Shiba Inu (SHIB) Price Will Never Hit $1

A recent analysis by a Bitcoin analyst has thrown cold water on the possibility of the Shiba Inu price hitting the $1 mark. The analyst firmly dismissed the idea

A recent analysis by a Bitcoin analyst has thrown cold water on the possibility of the Shiba Inu price hitting the $1 mark. The analyst, known online as Davinci Jeremie, has firmly dismissed the idea, suggesting that it is highly unlikely, if not downright impossible.

To understand why the analyst has made such a grim prediction, he dives into Shiba Inu’s market capitalization and supply dynamics, explaining why he believes a $1 price point for SHIB is an unattainable goal.

With Shiba Inu’s vast circulating supply, which, as of April 2025, is around 589.5 trillion, and considering that this number fluctuates daily with token burns, reaching $1 would require an astronomical market cap.

As stated by Jeremie, for Shiba Inu to hit $1, its market capitalization would need to surge to a staggering $600 trillion. To put this figure into perspective, a comparison with Bitcoin, gold, and the global crypto market cap helps illustrate just how unrealistic this milestone is.

Currently, Bitcoin, the world’s largest cryptocurrency by market cap, is worth around $1.66 trillion. For Shiba Inu to achieve a $1 price point, it would need to surpass almost 600 times the total market cap of BTC.

Gold, which is widely regarded as a reliable store of value and has a market cap of approximately $21.857 trillion, would still be significantly dwarfed by the required market cap for SHIB at $1. To put it simply, SHIB reaching this figure would need a valuation nearly 300 times greater than the entire global crypto market cap, which currently sits around $2.65 trillion.

As mentioned earlier, Shiba Inu’s massive supply also significantly contributes to why a $1 price is unrealistic. While cryptocurrencies like Bitcoin have a capped supply, SHIB’s is exponentially larger, created to appeal to its community.

The sheer number of tokens in circulation is part of what keeps SHIB’s current price so low at $0.000012. It also makes it virtually impossible to reach $1 unless drastic changes are made to supply or token burns skyrocket astronomically.

Community Members Weigh In On SHIB’s $1 Price Target

Following Jeremie’s declaration that Shiba Inu is unlikely ever to hit $1, many in the crypto community took to the comments section to agree with the analyst, further emphasizing just how unrealistic and ambitious this target is.

While many concluded that Shiba Inu cannot reach $1, others offered potential solutions they believe could one day turn this far-fetched goal into a reality.

One member noted that a reduction in Shiba Inu’s supply is necessary. Primarily, this would involve token burns, which permanently remove tokens from circulation. Since its inception, over 410.7 trillion SHIB tokens have been burnt. However, despite this progress, the circulating supply remains overwhelmingly large.