Despite the massive roadblock on the Shiba Inu to $0.001 path, ChatGPT believes the lofty price mark is not impossible, according to a disclosure from the Shiba Inu team.

Shiba Inu (SHIB), despite grappling with the recent market downturn, continues to draw optimistic projections from its community and industry observers.

Shiba Inu (SHIB) has been a hot topic in the crypto sphere, with many discussing the possibility of the meme coin hitting $0.01. While Lucie, who heads marketing for the Shiba Inu ecosystem, has confirmed that it is possible for SHIB to reach $0.01, she warns that it won't happen overnight.

"It's possible but don't expect it tomorrow or the day after tomorrow. It will take time. People need to be patient," she stated in response to a user on X (formerly Twitter).

However, in a surprising turn of events, ChatGPT, the AI chatbot developed by OpenAI, did not dismiss the possibility of Shiba Inu hitting $1.

"Could Shiba Inu hit $1? It's a challenge, but not an impossibility. We've seen incredible feats in the crypto market, driven by community strength, market narrative, and momentum," ChatGPT responded when asked about the possibility.

The chatbot went on to say that if the global crypto market experiences a tenfold growth in the coming years, then SHIB's chances of achieving previously unimaginable price levels could improve.

"If Shiba continues to maintain its position among the top-tier crypto assets, then the expansion in the global crypto market capitalization could allow it to aim for these lofty targets," added ChatGPT.

ChatGPT then pointed to several factors that could contribute to moving SHIB closer to the $1 mark. One of the primary factors is the adoption and scaling of Shibarium, the project's layer-2 blockchain solution.

A surge in transactions on Shibarium would naturally drive up token burns, helping reduce SHIB's vast circulating supply, which is a key factor in determining the token's price.

The chatbot also highlighted the growing utility of SHIB across everyday use cases, such as payment systems, gaming applications, and digital identity platforms.

Furthermore, the emergence and adoption of ecosystem tokens like TREAT and BONE could add massive value to the Shiba Inu ecosystem.

"While the prospect of Shiba Inu hitting $1 is not a promise, it no longer falls into the category of a joke. It presents itself as a challenge, and one that SHIB can overcome with widespread adoption, consistent burns, and the development of genuine use cases," concluded ChatGPT.

Despite this hopeful outlook, the numbers involved are staggering. With a circulating supply of roughly 589 trillion tokens, a $1 price would push Shiba Inu's market capitalization to $589 quadrillion.

This figure would far exceed the global broad money supply, which was estimated at $129.3 trillion in Q2 2024, and dwarfs the $21.86 trillion market cap of gold, the world's most valuable asset.

Analysts such as Bitcoin advocate Davinci Jeremie have cited this staggering market cap requirement as a reason why SHIB may never reach $1 without a dramatic reduction in supply.

As a result, for this price to materialize, Shiba might require a large-scale burn event to decrease its circulating supply significantly. This would be a massive undertaking, considering the vast quantities of SHIB in circulation.