Shiba Inu (SHIB) Price Prediction: Will SHIB Ever Hit the $1 Price Target?

Cryptocurrency analyst Davinci Jeremie, who became popular following his 2011 advice to purchase Bitcoin when it was only priced at $1, has shared his take on whether Shiba Inu (SHIB) is ever going to hit the $1 price target.

Cryptocurrency analyst Davinci Jeremie, known for his 2011 advice to buy Bitcoin at $1, recently shared his perspective on whether Shiba Inu (SHIB) is likely to reach the $1 price target.

In a recent video, Jeremie broke down the mathematical reality behind such a price prediction and what it would mean for SHIB’s market capitalization.

Shiba Inu: A $1 Price Target Is Impossible, Explains Analyst

Crypto analyst Davinci Jeremie, recognized for suggesting Bitcoin at $1 back in 2011, has simply assessed Shiba Inu’s ability to hit $1.

In his video, Jeremie highlighted the market capitalization implications of such a price level.

SHIBA INU IS GOING TO 1$ USD!?🤯

🤑 $1 per Shiba Inu? Sure… if the market cap hits $600 trillion. Spoiler: It won’t. 🚀 pic.twitter.com/z1nF4ymZao

— Davinci Jeremie (@Davincij15) April 10, 2025

“If Shiba Inu were to go to $1, that would mean that the Shiba Inu market cap would be at, well, $600 trillion,” stated Jeremie.

Further putting this into perspective, he added, “And I don’t know about you, but that would be greater than anything in the history of mankind that ever existed on the planet.”

That $600 trillion market cap would far exceed the total value of all global financial assets combined, making it mathematically impossible, according to Jeremie.

However, despite this sobering assessment, Jeremie isn’t completely ruling out Shiba Inu’s price potential. Wrapping up his analysis, he stated, “So since that’s not going to happen, Shiba Inu will still do well, but not crazy well.”

Jeremie believes some upside potential remains possible, even if the $1 target is unrealistic.

Shib Burning Activity Shows 401% Rise

Shiba Inu’s token burning process has seen a significant increase.

According to Shibburn, the rate of burning rose 401.25% in the last 24 hours. In this time frame, 12,237,063 SHIB tokens were permanently taken out of circulation.

However, this is a minimal surge compared to the 60,000% surge in SHIB burn rate in late March. Token burning is a deflationary process used by various cryptocurrencies to reduce their total supply of tokens over time. The supply is reduced by burning/circulating the tokens, which can create scarcity and potentially cause the token price to increase with stable or increasing demand.

According to the burn rate graph, the amount of burning activity is a consistent upward trend, with over 12 million total tokens burned from about 2.5 million during the reporting time frame.

Shiba Inu Developers Remain Focused On Technical Advancements

Despite market fluctuations and skepticism about extreme price targets, Shiba Inu’s development team continues to work on expanding and improving the ecosystem’s technical capabilities. SHIB developer Kaal Dhairya addressed the community in a recent tweet. He encouraged focusing on building rather than market sentiment.

When markets dip, the FUD rises — especially from scammers who made millions off the SHIB ecosystem. Ignore the noise. This is your chance to build in the next phase: Rollups, FHE, and beyond. Remember: like @woofswap builders build. No complaints. Just work. https://t.

"When markets dip, the FUD rises — especially from scammers who made millions off the SHIB ecosystem. Ignore the noise," Dhairya stated. He pointed to ongoing development work as the proper focus: "This is your chance to build in the next phase: Rollups, FHE, and beyond."

The statement about rollups indicates that layer-2 scaling solutions may increase transaction throughput while lowering network fees. FHE (Fully Homomorphic Encryption) suggests the team is considering advanced privacy capabilities that allow operations on encrypted data without revealing that information.