Financial analysts evaluate Shiba Inu future potential, including the impact of the Shibarium update, following its remarkable surge in 2021.
In the crypto scene, the rise and fall of various tokens are often subject to debate. One such token that gained significant attention in 2021 was Shiba Inu (SHIB), offering early investors a return on investment of over 406,000%, going by CoinMarketCap’s estimate.
Since Shiba Inu made many crypto enthusiasts millionaires a few years back, questions have emerged regarding its future potential. Will Shiba Inu be able to replicate its past success? Analysts have weighed in on this matter.
According to a fact-checked research report by Finder, a panel of 55 fintech specialists gave insights on the future performance of Shiba Inu. Most experts believe that by 2025, SHIB will be worth $0.00004930.
This prediction highlights a less optimistic outlook for the token’s value compared to its remarkable growth in 2021. However, Alexander Kuptsikevich from FxPro provides a more optimistic viewpoint.
Kuptsikevich suggests that while Shiba Inu may not experience a surge as dramatic as the one in 2021, it could still ride the waves of the crypto market in the coming years and reach a price target of $0.0001 by 2025.
On the other hand, Sathvik Vishwanath, the CEO of Unocoin Technologies, believes Shiba Inu’s growth potential will exceed 100% in the next few years while cautioning investors to buy SHIB in moderate quantities.
Will Shibarium Support Shiba Inu?
Most of the panelists were uncertain about the impact of the upcoming Shibarium solution on Shiba Inu’s price. While fifty percent of the panelists were unsure, 25% thought the network would have a positive effect.
As The Crypto Basic recently highlighted, Shibarium’s main goal for the Shiba Inu ecosystem includes cutting costs, improving transaction time, and burning SHIB tokens with each transaction. By convention, these mechanisms will shoot up the price of Shiba Inu.
Ultimately, as the Shiba Inu team continues to unveil more utilities for its project, whether it can replicate its previous success remains to be seen.