Will Shiba Inu Price Ever Reach $1? Analyst Breaks Down the Mat

Finance

Will Shiba Inu Price Ever Reach $1？ Analyst Breaks Down the Mat

Shiba Inu (SHIB) price continues to stir excitement across the meme coin space, driven by community belief.

While retail investors rally around the dream of SHIB reaching $0.01 or even $1, experts like Davinci Jeremie are stepping in to ground expectations with financial realism.

At the same time, SHIB‘s ecosystem growth and recent burn surge add layers of complexity to the asset’s long-term prospects.

$1 SHIB Requires $600 Trillion Market Cap

Davinci Jeremie, known for recommending Bitcoin at $1 back in 2011, recently tackled the SHIB-to-$1 debate.

In a video posted on X platform, Jeremie broke down the numbers, showing that if Shiba Inu were to hit $1, its market capitalization would need to exceed $600 trillion.

He compared this hypothetical figure to the combined value of all global financial assets, explaining that such a valuation is financially impossible.

Jeremie did not entirely dismiss SHIB price future, suggesting that while $1 is unrealistic, the token could still perform well.

This realistic outlook tempers the hopes of many retail holders who envision SHIB achieving extreme price levels similar to Bitcoins trajectory.

SHIB Burn Rate Surges by Over 400%

While the $1 dream may be mathematically out of reach, the SHIB community continues to support deflationary mechanisms.

According to Shibburn data, over 12.2 million SHIB tokens were burned in the last 24 hours. This means that the burn rate has increased by 401.25%.

The burning also leads to a reduction in total circulating supply, thus it can help increase the price if the demand will remain constant or increase.

However, the tokens burnt recently are significantly small compared to the current supply in the market.

This small burn is symbolic of the constant effort that the SHIB community has embarked upon in efforts to decrease supply.

Recent trends also depict the continued participation in burn campaigns especially during periods of low market activity thereby exerting a little pressure on the inflation rate of the token.

Developers Focus on Ecosystem Growth

In addition to the volatility crypto tokens, SHIBs developers are now focusing on specific enhancements.

Developer Kaal Dhairya recently took to X platform to discourage FUD and encourage the community to focus on building.

Dhairyas statement emphasized that scammers are exploiting market dips, but true developers should channel their energy into ecosystem innovation.

He noted that this is the chance to build in the next phase: Rollups, FHE, and beyond.

Layer-2 rollups can optimize the resources of transactions while Fully Homomorphic Encryption (FHE) can enhance privacy measures even further.

These changes suggest that, in the future, Shiba Inu token aims at transitioning from being a meme token to a much more important entity in Web3.

Despite the math and market limits, the SHIB community continues to envision a future where SHIB price hits at least $0.01.

However, community optimism does not help to change the market fundamentals, but it is important to ensure maximum participation in the project and constant discussion about the token.

Although SHIB may not reach extreme price targets, its narrative remains tied to both technological evolution and a community that refuses to fade.

Shiba Inu (SHIB) price has rallied over 1.27% in the past 24 hours, trading at $0.00001227 at the time of writing.

The top meme coins market cap has risen to $7.32 billion, reflecting growing investor interest amidst the altcoin recovery.

Despite a drop in 24-hour trading volume by 25%, SHIB price signals renewed bullish sentiment in the market.