Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
What are the key risks?
1. You could lose all the money you invest
The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in cryptoassets. This is an altcoin and these tend to be even more volatile than Bitcoin.
The cryptoasset market is largely unregulated. There is a risk of losing money or any cryptoassets you purchase due to risks such as cyber-attacks, financial crime and firm failure.
2. You should not expect to be protected if something goes wrong
The Financial Services Compensation Scheme (FSCS) doesn't protect this type of investment because it's not a 'specified investment' under the UK regulatory regime – in other words, this type of investment isn't recognised as the sort of investment that the FSCS can protect. Learn more by using the FSCS investment protection checker.
The Financial Ombudsman Service (FOS) will not be able to consider complaints related to this firm or Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance. If you have a complaint against an FCA regulated firm, FOS may be able to consider it. Learn more about FOS protection here.
3. You may not be able to sell your investment when you want to
There is no guarantee that investments in cryptoassets can be easily sold at any given time. The ability to sell a cryptoasset depends on various factors, including the supply and demand in the market at that time.
Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay and you may be unable to sell your cryptoassets at the time you want.
4. Cryptoasset investments can be complex
Investments in cryptoassets can be complex, making it difficult to understand the risks associated with the investment.
You should do your own research before investing. If something sounds too good to be true, it probably is.
5. Don't put all your eggs in one basket
Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well.
A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
If you are interested in learning more about how to protect yourself, visit the FCA's website here.
For further information about cryptoassets, visit the FCA's website here.
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.
*Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.
Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.
Kliment Dukovski is a personal finance writer at Finder, specializing in investments and cryptocurrency. He's written more than 700 articles to help readers compare the best trading platforms, understand complex investment terms and find the best credit cards for their needs. His expert commentary has been featured in such digital publications as Fox Business, MSN Money and MediaFeed. He’s also well-versed in money transfers, home loans and more — breaking down these topics into simple concepts anyone can understand. In another life, Kliment ghostwrote guides and articles on foreign exchange, stock market trading and cryptocurrencies.
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