Will the price of SHIB reach 1 euro this year?

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

Shiba Inu Price Predictions from Finder.com

Finder.com took the advice of some specialists for their thoughts on Shiba Inu performance over the next decade. This study reveals that things are not looking good for SHIB. Experts predict its value at $0.000018750 by the end of 2022.

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

Real-Time SHIB Quotes

Why is the SHIB dropping?

  • Whale investors can take profits

Shiba Inu price is now down about 30% from an all-time high of $0.000088 reached in late October. The correction comes amid fears that those with large holdings (the whales) are taking profits. This is a major threat, as the Shiba Inu is often swayed by these buy-to-sell investors. If the whales start to unload, a big drop could shatter the most foolish assumption for new investors, causing a chain reaction of selling.

  • Growing public attention

Growing mainstream attention could also increase Shiba’s volatility. According to data from Coinbase, the typical holding time of the token is only 11 days on the platform. Others like Bitcoin and Ethereum have holding times of 76 days and 77 days respectively. The data suggests that most new buyers are looking for a quick turnaround rather than a long-term investment.

The figures are not likely to improve in the near future. With such a trend, it will be very difficult for SHIB to reach 1 euro in 2022. And retail investors who buy the token now could come close to the top.

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Be vigilant and consult your financial adviser before making any investment decision. Mirror-Mag cannot be held responsible in the event of bad investments. Before using any third-party service, you should do your own research.

Erica Masson
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