shiba inu (SHIB) has demonstrated remarkable resilience in the face of the ongoing downtrend affecting the broad crypto market. Despite the bearish pressure, the asset managed to hold its position above the critical level at $0.00001. A panel of industry experts from Finder had previously predicted a substantial 350% increase in price over the next two years.
Finder, a leading FinTech benchmarking platform, previously gathered insights from a panel of 55 experts in the FinTech industry to provide an informed assessment of Shiba Inu’s price movements. This respected panel of experts has reached a collective agreement on the expected direction of the price of SHIB by 2025.
The common prediction of this panel was that the Shiba Inu will rise to $0.00004930 by 2025. Meeting this price target will result in a significant 380% increase from the asset’s present value of $0.00001025.
On the other hand, Alex Kuptsikevich, a market expert and senior financial analyst at FxPro, said: meme coinIt has a more bullish outlook on the price of . The finance expert predicted that SHIB will reach a significant price of $0.0001 by 2025, pointing to a significant increase of 875% from its current value.
“This is just one of many memecoins. Crypto Although it may drive future waves of the market, it is unlikely to roar like it did in 2021,” said Kuptsikevich, talking about the prospects of the asset.
Panelists also took into account the potential of Shiba Inu’s layer-2 network, Shibarium, to support the asset’s price movements and the wider Shiba Inu ecosystem. 25% of experts predict that Shibarium will have a positive impact on the price of SHIB, while 22% believe it will not.
Shiba Inu Holds Over $0.00001
Meanwhile, the Shiba Inu continues to consolidate around the $0.00001 price zone at time of writing, taking its fair share of bears blows. Despite this, the asset is among the least affected by the recent downtrend. SHIB fell 8.88% in the past week, while BTC and ETH fell 10.13% and 11.75% respectively.
The Shiba Inu has held above the $0.00001 level since recovering after falling to $0.000009764 on March 10. However, over the past two months, the asset has struggled to regain its February high of $0.0015 as the bears have strongly resisted its upside momentum.
As Koinfinans.com reported, as of now, SHIB is looking for the next level of market support that will allow it to form a more stable position above $0.000011 before making another upward move.
Source : The Crypto Basic