It is impossible for a Shiba Inu coin to reach $1 with its current circulation. Given that there are 589 trillion SHIBs in circulation, Shiba Inu’s market capitalization at $1 per coin would amount to $589 trillion. This is more than the value of all stocks, fiat currencies, and other assets in the world combined many times over.
But that doesn’t mean your Shiba Inu can’t or will never reach $1. In fact, recent developments in the Shiba Inu ecosystem, namely Sybarium A layer 2 solution involves burning SHIB tokens and reducing their supply, which could make each token significantly more valuable.
In this article, we will look at the factors that could affect the price of SHIB and discuss its chances of reaching $1.
Will Shiba Inu Coins Reach $1?
At current token supply levels, it seems impossible for Shiba Inu to reach $1. However, this does not mean that SHIB may not reach $1 in the future. This is especially true if recent blockchain changes become more widespread.
In the next section, I will present arguments for and against SHIB reaching $1.
What Can Help Your Shiba Inu Reach $1?
The main reason why many SHIB investors and a significant number of analysts believe that Shiba Inu could reach $1 in the future is Shibarium, a layer 2 solution that makes transactions faster and cheaper in the Shiba Inu ecosystem. As well as, Each Shibarium transaction burns a SHIB token, effectively reducing the token supply..
According to Shibarium documentation, each transaction on the layer 2 platform incurs a base fee, of which 30% is used for network maintenance and 70% is used to burn tokens. Initially, transaction fees are paid in Bone ShibaSwap (BONE), which are accumulated in a smart contract designated for token burning. BONE is then transferred to Ethereum (SHIB’s native blockchain) where it is exchanged for SHIB and burned via relevant smart contract operations. The swap between BONE and SHIB is built directly into the recording mechanism and requires no manual interaction from the user.
User Interface Preview #ceiling #burn mechanism #cybarium#Cryptocurrency pic.twitter.com/2ICTB5STHX
— SHIB INFORMER (@ShibInformer) May 21, 2023
In May 2023, a prominent Shiba Inu community member who goes by the name ‘ShibInformer’ on Twitter posted ‘Shibarium’s SBHI Burn Mechanism User Interface Preview’. The amount of BONE ready for combustion and “start burn.”
Obstacles preventing a Shiba Inu from reaching $1
While it is impossible to predict the future price of a cryptocurrency with certainty, reaching $1 represents an impossible milestone for SHIB. It is important to consider the circulating supply of SHIB tokens, which amounts to trillions of dollars. The table below shows the implied market capitalization of Shiba Inu at various hypothetical price levels.
| SHIB price | Shiba Inu Market Capitalization |
| 0.0000312 (current price) | $18.85 billion |
| $0.0001 | $58.9 billion |
| $0.001 | $589 billion |
| $0.01 | $5.89 trillion |
| $0.10 | $58.9 trillion |
| $0.50 | 294.5 trillion dollars |
| $1 | 589 trillion dollars |
Meanwhile, the market capitalization of major assets and companies are as follows.
| market capitalization | |
| Microsoft (World’s Most Valuable Company) | $3.13 trillion |
| gold | $12.28 trillion |
| US Dollar (M2 Money Supply) | $23.37 trillion |
| us stocks | $40.51 trillion |
As you can see from the table above, it is completely impossible for Shiba Inu to reach $1 in current circulating supply.
Moreover, SHIB’s price will have to overcome numerous resistance levels as it heads toward $1, facing potential selling pressure and profit-taking. These milestones are influenced by a variety of factors, including those previously mentioned, and sentiment can change rapidly within cryptocurrency markets.
Shiba Inu Price Forecast 2024-2025: Like 1 cent, 1 dollar is not a consideration.
According to our Shiba Inu price prediction algorithm, the price of SHIB is expected to increase by double digits by May, hitting a multi-year high of $0.0002. SHIB could then move back towards the end of the year and reach $0.00005863.
In the first half of 2025, our algorithm predicts a slight increase in the value of Shiba Inu, with the price of SHIB rising to $0.00008552, a +166% increase over the current market price. Predicting the future price trajectory of cryptocurrencies is particularly difficult due to their inherent price volatility.
After all, a Shiba Inu is not expected to reach a dollar, or even “only” a penny. In fact, the Shiba Inu would need to increase by a whopping +23,693% from its estimated March 2024 price of $0.00008552 to reach the milestone of 1 cent.
So can a Shiba Inu reach $1?
Absent a dramatic change in Shiba Inu token economics, it is unlikely that SHIB will reach lower prices, such as $1 or 1 cent. However, if the proposed Sybarium changes go into effect soon and a significant amount of SHIB is burned, we could see the value of Shiba Inu coins rise significantly. This potential for price appreciation is one of the reasons why Shiba Inu is included in our list of the best cryptocurrencies to buy right now.
With an impressive bull run in 2021, Shiba Inu has proven that there is a significant market for meme coins, spurring other cryptocurrency projects to follow in his footsteps and leaving many investors wondering which meme coin could be the next Shiba Inu .
If you want to do your own research and see which cryptocurrency projects have a lot of potential before being picked up by the wider cryptocurrency community, check out the video below. This video explains techniques to use to find potentially profitable meme coin investment opportunities.