The cryptocurrency market was painted red. Shiba Inu (SHIB) dropped from a high of $0.00001503 to a low of $0.00001439. At press time, SHIB was trading at $0.00001479 with a 1.43% surge over the past 24 hours. SHIB had a reasonably bullish week with a 7% surge over the past seven days.
Also Read: BRICS: Russia To Officially Use Cryptocurrency For Trade Settlements
Shiba Inu’s Market Performance and Future Predictions
This dip comes after Shiba Inu decided to emerge as a prominent decentralized governance player with its DAO’s upcoming launch. SHIB trading has experienced a significant decline, falling by 39% to $204 million after the announcement. But the meme coin saw a 5% rise, and the daily trading volume was at $244 million.
Also Read: Telegram’s Toncoin (TON) Falls 17% Following Founder’s Arrest
Revival Incoming for Shiba Inu?
Despite the meme coin’s current fall, the asset surged by more than 80% over the past 12 months. This means that Shiba Inu has the potential to rise. 13 financial experts surveyed by Finder also confirmed this. They believe the asset will increase by over 400% sooner.
An updated study from Finder states that 13 cryptocurrency experts discussed their predictions for Shiba Inus’s success through 2030. Interestingly, the experts made their forecasts around $0.000009.
Long-Term Price Predictions
The cryptocurrency experts surveyed for the Finder research predicted that SHIB will trade at $0.00001 by year’s end. This represents an 11% increase from its survey price of $0.000009.
They believe that in 2025 and 2030, respectively, SHIB might be priced at $0.000025 and $0.000045. The $0.000045 mark calls for a 400% increase.
Also Read: Shiba Inu: How High Can SHIB Surge in September 2024?
In addition, the $0.000025 target represents a 177.77% rise. This means that the meme coin will take some time before exploding.
Credit: Source link
