Shiba

2024

Bitcoin

Shiba Inu

<div class="finbold">
 <p class="paragraph">As the cryptocurrency market rides out its most recent wave, with Bitcoin (BTC) recently hitting a new all-time high (ATH) after briefly topping $69,000, the ripple effect is being felt across the entire sector.&nbsp;</p>
 <p class="paragraph">Shiba Inu (SHIB), a notable player in the decentralized finance (DeFi) space, has been part of this bullish trend, echoing the market’s overall positive sentiment.</p>
 <p class="paragraph">Machine learning and artificial intelligence (AI) algorithms alone forecast a further increase for the token, setting SHIB to reach $0.000043 by March 31, per the data acquired on March 5, 2024.&nbsp;</p>
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 <p class="paragraph">Following SHIB’s bullish trend, several finance analysts have weighed in to answer the question – where will SHIB’s <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> stand at the end of 2024?</p>
 <h2 class="wp-block-heading" id="h-1-alexander-kuptsikevich">#1 Alexander Kuptsikevich</h2>
 <p class="paragraph">Alexander Kuptsikevich, a senior market research analyst at FxPro, has a positive stance with regard to SHIB, predicting a <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> target of $0.0001 by the end of 2024. The analyst notes:&nbsp;</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“This is just one of many meme coins. It is unlikely to roar as it did in 2021, although it can ride the future waves of the crypto market.”&nbsp;</p>
 </blockquote>
 <h2 class="wp-block-heading" id="h-2-sathvik-vishwanath">#2 Sathvik Vishwanath</h2>
 <p class="paragraph">Dissimilar to Kuptsikevich, the CEO of Unocoin Technologies, Sathvik Vishwanath is not as optimistic. The executive offers a more cautious endorsement of SHIB, suggesting it holds a ‘hold’ rating.</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“[SHIB] can be a good investment. The growth potential is over 100% in the next few years. However, it is better to buy Shiba Inu in moderate quantities because the project has not yet found its true value.”</p>
 </blockquote>
 <h2 class="wp-block-heading" id="h-3-finder-panel-of-industry-specialists-nbsp">#3 Finder panel of industry specialists&nbsp;</h2>
 <p class="paragraph">According to Finder, a panel of industry specialists projects SHIB to decrease to a value of $0.00001 by the close of 2024, with its current <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> at $0.000034. Looking further ahead, the panel anticipates another change in SHIB’s value, expecting the token to reach $0.000025 by the conclusion of 2025.</p>
 <p class="paragraph">Daniel Polotsky, the founder and chairman of CoinFlip elaborates:&nbsp;</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“SHIB is an asset whose future <a rel="noopener noreferrer nofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> is basically impossible to predict. 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.”</p>
 </blockquote>
 <p class="paragraph">However, following Bitcoin’s surge above the $65,000 threshold this week, Wall Street Financial Analyst Linda Jones took to Twitter to announce that her investment firm had also acquired tokens such as SHIB.&nbsp;</p>
 <p class="paragraph">The author of the financial self-help book <em>‘3 Steps to Quantum Wealth’</em> expressed her satisfaction with Shiba Inu’s performance surpassing Bitcoin’s in the current bullish market.</p>
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   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <p lang="en" dir="ltr">Yes, I am a huge fan of #XRP, but in the Be Wealthy &amp; Smart VIP Experience we also invest in other cryptos. Three of our investments are in the Top 10 Performers year-to-date. And it gives me great joy that so far all of them are outperforming Bitcoin. pic.twitter.com/mQioYTJ8L3</p>— Linda P. Jones (@LindaPJones) March 4, 2024
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 </figure>
 <h2 class="wp-block-heading" id="h-shiba-inu-price-analysis">Shiba Inu price analysis</h2>
 <p class="paragraph">At the time of publication, Shiba Inu was trading at $0.00003419, having retreated 7.16% in the past 24 hours.&nbsp;</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="891" src="https://cdn.thebittimes.com/images/2024/03/06/38a29522633247afebce75bfa28db9a8.webp" alt class="wp-image-159160" srcset="https://cdn.thebittimes.com/images/2024/03/06/38a29522633247afebce75bfa28db9a8.webp 1024w, https://cdn.thebittimes.com/images/2024/03/06/38a29522633247afebce75bfa28db9a8.webp 300w, https://cdn.thebittimes.com/images/2024/03/06/38a29522633247afebce75bfa28db9a8.webp 768w, https://cdn.thebittimes.com/images/2024/03/06/38a29522633247afebce75bfa28db9a8.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   SHIB 1-day price chart. Source: Finbold
  </figcaption>
 </figure>
 <p class="paragraph">Despite this slight decline, it has grown 219.35% over the last week.&nbsp;</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em>&nbsp;The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/finance-experts-set-shib-price-for-end-of-2024-tbt81782.html">https://thebittimes.com/finance-experts-set-shib-price-for-end-of-2024-tbt81782.html</a></p>

Finance experts set SHIB price for end of 2024

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