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.

Finder.com Shiba Inu Price Predictions

search engine.com took the advice of a few 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 of around $0.00002029. The assembled panel taken for the study expects the value of the token to continue falling. Therefore, the value of the SHIB will be $0.000002500 by the end of 2025 and $0.000000325 by the end of 2030.

SHIB quotes in real time

Why is SHIB falling?

  • Whale investors can take profit

The Shiba Inu price is now down 30% from an all-time high of $0.000088 reached in late October. The correction comes amid fears that those with large estates (the whales) are making a profit. This is a huge threat, as the Shiba Inu is often swayed by these buy-to-sell investors. If the whales start unloading, a big drop could shatter new investors’ dumbest assumption, setting off a chain reaction of selling.

  • Growing public attention

Growing mainstream attention could also increase Shiba’s volatility. According to data from base of coins, the typical token holding time is only 11 days on the platform. Others like Bitcoin and Ethereum have waiting 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 advisor before making any investment decision. Mirror-Mag is not responsible in case of bad investments. Before using any third party service, you should do your own research.

Eric Mason
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