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Shiba Inu Price Predictions (SHIB): Will SHIB Price Reach $1 This Year?

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The Shiba Inu has already climbed 60,000,000% since its introduction, despite questionable fundamentals. However, Shiba Inu (SHIB) price forecasts have not been encouraging recently.

Shiba Inu price predictions from Finder.com

finder.com took the advice of some experts in their thoughts on the performance of the Shiba Inu over the next decade. This study shows that SHIB is not doing well. Experts predict its value at $0.000018750 by the end of 2022.

This would mean a 7.6% drop in value from the current price of around $0.00002029. The assembled panel, taken for research, expects the value of the token to continue to fall. Thus, the value of SHIB will be $0.000002500 by the end of 2025 and $0.000000325 by the end of 2030.

SHIB Live Quotes

Why does SHIB crash?

  • Whale investors can take profits

The price of the Shiba Inu is now down about 30% from its all-time high of $0.000088 hit at the end of October. The correction comes amid fears that those with large assets (whales) are taking profits. This is a serious threat as Shiba Inu are often influenced by these buy-to-sell investors. If the whales start offloading, a big drop could shatter the most foolish assumption of new investors, setting off a chain reaction of selling.

  • Growing public attention

Growing mainstream attention could also increase Sheba’s volatility. According to data from Coinbase, the typical holding time of a token on the platform is only 11 days. Others, such as Bitcoin and Ethereum, have a holding time of 76 days and 77 days, respectively. The data shows that most new buyers are looking for a quick turnaround, not a long-term investment.

The numbers are unlikely to improve any time soon. With this trend, it will be very difficult for SHIB to reach 1 euro in 2022. And retail investors who buy the token now may come close to the top.

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Be vigilant and consult your financial advisor before making any investment decision. Mirror-Mag cannot be held responsible for unsuccessful investments. Before using any third party service, you should do your own research.

Passionate about trading the stock market and cryptocurrencies, and convinced that cryptocurrencies provide a perspective that everyone should experience, Erica is working on writing articles on the topic to share her experience and provide synthetic and reliable information.

Erica Masson
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