Shibarium rained down on all expectations that were instilled amidst the Shiba Inu community before its launch. This “revolutionary” project failed to live up to expectations and had no impact on the price of the meme coin at all. Nevertheless, there is still a positive outlook in the market, with the community expressing optimism about the asset’s future potential.
Shiba Inu experienced an astonishing rise of nearly 85 million percent from its inception in August 2020. This was until it reached its record peak of $0.00008616 in October 2021. Early investors witnessed transformative gains, as a $1,000 investment turned into returns exceeding $1 million and beyond. This upward momentum has also created the potential for projecting a 600% increase for the meme coin in the coming years.
Also Read: Shiba Inu to $1: Will You Hold SHIB Even if You’re 80 Years Old?
Currently, Shiba Inu is trading at a meager $0.000007115, reflecting a 4% drop within the past 24 hours. Moreover, SHIB has experienced a significant decline of 44.81% over the course of the year. In addition, a seller’s sentiment has lingered throughout the last couple of weeks. Clearly, the short-term prospects for SHIB do not appear very favorable.
Furthermore, it’s worth noting that just 9% of the asset’s holders are presently in a profitable position. This implies that an overwhelming majority of 87.19% of SHIB holders find themselves facing losses because of its current price.
Also Read: Dogecoin Beats Shiba Inu, Pepe as the Most Profitable Meme Crypto
So when will SHIB soar by 600%?
Nonetheless, the outlook for the long term appears considerably brighter, as indicated by a group of financial technology experts by Finder. Over time, it is anticipated that Shiba Inu will be able to shed one zero from its price with the rise.
More precisely, they project it to reach a value of $0.00004930 by 2025. This represents a substantial increase of 593% from the current price. The official report underscored this forecast and read,
“The panel expects the token’s value to continue its ascent and be worth $0.00004930 to close out 2025.“
