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The survey points out that 6 out of 10 stated that the token will die “by the end of 2025”. Only 3% of panelists said they believed this was the right time to buy, although 23% advised holding onto the cryptocurrency.
The Shiba Inu (SHIB) cryptocurrency is a staple of the crypto market and a currency dear to memecoin enthusiasts. However, a survey of FinTech industry experts shows that not everyone shares the positivity of the SHIB community, with many claiming that the coin will even lose all of its value in the future.
A survey by Finder.com, which claims to have consulted 36 FinTech experts on the fundamentals and future of SHIB, revealed that the coin could lose all of its value in the next 8 years. The research panel features Swinburne University Chief Technology Officer Dimitrios Salampasis and University of Canberra Senior Lecturer John Hawkins.
The panel was very direct when talking about the possible future of the cryptocurrency, not mincing words to talk about the distrust with the project. Survey results claim that SHIB will reach $0.000018750 “by the end of the year” – with 70% of the expert group stating that SHIB “will be worthless until the end of 2030”.
Finder co-founder Fred Schebesta entered the debate to claim that the best option now is to sell the cryptocurrency, as over time it will only lose value.
“Being a meme coin, I don’t have much hope for the future of dashiba. I see in the long term this currency getting close to zero, not being able to provide adequate utility,” said Fred.
The survey points out that 6 out of 10 stated that the token will die “by the end of 2025”. Only 3% of panelists said they believed this was the right time to buy, although 23% advised holding onto the cryptocurrency.
Finder stated that it conducted its research at the end of April 2022 and also pointed out that many of the analysts believe that the hype on top of the coin could still have strength in the short term, shifting the price upwards in the near future, however, the long term view is one of negativity.
As you can imagine, the SHIB community was not shaken, especially on Reddit, with members of the “SHIB Army” showing that they trust the project, no matter what the experts say. One of the investors even warned not to believe the research.
“Don’t believe the FUD [Fear, Uncertainty, Doubt]! Keep buying and holding. They want you to sell so they can buy at a discount.”
It is indeed a large number of tokens. However, a vast number of investors can accommodate those quadrillion coins.
According to DigitalX Asset Management Matthew Harry, there’s no secure future with SHIB.
Harry believes Shiba Iny will fall to $0.0001 by the end of 2022, and then lose its whole value in the next three years.
“This market is maturing and things like SHIB will die as capital begins to flow to quality and value rather than being scattered across the field in the hope that every player wins a prize,” Matthew Harry said.
That’s not how things work. Hype dies, the value rises.”
However, Harry is not the only expert that doesn’t believe in the future of SHIB.
Director and lecturer at the Swinburne University of Technology Dimitrios Salampasis illustrated that Shiba Inu doesn’t have a sustainable utility.