The Shiba Inu (SHIB) meme token has been a topic of much discussion among cryptocurrency enthusiasts due to its fluctuating value.
While SHIB enjoyed a promising start to the year, it has experienced volatility in recent times. Despite this, SHIB has managed to maintain its position among the top 15 cryptocurrencies by market cap, thanks in part to ongoing developments in the SHIB network.
To gain insight into the future outlook for SHIB, Finbold retrieved the survey of 55 fintech and crypto experts, who provided their predictions for the token’s price in 2025. While the experts generally expect SHIB to perform positively, any predictions about the future performance of a cryptocurrency should be taken with a pinch of salt, as market conditions and other factors can change rapidly.
The experts’ responses suggest that SHIB is likely to experience a significant rise in value over the next few years as they predict that SHIB will trade at $0.00004930 in a little over a year and a half from now, according to the Finder survey.
Analysts’ view on SHIB
Alexander Kuptsikevich from FxPro offers an optimistic price target by 2025, he sees SHIB exchanging hands at $0.0001.
“This is just one of many meme coins. It is unlikely to roar as it did in 2021, although it can ride the future waves of the crypto market.”
Meanwhile, Unocoin Technologies CEO Sathvik Vishwanath is one of the few panelists who gave a hold rating on SHIB.
He said:
“[SHIB] can be a good investment. The growth potential is over 100% in the next few years. However, it is better to buy a Shiba Inu in moderate quantities because the project has not yet found its true value.”
Shibarium update
The majority of the expert panelists remain uncertain about how the upcoming Shibarium update will affect the price of SHIB, with a significant portion of the respondents (50%) expressing their uncertainty about the update’s impact, while others hold varying views.
For instance, some panelists (25%) hold the belief that the update will have a positive effect on SHIB’s price, possibly due to anticipated improvements in the token’s functionality or increased adoption of the network. Conversely, a smaller portion of the panel (3%) holds a pessimistic view, predicting a negative impact on SHIB’s price due to various factors such as technical issues or market sentiment.
Meanwhile, a notable proportion of the respondents (22%) expect no significant change in SHIB’s price following the Shibarium update. This view may reflect a belief that the update’s impact will be relatively minor or that other factors beyond the update will have a more significant influence on SHIB’s price.
SHIB price analysis
Based on the latest market data, SHIB is currently trading at $0.000009978, reflecting a modest 1.01% increase in value over the past 24 hours. However, the token has experienced a 5.19% decline in value over the past week, indicating a volatile market.
Despite the recent fluctuations in price, SHIB’s market capitalization remains substantial, currently standing at $5.8 billion. This suggests that the token continues to enjoy significant investor interest, although its long-term price trajectory remains subject to various factors, including market sentiment and broader cryptocurrency market trends.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
