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 <p class="paragraph">As the week has <a rel="noopener noreferrer nofollow" title="start" href="https://thebittimes.com/tag/start.html">start</a>ed on a bullish note in the cryptocurrency market, dog meme digital asset Shiba Inu (SHIB) is no exception, breaking its negative streak with a modest daily gain, and finance <a rel="noopener noreferrer nofollow" title="experts" href="https://thebittimes.com/tag/experts.html">experts</a> have varying views on its expected <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> for the beginning of 2024.</p>
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 <p class="paragraph">Specifically, two finance experts have shared their professional views of Shiba Inu, as well as their insights on its potential price movements at the start of the new year, including Andrew Lokenauth, the founder of <em>TheFinanceNewsletter.com</em> and Krishna Rungta, the founder of <em>Guru99</em>, on October 14.</p>
 <h2 class="wp-block-heading" id="h-andrew-lokenauth-founder-of-thefinancenewsletter-com">Andrew Lokenauth, founder of TheFinanceNewsletter.com</h2>
 <p class="paragraph">As it happens, Lokenauth views Shiba Inu as a “purely speculative asset” with “no underlying value or utility” and which “lacks real-world use cases beyond trading and speculation.” Additionally, he has criticized the “poor transparency and communication” of its developers, as well as the “limited ecosystem compared to other major cryptocurrencies,” which all make it “vulnerable to volatility.”</p>
 <p class="paragraph">On top of that, the experienced investor argued that Shiba Inu “competes with other dog-themed meme coins,” including the famed Dogecoin (DOGE). With this in mind, he predicts SHIB will “likely continue declining” in the absence of major catalysts and in the face of the bear market “eating into speculative assets,” setting the <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> of Shiba Inu at $0.000005 at the <a rel="noopener noreferrer nofollow" title="start" href="https://thebittimes.com/tag/start.html">start</a> of 2024.</p>
 <h2 class="wp-block-heading" id="h-krishna-rungta-founder-of-guru99">Krishna Rungta, founder of Guru99</h2>
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       <h3 class="font-bold leading-6 " id="how-much-did-shib-lose-in-a-year-the-answer-may-surprise-you">How much did SHIB lose in a year? The answer may surprise you</h3>
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       <h3 class="font-bold leading-6 " id="shib-market-analysis-a-deep-dive-into-price-and-development-dynamics">SHIB market analysis – A deep dive into price and development dynamics</h3>
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 <p class="paragraph">At the same time, Rungta noted that the launch of the highly anticipated layer 2 blockchain Shibarium has failed to produce a major effect on the price of Shiba Inu, adding that this illustrates the complicated nature of the crypto market in general. As he explained:&nbsp;</p>
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  <p class="paragraph">“In SHIB’s case, the Shibarium upgrade, while highly anticipated, didn’t have the immediate impact on price some had hoped for. This highlights the complexity of crypto markets, where even significant developments may not lead to immediate price surges.”</p>
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 <p class="paragraph">While not offering any specific numbers, Rungta has observed the key drivers for the price of Shiba Inu, including internal factors like the project’s development progress and adoption rate and external ones, such as regulatory changes, market sentiment, and the overall performance of the wider crypto sector.</p>
 <h2 class="wp-block-heading" id="h-shib-price-analysis">SHIB price analysis</h2>
 <p class="paragraph">As things stand, SHIB is currently changing hands at the price of $0.00000707, which represents an increase of 0.46% on the day, albeit still being down 0.54% across the previous week and losing 5.3% on its monthly chart, as per the latest information retrieved on October 16.</p>
 <figure class="wp-block-image aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://lh7-us.googleusercontent.com/w9XT8wXIz_C7rKncuLgw9No_1bnpIubTYzByGADPAjCUMqE949BMhrqqoK587aJTTHkmGeS4pmDiH71R8wyd73G0I01fjwUywo2eeXSh64T4fiZxbfo8Gn5ilJbrW6Nh_U4v6nTes7BcqSLxDgNpjxs" alt>
  <figcaption class="wp-element-caption"><em>SHIB 30-day price chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">All things considered, SHIB could, indeed, lack the strength to make a significant recovery in January, but artificial intelligence (AI) algorithms have suggested that it might still start the next year on a bullish note, currently setting its price at $0.000007146 on January 1, 2024.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/finance-experts-predict-shib-price-for-start-of-2024-tbt66499.html">https://thebittimes.com/finance-experts-predict-shib-price-for-start-of-2024-tbt66499.html</a></p>

Finance experts predict SHIB price for start of 2024

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