Shiba Inu's $1 Price Target Deemed Unrealistic by Analyst

A prominent Bitcoin analyst has recently cast doubt on the possibility of the Shiba Inu (SHIB) price reaching $1. Davinci Jeremie, known for his extensive following on X (formerly Twitter), has asserted that achieving this price point is highly improbable, if not impossible. His analysis focuses on the cryptocurrency's market capitalization and supply dynamics.

Jeremie points out that Shiba Inu's vast circulating supply makes it nearly impossible for the price to reach $1. As of April 2025, the total circulating supply of SHIB is approximately 589.5 trillion, a number that fluctuates daily due to token burns. For SHIB to hit $1, its market capitalization would need to surge to an astronomical $600 trillion. This figure is far beyond what the current crypto market could sustain.

To put this into perspective, Bitcoin, the world's largest cryptocurrency by market cap, is valued at around $1.66 trillion. For Shiba Inu to reach a $1 price point, it would need to surpass almost 600 times the total market cap of Bitcoin. Gold, another reliable store of value with a market cap of approximately $21.857 trillion, would still be significantly dwarfed by the required market cap for SHIB at $1. The entire global crypto market cap, currently around $2.65 trillion, would need to be nearly 300 times greater for SHIB to reach this figure.

Jeremie's analysis highlights that Shiba Inu's massive supply significantly contributes to the unrealistic nature of a $1 price. Unlike Bitcoin, which has a capped supply, SHIB's supply is exponentially larger, created to appeal to its community. The sheer number of tokens in circulation keeps SHIB’s current price low at $0.000012, making it virtually impossible to reach $1 without drastic changes to the supply or a significant increase in token burns.

Following Jeremie's declaration, many in the crypto community echoed his sentiment, emphasizing the unrealistic nature of the $1 target. While some concluded that Shiba Inu cannot reach $1, others suggested potential solutions. One member highlighted the need to reduce Shiba Inu’s supply through token burns, which permanently remove tokens from circulation. Since its inception, over 410.7 trillion SHIB tokens have been burnt, but the circulating supply remains overwhelmingly large.