Release: 2024/08/01 06:24 Reading: 877
A survey of 13 experts in the finance industry has revealed ambitious long-term prospects for Shiba Inu (SHIB), with expectations that the cryptocurrency has the potential to revisit the $0.000045 mark in the near future.
Shiba Inu has been a notable performer in the ongoing crypto market rally, rising by 3.5% over the past 24 hours.
The latest gains extend Shiba Inu's seven-day growth to 5.5%, underscoring its resilience and popularity among investors.
In contrast, some of Shiba Inu's close rivals, such as PEPE, Dogecoin, and Dogwifhat (WIF), have posted more impressive percentage gains over the past week. Nevertheless, SHIB has held its ground, currently trading at $0.00001781.
The price is 4.4% below its monthly high, but considering that SHIB was worth $0.00001294 just two weeks ago, its current market value represents a 37.63% increase.
Community and Expert Predictions for Shiba Inu
The Crypto Basic reports that community analysts and leading industry experts are upbeat about Shiba Inu's future, predicting significant price increases in the coming weeks as the bull market intensifies.
A recent report from Finder, an independent comparison platform, supports this optimism. Finder's quarterly analysis polled 13 crypto industry specialists to gather their insights on SHIB's performance up to 2030.
The average prediction from the expert panel suggested that SHIB would reach $0.00001 by the end of 2024. Notably, this prediction represented an 11% increase from SHIB's price of $0.000009 at the time of the survey.
However, SHIB has already surpassed this predicted value, trading above $0.000017 at the time of writing, indicating that the experts' average forecast for SHIB's 2024 performance has largely been achieved ahead of schedule.
Long-Term Projections for SHIB
The Finder report also revealed that the panelists predicted SHIB's value to increase to $0.000025 by the end of 2025, representing a 177% surge from its price at the time of the survey ($0.000009).
Furthermore, they projected that SHIB would hit $0.000045 by the end of 2030, a 400% increase from its previous price.
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Interestingly, Shiba Inu has already surpassed some of these long-term projections. In March, the memecoin hit a multi-year high of $0.000045.
Until June, SHIB was still trading above $0.000025 before the market downturn caused its price to decline to its current level.
With Shiba Inu currently trading at $0.00001781, the experts' optimistic prediction of reaching $0.000045 by 2030 appears increasingly plausible. Achieving this target would require a 152.66% price increase from its current level.
It is worth noting that SHIB has shown its capability for rapid upward movements, surging by 373% in less than ten days in Q1 to reach the predicted target.
This suggests that the experts' predictions could be realized sooner than anticipated, reflecting Shiba Inu's significant potential for growth in the cryptocurrency market.
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