A recent study conducted by a Bitcoin analyst has dampened hopes for the Shiba Inu price reaching the $1 milestone. The analyst categorically rejected this notion, asserting that it is highly improbable, if not entirely unattainable.
Reasons Shiba Inu Price Won’t Reach $1
Davinci Jeremie, a well-known Bitcoin analyst with more than 825,700 followers on X (formerly Twitter), has stated that Shiba Inu will never achieve $1. To comprehend the basis for such a bleak forecast, he references Shiba Inu’s market cap and supply dynamics.
Given Shiba Inu’s immense circulating supply, Jeremie contends that reaching a price of $1 would necessitate a market cap that is exceedingly beyond what the crypto market could support. As of April 2025, SHIB’s total circulating supply is approximately 589.5 trillion. However, this figure can fluctuate due to daily token burns.
For Shiba Inu to achieve a price of $1, Jeremie has noted that its market cap would need to skyrocket to an astounding $600 trillion. To understand the magnitude of this figure, comparisons with Bitcoin, gold, and the total crypto market cap can illustrate just how unattainable this target is.
At present, Bitcoin, recognized as the largest cryptocurrency by market cap, has a value of approximately $1.66 trillion. For Shiba Inu to reach a $1 price, it would need to exceed nearly 600 times the total market cap of Bitcoin.
Gold, often considered a reliable store of value with a market cap close to $21.857 trillion, would still be significantly overshadowed by the market cap required for SHIB to reach $1. In simple terms, Shiba Inu would require a valuation nearly 300 times greater than the entire global crypto market cap, which is currently around $2.65 trillion.
As previously mentioned, Shiba Inu’s enormous supply also plays a crucial role in making a $1 price point unrealistic. While cryptocurrencies like Bitcoin have a limited supply, SHIB’s supply is vastly higher, introduced to cater to its community.
The large number of tokens in circulation is partly what keeps SHIB’s current price quite low at $0.000012. It also renders it virtually impossible to reach $1 unless significant adjustments to supply or token burns occur.
Community Recognizes SHIB’s $1 Dream
In light of Jeremie’s assertion that Shiba Inu is unlikely to hit $1, many within the crypto community echoed his thoughts, highlighting just how unrealistic and ambitious this target is. While many concluded that Shiba Inu cannot attain $1, others proposed potential solutions that they believe could someday make this distant goal a reality.
One participant emphasized the necessity to decrease Shiba Inu’s supply. Primarily, this would entail token burns that permanently eliminate tokens from circulation. Since its launch, over 410.7 trillion SHIB tokens have been burned. However, despite this effort, the circulating supply still remains immensely large.
Featured image from Pixabay, chart from TradingView
Editorial Process for Bitcoinist focuses on delivering thoroughly researched, accurate, and unbiased content. We adhere to stringent sourcing standards, and each page undergoes meticulous review by our team of leading technology specialists and experienced editors. This procedure guarantees the integrity, relevance, and value of our content for our readers.
