Why Shiba Inu (SHIB) Price Reaching $1 Is Highly Unlikely

Shiba Inu has seen countless price predictions from different analysts over the years. Its massive community, playful branding, and early success have all kept speculation alive about where SHIB could go next. Among all these targets, the boldest by far is the dream of Shiba Inu price one day reaching $1.

TheCryptoBasic on X  revisited this dream, laying out what it would actually take for the SHIB token to get there. The findings are eye-opening and show why the math matters more than the hype.

What a $1 SHIB Price Would Mean in Numbers

At today’s SHIB price of about $0.00001211, Shiba Inu trades with a market cap near $7.14 billion. For the Shiba Inu token to reach $1, it would need to climb by 8,267,538%. That single leap would push the SHIB token’s total value to around $589 trillion.

TheCryptoBasic points out that this figure is nearly 5 times the entire global GDP of $114 trillion. It also towers over the estimated $4 trillion value of the whole crypto market. This simple comparison shows why many analysts doubt the $1 target.

How Supply Makes $1 Almost Impossible

TheCryptoBasic says the core challenge is supply. Shiba Inu currently has about 589.24 trillion tokens in circulation. Unless this supply is drastically reduced, SHIB price growth faces a huge ceiling.

Ethereum co-founder Vitalik Buterin burned 410 trillion SHIB in 2021. That reduced the supply from 1 quadrillion to about 590 trillion. Since then, the community has kept burning tokens, but much more slowly.

Recent burn activity shows the gap. Monthly burns range from 13 million to 2.31 billion SHIB, while in one 24-hour period only 232,829 tokens were removed. At this rate, supply would take decades to shrink enough to support a realistic $1 SHIB price.

Shibarium’s Role in SHIB Token Burns

Shibarium, the Shiba Inu ecosystem’s L2 blockchain, introduced a system to burn SHIB using gas fees. While fees are paid in BONE, the mechanism converts part of those fees into SHIB and sends them to the burn wallet. This has already destroyed billions of tokens since August 2024.

TheCryptoBasic notes that Shibarium’s success is crucial. Without significant activity on the network, burns remain limited. 

Daily transactions have fallen from over 4 million to around 20,460, a sharp drop that shows adoption challenges.

What It Would Take for Shiba Inu to Get Closer

For SHIB to realistically approach higher price levels, two things must happen: massive adoption of Shibarium and an exponential rise in burn rates. 

Some estimates suggest a supply cut of 99% or more would be required before SHIB could even think about $1 while keeping its market cap within reason. Until that kind of progress happens, the math suggests the dream remains out of reach, no matter how passionate the community stays.

TheCryptoBasic’s breakdown shows that the Shiba Inu price hitting $1 is not simply a matter of community hope or positive sentiment. The SHIB token’s massive supply creates a mathematical roadblock that can’t be ignored.

Read Also: SUI Outpaces Solana, BNB, and Avalanche in Stablecoin Flow: Here’s Why It Matters

Shiba Inu is still a fascinating project with creative tools like Shibarium and an engaged community pushing for burns. However, the SHIB price path depends on real changes in adoption and supply, not just big dreams.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.

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