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The Money Desk · Blog
Re:

Dogecoin vs. Shiba Inu vs. Retik Finance: Did Any Deliver 30x Returns in 2024?

A 30x return in 2024 can only be checked with a common, reproducible price window. The cited materials do not establish that DOGE, SHIB, or RETIK delivered one.
From TheFinanceBase Team4 min to read
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No reliable, like-for-like evidence in the cited materials establishes that Dogecoin (DOGE), Shiba Inu (SHIB), or Retik Finance (RETIK) delivered a 30x return during 2024. Since 2024 has passed, the useful question is what a dated comparison can actually prove—not which token might have returned 30x.

What counts as a 30x return?

A 30x price multiple means the ending price is 30 times the starting price: a 2,900% gain before fees. To test whether a token reached that multiple, a comparison needs a common, clearly specified measurement window and reproducible prices. The cited materials do not provide a comparable, independently verified 2024 return series for all three tokens, so they do not support a defensible winner or a claim that any one achieved 30x over a shared window.

A sound retrospective would state the entry and exit timestamps, the exchange or index and quote currency, whether prices are intraday or closing prices, and how fees and slippage are treated. It should also distinguish a token’s price change from an investor’s realized return, which depends on when and how that person bought and sold.

How the three tokens differ

Token What the cited source describes What that does not establish
DOGE A proof-of-work cryptocurrency launched in 2013. A 2025 SEC-filed Dogecoin trust registration document says issuance continues without a fixed supply cap and that the block reward was fixed at 10,000 DOGE in 2014. It also describes tipping, trading, and donations as uses. The filing does not establish a 2024 return multiple or prove future demand. Ongoing issuance is relevant to supply, but by itself does not determine price performance.
SHIB A June 28, 2024 CFTC-filed futures submission describes SHIB as an Ethereum ERC-20 token, originally with a one-quadrillion supply, and discusses announced Shibarium layer-2 plans. The filing’s overview of announced plans is not independent confirmation that each planned feature was delivered, nor does it establish a 2024 return multiple.
RETIK Retik Finance’s own site describes RETIK as an Ethereum ERC-20 governance token with a stated total supply of 1 billion. It presents planned services including debit cards, a payment gateway, a wallet, a swap aggregator, and lending. These are issuer descriptions and plans, not independent proof of operational delivery, adoption, liquidity, or investor returns.

The SEC-filed Dogecoin trust registration document describes its origin this way: “Dogecoin was designed as a ‘fun and friendly internet currency,’ and adopted the image of a Shibu Inu dog as its logo.”

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Why RETIK’s 2024 launch date is not a reliable comparison point

Retik Finance’s website said RETIK was scheduled to list on centralized and decentralized exchanges on May 21, 2024. Its whitepaper roadmap instead placed the token launch on DEX and CEX in Q3 2024. Those issuer statements conflict. Neither, on its own, verifies the actual first trading date, the price available to buyers, or subsequent liquidity.

That matters because a presale price, a planned listing date, and a price observed on an exchange are not interchangeable entry points. A claimed RETIK return can change substantially depending on which starting price and timestamp are chosen. Without a verified, common price basis, putting RETIK beside DOGE and SHIB in a 2024 multiple ranking would create false precision.

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What the SHIB volatility figure does—and does not—show

The June 28, 2024 CFTC-filed SHIB futures submission reports a 5.2% average 30-day trailing standard deviation of daily SHIB price changes since the start of 2022. That is a historical volatility statistic reported in an exchange filing to the CFTC. It is not an expected return, a maximum-loss estimate, or a comparable volatility measure for DOGE and RETIK. It therefore cannot answer which of the three had the best risk-adjusted 2024 result.

How to judge a 30x claim

  • Fix the window first. Specify the exact buy and sell timestamps rather than selecting a token’s lowest and highest prices after the fact.
  • Use comparable prices. Name the exchange or index, currency, and price convention, and explain whether the figures are available for each asset over the whole window.
  • Separate price performance from realized results. A quoted price multiple excludes transaction costs unless fees and slippage are explicitly included.
  • Check what the starting price represents. For RETIK in particular, distinguish presale terms, issuer-stated listing plans, and independently verifiable exchange prices.
  • Assess supply and delivery separately. Token issuance, supply figures, roadmap claims, and demonstrated network use are different considerations; none substitutes for a measured return series.

What U.S. regulatory statements add

In a March 23, 2026 joint interpretation, the SEC and CFTC listed DOGE and SHIB among examples of digital commodities, based on the agencies’ understanding of their characteristics and functions at that time. RETIK was not among the examples listed. The interpretation is U.S. federal context, not a universal or permanent legal classification; it also says it does not replace the binding Howey test and solicits public comment. A regulatory characterization does not establish investment merit or a likely return.

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The SEC Division of Corporation Finance’s FAQ, updated September 28, 2026, says promotional statements are evaluated based on their facts and circumstances. Its discussion of buybacks notes that their implications can differ depending on whether a system is functional and whether a promoter presents the buyback as creating yield or return. This is staff guidance, not a token-specific determination.

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What can be concluded about 2024?

The cited materials describe different token designs, supply characteristics, and issuer plans, but do not provide the common-window price data or adoption evidence needed to rank DOGE, SHIB, and RETIK on 2024 returns. No claim that one of them delivered 30x is established here. A confident ranking would require dated price data and a transparent calculation, not a project description, roadmap, or isolated volatility statistic.

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