Community Recognizes $1 Pipe Dream of SHIB

Many in the crypto world agreed with Jeremie's assessment that Shiba Inu is improbable ever to approach $1, stressing just how unrealistic and ambitious this goal is. Many came to the conclusion that Shiba Inu cannot reach $1, while others presented possible remedies they hope one day will make this improbable dream a reality.

One participant underlined the importance of lowering Shiba Inu supplies. Mostly, this would require token burns—that is, irreversible removal from circulation of tokens. Over 410.7 trillion SHIB tokens have been burned since launch. Still, the circulating supply is shockingly huge even with this development.

With Shiba Inu's enormous circulating supply, Jeremie contends that hitting $1 would call for an exorbitant market valuation well above what the crypto market could support. The estimated total SHIB circulation as of April 2025 is 589.5 trillion. Daily token burning, nevertheless, cause this amount to vary.

For Shiba Inu to reach $1, Jeremie has said that its market value would have to leap to an amazing $600 trillion. A comparison between Bitcoin, gold, and the worldwide crypto market valuation helps highlight just how unachievable this target is in terms of size.

At now, Bitcoin—the biggest cryptocurrency by market capitalization worldwide—is valued at around $1.66 trillion. Shiba Inu would have to exceed roughly 600 times the entire market capitalization of Bitcoin if it were to reach a $1 pricing threshold.

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