alexander Kuptsikevicha representative of FxPro, foresees SHIB to trade at $0.0001 by 2025. While acknowledging that SHIB may not match 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 Viswanath, the CEO of Unocoin Technologies, is one of the few panelists to suggest holding SHIB. He acknowledges the currency’s ability to deliver more than 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.
Related: Iconic Fashion Figure John Richmond Feeds Shiba Inu (SHIB) Frenzy – Coinpedia Fintech News
Kunal Sawhney, CEO of the Kalkine Group, points out the challenges associated with predicting SHIB’s trajectory compared to established cryptocurrencies such as Bitcoin and Ether. As a meme token, SHIB lacks the inherent value of its counterparts, despite the excitement surrounding the upcoming Shibarium blockchain and stablecoin.
Identifying Shiba Inu projects with potential
When asked to identify projects that could potentially bolster SHIB adoption, the panel’s responses were largely inconclusive, with 56% unable to pinpoint a specific project. In addition, 19% were skeptical of each project’s ability to significantly help SHIB’s cause.
Read: Shiba Inu (SHIB) hit by bearish pressure: Can whales save the day? – Coinpedia Fintech News
However, a small group of panelists, about 9%, cited the impending Shibarium update and the SHIB stablecoin as promising ventures that could increase SHIB adoption. Interestingly, only 3% pinned 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 the value of SHIB. While acknowledging the possibility, they think it is unlikely to happen any time soon.
Despite the panel’s differing opinions and uncertainties, it’s worth highlighting SHIB’s current trade value, which is $0.00000685. This represents a significant decrease of -92.07% from the high of $0.00008616 achieved on October 28, 2021.
