- 55 fintech professionals joined a panel to vote on Shiba Inu’s estimated price.
- The panel’s first SHIB price bet for 2022 fell short by 49% amid the FTX collapse.
- SHIB custodians await a game-changer in the automatic SHIB burn mechanism.
Shiba Inu (SHIB) is often regarded as a long-term investment by numerous Ethereum whales and well-known crypto personalities like Justin Sun. As 2023 was packed with new developments in the Shiba Inu Ecosystem, the exponential growth challenges its status as a memecurrency.
To establish Shiba Inu’s place in the financial landscape, 55 fintech specialists joined a panel to share their thoughts on SHIB. The survey asked each of the participants SHIB price estimates for 2025.
The first survey concluded that SHIB would be priced at $0.00000959 by the end of 2022. SHIB actually traded at $0.00000959 by that time, 49% down from the estimation. For 2025, the cumulative price estimate takes SHIB to levels unprecedented since December 12, 2021.
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“The panel expects the token’s value to continue its ascent and be worth $0.00004930 to close out 2025,” reads the survey’s description. One of the participants, Alexander Kuptsikevich from FxPro, went as far as to predict SHIB exchanging hands at $0.0001 by the end of 2025.
The group panel is in two camps about Shibarium’s influence over Shiba Inu’s success, with most pros unsure how major Shibarium updates will affect the price. To illustrate, only 16% of the participants agreed that Shibarium Layer-2 blockchain will assist with transaction efficiency, while 69% of the surveyed participants were not sure and 3% said ‘No’.
The Hidden Factor in SHIB’s Price Movement
Alongside Shibarium’s growth, it’s fair to say that the Shiba Inu community has great expectations within the SHIB burning mechanism. Since SHIB’s Layer-2 was released, the amount burned heavily depends on the network fees gathered from Shibarium.
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Three cumulative burns in December 2023 resulted in over 25B SHIB set ablaze and an instant spike in SHIB’s market value. While manual cryptocurrency burning is still an efficient way to reduce the circulating supply and maintain the crypto’s price, an automatic SHIB burning mechanism would bring a steady SHIB burn rate.
SHIB is changing hands at $0.000008939 at press time, sliding down by 1.2% in the last 24 hours. SHIB has been trading in phased consolidation since last week, unable to hop above the $0.00001 resistance barrier since January 12, 2024.
On the Flipside
- When previously voting for SHIB’s potential price, the financial analysts couldn’t consider the FTX liquidity crunch, Terra Luna’s UST fiasco, and other macroeconomic factors of 2022.
- 9% of the 55 participants listed on Finder’s official website agreed that $SHI stablecoin could be a key factor for Shiba Inu’s adoption. However, the stablecoin project is still in development.
Why This Matters
Shiba Inu price estimates by fintech industry leaders, including a list of experienced CEOs and university professors, show another perspective on SHIB besides retail investor sentiment.
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