Can Shiba Inu Ever Hit $1? The Analyst Who Called Bitcoin at $1 Weighs In

13h ago•

bullish:

bearish:

Crypto enthusiasts have long asked the question: Can Shiba Inu (SHIB) reach $1? This time, the answer comes from a voice with historical credibility—Davinci Jeremie, the analyst who famously urged investors to buy Bitcoin when it was just $1 back in 2011. His new take on SHIB offers both mathematical insight and a reality check.

Speaking to The Bit Journal, Jeremie explores what it would truly take for SHIB to hit that elusive $1 mark—and whether it’s more dream than destiny.

The $600 Trillion Reality Check: Why It’s Practically Impossible

Jeremie dives deep into the math: for Shiba Inu to reach $1 per token, its market capitalization would have to exceed $600 trillion. To put that in perspective, that number is several times larger than the total value of all financial assets on Earth.

“It would surpass the combined wealth of human history,” Jeremie states. That level of valuation isn’t just optimistic—it’s beyond the scope of global economics. As such, he urges investors to remain grounded in market realities rather than chasing pipe dreams.

However, that doesn’t mean SHIB is a worthless asset. On the contrary, it still has speculative upside, as long as expectations are tempered with logic.

Room to Grow? Yes—But With Clear Limits

While $1 is off the table, Jeremie sees realistic growth potential for Shiba Inu. “It doesn’t have to go parabolic to be profitable,” he notes, citing gradual price appreciation and growing ecosystem use cases.

He also warns against a common investor trap: assuming low-priced tokens automatically hold high upside. For coins with massive circulating supplies, like SHIB, scarcity-driven growth becomes more complex.

Burn Mechanism Gaining Momentum

A key factor that may support SHIB’s price in the long term is its burn strategy. Over the past 24 hours, more than 12 million SHIB tokens were permanently removed from circulation—a burn increase of 401%. In March alone, burn rates peaked at 60,000%.

These mechanisms aim to reduce token supply and apply deflationary pressure on price. However, Jeremie cautions that consistency and scale are crucial. Without sustained burns over time, their impact will be negligible.

Can Shiba Inu Ever Hit $1? The Analyst Who Called Bitcoin at $1 Weighs In = The Bit Journal

Tech Development Continues Behind the Scenes

Despite price volatility, the Shiba Inu development team is actively building. Developer Kaal Dhairya recently encouraged the community to stay focused and ignore market FUD (fear, uncertainty, doubt).

The team is working on advanced Layer-2 scaling solutions, rollups, and Fully Homomorphic Encryption (FHE)—a privacy-focused technology with promising applications. These efforts suggest SHIB is evolving beyond meme status, and into a project with tangible utility.

Final Thoughts: Hope with a Dose of Reality

Shiba Inu may never reach $1—and that’s okay. The Bit Journal recommends that investors look at practical growth, not unrealistic price targets. Burn mechanisms, technological innovations, and community engagement may support SHIB’s upward path, but with measured expectations.

As always, this article is for informational purposes only and does not constitute financial advice. Investors should do their own research and consult professionals before making investment decisions.

References & Sources

CoinMarketCap – Shiba Inu (SHIB) Overview
Provides current price data, historical charts, market cap, and supply metrics.
Shibburn – Shiba Inu Token Burn Tracker
Tracks SHIB burn activity including 24-hour burn rate changes and transaction logs.