After Luna, Shiba Inu may be the next memecoin to go bust, according to expert

5.4 Billion SHIB Destroyed in 24 Hours, But Price Drops to October 2021 Low

SHIB price drops to October 2021 low

Fintech Company conducted a survey asking 36 fintech experts about Shiba Inu and found that 73% of the panelists believe now is the best time to sell the meme coin. 

Like Shiba, experts have often warned investors that Dogecoin could go the way of the dodo any day. The price of DOGE was pegged at around $0.08 

The Future of Shiba Inu- What Experts Think!

According to experts, Dogecoin’s popularity is based in part on Elon Musk’s support, typically voiced on Twitter. Unfortunately, the Shiba Inu coin has no such champion in its corner, and considering it’s billed as a “Dogecoin killer,” it isn’t likely to get the multi-billionaire’s support anytime soon.

The head of funds at DigitalX Asset Management, Matthew Harry, says he can’t be optimistic about SHIB and believes it will fall to US$0.0001 by the end of 2022, and lose all value within the next three years. 

Current Price of Shiba inu Coin - $0.0000123