Shiba Inu (SHIB) has achieved tremendous success in its four-year history. Just one year after its debut, SHIB hit an all-time high of $0.00008616, a multi-million dollar gain from 2020 price levels. Since reaching its peak in 2021, SHIB’s price has struggled to regain the same momentum, falling more than 77% from its all-time high.
According to analysts at Finder, SHIB will only rise to $0.000025 by 2025, which is about 27.5% higher than its current level. The platform also predicts that SHIB will reach $0.000045 in 2030, which is 129.5% higher than its current level. These figures may disappoint many SHIB fans and investors, as the asset's historical gains are far greater than this.
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Finder's report quoted Dimitrios Salampasis, a senior lecturer in emerging technologies and fintech at Swinburne University of Technology. Salampasis said: "Shiba Inu Coin is a meme-inspired cryptocurrency that lacks a specific purpose or use case. It does not solve any problems and does not provide any unique features. The value of Shiba Ino Coin is driven entirely by speculative trading and social media trends."
So how did I get into SHIB in the first place? It was because I was attracted by the legends of getting rich quickly. Seeing others making a lot of money easily, I was itching to get a piece of the pie in the cryptocurrency circle.
At the beginning, the market was really good, and the price kept rising. I felt so happy. I felt that I was about to reach the peak of my life and achieve financial freedom! However, the good times did not last long. The price was like a roller coaster, rushing down all the way. I watched the numbers in my account getting smaller and smaller, and I was so anxious!
Looking back now, I was so naive at the time, thinking that making money was so easy. I didn't know that the water in the cryptocurrency circle was so deep that I was drowned and lost if I wasn't careful. I just want to ask, what's going on with SHIB? Why is it falling again and again, with no signs of improvement? I stare at the trend chart every day, hoping that it can give me some hope, even a little sign of rising. But the result always disappoints me.
Sometimes I wonder if I have bad luck or I am not suitable for this game. However, I am unwilling to give up. After all, I have invested so much time and energy, as well as my hard-earned money.
While Finder is rather pessimistic about SHIB’s prospects, other platforms are more optimistic about the memecoin.
According to Changelly, SHIB will reach the level of $0.00004 in July. The platform expects SHIB to reach $0.00004170 on July 21, 2024. Changelly also expects SHIB to reach a peak price of $0.0000380 in 2025. By 2030, the platform predicts that the peak price of dog-themed assets will reach $0.000253. I also know that investment is risky, and everyone understands this. But when you are really in it, watching your money shrink little by little, it really feels bad. I have complained, scolded, and even thought about never touching this thing again.
However, every time when I wanted to give up completely, a voice in my heart said, "Just hold on a little longer, maybe there will be a turning point." Perhaps this is the weakness of human nature. We are always unwilling to let our efforts go to waste.
I also read a lot of so-called expert analysis on the Internet, saying that SHIB still has great potential in the future, and what technical and fundamental aspects are. But these things are too complicated for a small retail investor like me, and I don’t understand them very well. I only care about when it can go back up so that I can get my money back, or even make a small profit.
Sometimes when I tell my friends that I bought SHIB, they all laugh at me, saying I am stupid and that it is a scam. Although I am very sad, I still firmly believe that SHIB will not continue to sink like this. I pay attention to various news every day, such as project progress and community dynamics. As long as there is a little bit of good news, I can be excited for a long time and feel that hope is just around the corner. But it is often a false alarm, and the price remains unchanged.
I have also thought that if SHIB can really return to 0.00002017, I will definitely sell it without hesitation and never touch it again. But now, it just won't give me this opportunity. I don't know how long I have to wait, maybe tomorrow, maybe next month, maybe never. But I will continue to wait, because I believe that one day, my persistence will be rewarded. Just like the saying goes: "You still have to have dreams, what if they come true?" I believe that SHIB will definitely rise again and make us, the retail investors who stick to it, proud!