**Disclaimer**: The information presented in this article is for general knowledge and discussion purposes only. The cryptocurrency market is highly volatile and unpredictable. Any investment decisions should be made after thorough research and consultation with a qualified financial advisor. Investing in cryptocurrencies involves significant risks, including the potential loss of your entire investment. 📝

In the vast and vibrant crypto community, many have come to terms with Jeremie's perspective. It's widely acknowledged that Shiba Inu ($SHIB$) has an extremely slim chance of ever reaching the $1 mark. 🐕💎 This goal is seen as a far - fetched fantasy, with the crypto world stressing just how unrealistic and overly ambitious it is. Some have firmly concluded that Shiba Inu simply cannot reach $1$, while others are still holding out hope and presenting potential solutions that they dream might one day turn this long - shot into a reality. 🌟

**The Role of Token Burns in Reducing Supply** 🔥💹
One key aspect that participants in the discussion have pointed out is the significance of reducing the Shiba Inu token supply. The primary method for this is token burning, which involves permanently removing tokens from circulation. Since its launch, an impressive 410.7 trillion SHIB tokens have been burned. 🔥🎉 However, despite this substantial effort, the circulating supply of Shiba Inu remains staggeringly large. 🤯 This large supply continues to be a major roadblock on the journey to the $1 price target.

**The Enormous Circulating Supply and Market Valuation Hurdle** 🌐💲
Jeremie makes a compelling argument that given Shiba Inu's colossal circulating supply, reaching $1 would demand an astronomical market valuation that far exceeds what the current crypto market can realistically support. As of April 2025, the estimated total SHIB circulation stands at 589.5 trillion. 📊💸 It's important to note that this number is in a constant state of flux due to daily token burns. But even with these burns, the supply is still overwhelming.

**The Mind - Boggling Market Value Requirement** 🤯💲
To put things into perspective, Jeremie has calculated that for Shiba Inu to hit the $1 price point, its market value would need to skyrocket to an astonishing $600 trillion. 😱 A quick comparison with other major assets like Bitcoin and the overall global crypto market valuation really drives home just how unattainable this target is. Bitcoin, the kingpin of cryptocurrencies in terms of market capitalization, is currently valued at around $1.66 trillion. 🚀💎 If Shiba Inu were to reach $1, it would have to surpass the entire market capitalization of Bitcoin by approximately 600 times. This stark contrast shows the monumental task that would be required for Shiba Inu to achieve this lofty goal.

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