A panel of industry specialists give us their predictions for the price of through 2030.
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Finder analyzes expert price predictions each quarter. We conducted our most recent survey in January 2024 in which 13 crypto industry specialists shared their thoughts on how shiba inu (SHIB) would perform through 2030, while 30 panelists shared their thoughts on whether it's time to buy, hold or sell SHIB.
All prices mentioned in this report are denominated in US dollars.
On average, our panelists think shiba inu (SHIB) will be worth $0.00001 by 2024 before rising to $0.000025 by 2025 and $0.000045 by 2030.
Shiba Inu (SHIB) price predictions for 2024, 2025 and 2030
On average, our panelists think SHIB will be worth $0.00001 by year-end 2024, which is only 11% higher than the asset's price at the time of writing — $0.000009.
Our panelists also predict that SHIB will rise to $0.000025 by year-end 2025 and $0.000045 by year-end 2030, which is, respectively, 177% and 400% higher than its current price.
These aren't very large price increases for an asset that has historically increased in value by almost 560% in a month.
"SHIB is an asset whose future price is basically impossible to predict," explains Daniel Polotsky, founder and chairman of CoinFlip. "It's all based on narratives/vibes and the dog coin mania that DOGE unleashed. SHIB doesn't have an established use case in crypto besides being a fun project. I would proceed with caution and only invest what you're willing to lose."
Dimitrios Salampasis, Senior Lecturer for Emerging Technologies and FinTech at Swinburne University of Technology, echoed Polotsky's sentiment.
"The Shiba Inu Coin is a meme-inspired cryptocurrency lacking a specific purpose or use case," shares Salampasis. "It does not solve any problem, and it does not provide any unique functionalities. Shiba Inu Coin's value is solely driven by speculative trading and social media trends."
Mitesh Shah, founder and CEO of Omnia Markets, Inc., believes that SHIB's price is driven by investors looking for higher returns once the price of bitcoin (BTC) pumps after the Bitcoin halving.
"Historically, previous Bitcoin halvings have coincided with increased interest in altcoins as investors and newcomers opt to add lower-priced assets to their portfolios in hopes that they boom along with the general market," shares Shah. "I believe both DOGE and SHIB may experience the same trends as the reduced supply in Bitcoin, along with [its] expected price increase, will lead investors to explore alternative options, driving capital into altcoins."
But not all of our panelists feel that the price of SHIB will pump just because of speculation.
"My point of view is optimistic regarding Shiba Inu's future price trajectory," begins Samy Ben Bahmed, manager at Sastanaqqam. "I base this on the expectation of increasing utility and adoption of the Shiba Inu ecosystem, which could drive demand and consequently the price. Furthermore, the growing interest in decentralized finance (DeFi) and non-fungible tokens (NFTs), primarily hosted on the Ethereum blockchain, which shiba inu leverages, could positively impact its value."
Is now the time to buy, hold or sell shiba inu (SHIB)?
Half of our panelists feel that it's time to hold SHIB.
Just under one-third (30%) think it's time to sell SHIB, while one-fifth say it's time to buy the digital asset.
"The price trend of SHIB may be highly correlated with the price trend of ETH," explains Chen. "In addition, whether Shibarium (a Layer 2 Ethereum network) can truly establish its own DeFi and GameFi ecology is also a key factor for the token to emerge from the independent market."
Nisheta Sachdev, Managing Director at Luna Media Corporation, also says SHIB is a "hold."
"It's a strong competitor to DOGE, but [it] lacks [a] use case," shares Sachdev.
Josh Fraser, cofounder of Origin Protocol, says it's time to sell SHIB.
"It's difficult to say whether SHIB has staying power in the meme coin sector," shares Fraser. "We've seen newer meme coins take a lot of market share from SHIB, and this trend is likely to continue."
John Hawkins, Senior Lecturer at the University of Canberra, also says it's time to sell your SHIB.
"This is another coin with no use," deadpans Hawkins.
Shubham Munde, Senior Market Research Analyst at Market Research Future, is more optimistic. He says SHIB is a "buy".
"The community is actively developing utility for its token, and that initiative could boost the prices," claims Munde.
Meet the panel
Methodology
Finder surveyed 40 fintech specialists in January 2024. Panelists can answer as many or as few questions as they like, meaning the number of responses received varies by question. 13 panelists gave their price prediction for SHIB by year-end 2024, 2025 and 2030. Panelists may own some cryptocurrencies, including SHIB. All prices are listed in USD per SHIB.
Changes to methodology:In 2021, this research was conducted using the simple mean of all answers supplied to Finder. From 2022, we switched to using the truncated mean, with the top and bottom 10% of responses removed to attain a more consistent result. Any 2021 results quoted in this analysis have also been re-calculated using the truncated mean.
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Frank Corva is business-to-business (B2B) correspondent for Bitcoin Magazine and formerly the cryptocurrency writer and analyst for digital assets at Finder. Frank has turned his hobby of studying and writing about crypto into a career with a mission of educating the world about this burgeoning sector of finance. He worked in Ghana and Venezuela before earning a degree in applied linguistics at Teachers College, Columbia University. He also taught writing and entertainment business courses in Japan and worked with UNICEF in Namibia before returning to the US to teach at universities in New York City. Earlier in his career, he spent years working as a publicist and graphic designer for record labels like Warner Music Group and Triple Crown Records. During that time, he was also a music journalist whose writing and photography was in published in Alternative Press, Spin and other outlets. See full bio
As part of Finder’s October 2024 Cryptocurrency Prediction Report, we asked a panel of 28 experts who they thought was the most crypto friendly candidate.
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