Can Shiba Inu Reach $1? A Comprehensive Analysis

Shiba Inu (SHIB), a cryptocurrency popularly known as a "meme coin," has drawn attention from investors hoping for it to reach $1 per coin. As of March 3, 2025, this aspiration remains a hot topic within the crypto community. 

However, a deep analysis of SHIB's tokenomics, market conditions, and current trends indicates that this target is very difficult to achieve under the present circumstances. So, how long would it take? Let's explore the data and possibilities.

Shiba Inu: Supply and Market Capitalization

Currently, Shiba Inu has approximately 589 trillion tokens in circulation. With a price around $0.000013 at the start of 2025, its market capitalization is around $7.7 billion.
To reach a price of $1 per token, SHIB's market capitalization would need to increase drastically to $589 trillion. For comparison, the global Gross Domestic Product (GDP) is estimated at $100 trillion, while the total value of the entire cryptocurrency market is about $3.9 trillion at the end of 2024.
A valuation of $589 trillion would far exceed the total wealth of the world, making it economically impossible without a highly radical shift in global financial structures.

Read More: How to Buy SHIBA INU (SHIB)

Understanding the Impact of SHIB Token Burns on Its Crypto Value

One of the strategies frequently discussed, particularly among fans of tokens like SHIB (Shiba Inu), is token burning. Simply put, token burning is the process of permanently removing tokens from circulation with the hope of reducing supply and increasing the value of the remaining tokens. But is token burning truly an effective path? Let's dive deeper.

Case Study: SHIB’s Ambition to Reach $1

A commonly discussed example is SHIB’s ambition to reach a value of $1. SHIB enthusiasts often rely on the mechanism of token burning to achieve this goal. However, calculations reveal a huge challenge.
Based on current data, if SHIB market capitalization stays around $10 billion (the current level), it would require the burning of approximately 588.99 trillion tokens—or 99.998% of the total supply. This would leave only 10 billion tokens in circulation. Only then could the $1 price become mathematically possible without an unrealistic market capitalization.

Challenges and Realities of Token Burning

Although the concept is appealing, the implementation of token burning faces significant challenges:

The Scale of Burning Required

Current burning efforts are far from enough. For example, in January 2025, about 1.2 billion tokens were burned, with an annual burn rate of around 14.4 billion tokens.
At this rate, it would take approximately 40,833 years to burn 588 trillion tokens.
Even if the burn rate were drastically increased to 3 trillion tokens per year (a 200-fold increase), it would still take about 196 years to significantly reduce the supply, assuming demand remains strong enough to sustain a $10 billion valuation.

Limited Impact on Total Value

Token burning does not automatically increase the total value of the ecosystem. It merely redistributes value among fewer tokens.
Without a massive-scale burn, SHIB would need organic growth to reach a $589 trillion market capitalization. Experts consider this "pure fantasy" given its limited utility compared to major cryptocurrencies like Bitcoin or Ethereum.

Historical Growth and Future Projections: Can SHIB Reach $1?

SHIB’s Historical Growth: A Spectacular Rollercoaster

2021 Surge
SHIB experienced an extraordinary surge of 43,800,000% in 2021, reaching a peak of $0.00008845.
This growth was driven by community sentiment, celebrity endorsements, and the meme coin trend.

Market Correction

According to price data from CoinMarketCap, CoinGecko, and crypto market analysis reports, after reaching its peak, SHIB’s price underwent a significant correction. Crypto market volatility and shifts in investor sentiment contributed to this decline.

SHIB Future Projections: Between Hope and Reality

Binance Prediction
According to Binance, some analysts predict SHIB could reach $0.00032 by 2030. This projection is still far from the $1 target but suggests growth potential.

Community Speculation
Speculation on social media and online forums suggests SHIB could reach $1 in 5 to 44 years.
These predictions are often based on unrealistic growth assumptions or extreme token burn schedules.

Conclusion

Shiba Inu (SHIB) has captivated the crypto community with its exponential growth in 2021. However, the dream of reaching $1 remains a hot topic full of speculation.
A deep analysis of SHIB’s tokenomics, market conditions, and current trends shows that this target is highly difficult to achieve under current circumstances.

FAQ

Shiba Inu Supply and Market Capitalization
Currently, Shiba Inu has about 589 trillion tokens in circulation. With a price around $0.000013 at the start of 2025, its market capitalization stands at about $7.7 billion.

SHIB’s Ambition to Reach $1
A commonly discussed example is SHIB’s ambition to reach $1. SHIB fans often rely on token burning mechanisms to make this happen.

Understanding the Impact of SHIB Token Burns on Its Crypto Value
One strategy often discussed, especially among SHIB enthusiasts, is token burning.