The idea of Shiba Inu (SHIB) reaching a value of $1 continues to circulate within the crypto community, but closer examination of the numbers reveals that the target is largely unrealistic under current conditions. While some community leaders and market commentators maintain optimism, the scale of SHIB’s supply and current burn rates present significant obstacles. Community Sentiment and Predictions Price projections for SHIB vary widely, ranging from modest targets of $0.0001 to more ambitious levels such as $0.001 . The most extreme prediction, $1 per token, remains the most controversial. Supporters argue that strong utility growth combined with aggressive token reduction strategies could make the goal achievable. Lucie, Shiba Inu’s marketing lead, previously referenced external analysis suggesting that expanded adoption and accelerated burns could, in theory, support such a valuation. Why the $1 Target Is Unlikely The primary challenge is SHIB’s vast supply. Current data places the circulating supply at approximately 589.24 trillion tokens. With SHIB trading at $0.00001227, the token’s market capitalization sits around $7.14 billion. To reach $1, the price would need to climb more than 8 million percent, creating a market capitalization of roughly $589 trillion. For perspective, that figure is several times larger than the global economy and far beyond the entire cryptocurrency sector’s combined valuation, which is estimated at about $4 trillion. This mathematical reality underscores why analysts remain skeptical that SHIB can achieve a $1 price point without extreme changes in supply dynamics. Token Burn Efforts Shiba Inu has attempted to address the supply issue through token burns. Soon after its launch, Ethereum co-founder Vitalik Buterin removed approximately 410 trillion SHIB from circulation, reducing the total supply from one quadrillion to roughly 590 trillion. Since then, the community has continued to push for ongoing burns as a price support mechanism. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 In practice, however, the burn rate has slowed. Monthly reductions have ranged between 13 million and 2.31 billion tokens, with daily activity often registering in the hundreds of thousands. At the current pace, it would take decades to bring the supply down to the estimated 7 billion tokens needed to support a $1 price with today’s market capitalization. Additional supply control efforts have come through Shibarium, Shiba Inu’s layer-2 blockchain. The network converts part of its gas fees into SHIB and directs them to a burn wallet. Since its introduction in August 2023 , Shibarium has removed billions of tokens from circulation. However, Shibarium’s impact depends on the level of activity on the network. Transaction volumes have recently fallen to around 20,460 per day, a sharp drop compared to peaks of over 4 million daily transactions earlier in the year. This decline limits the scale of SHIB reductions that can be achieved through the mechanism. The $1 dream remains a central talking point for many SHIB enthusiasts, but the mathematics demonstrate that such a price level is not feasible without extraordinary supply cuts and broader adoption of Shibarium or other burn mechanisms. While community-driven burns and utility expansion efforts provide long-term potential, the gap between current realities and the $1 target is significant. Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Shiba Inu (SHIB) to $1? The Numbers Behind the Price Target appeared first on Times Tabloid .
