2 weeks Ago
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. Davinci Jeremie is one of the first proponents of Bitcoin to advise investors on this type of investment years ago. A few years ago, a video of him asking people to buy Bitcoin went viral as part of his appeal to the public.
He asked traders to consider BTC back in 2013 when its price was just about $130. Now, 12 years later, BTC met the $100,000 milestone in January 2025. The Bitcoin proponent Jérémie recently spoke about Shiba Inu's prospects and explained that it can never hit $1.
Bitcoin analyst Jeremie explained in the latest podcast that Shiba Inu ever reaching $1 has only a chance of about 0.0000001. He emphasized that "SHIB has a market cap that now needs to be more than 600 trillion market cap to consider," even to think about reaching that $1 mark.
Thus, Shiba Inu would have to grow up bigger than the global economy to create that $1 myth. The money simply does not exist, and the $1 target is merely an illusion. "Would Shiba ever reach $1?" That's how the podcast began after he first laughed it off.
If Shiba Inu were to reach $1, that would mean the SHIB's market cap would be approximately $600 trillion. And I don't know about you, but that would be greater than anything in the history of mankind that ever existed on the planet. So since that's not going to happen, Shiba Inu would still do well, but not crazy well," he said.
The experts argue that Dogecoin's popularity is also dependent on Musk's support, mostly voiced through Twitter. In contrast, the Shiba Inu coin had no such spokesperson, and with its billing as a 'Dogecoin killer,' it is unlikely that this multi-billionaire will support it in the near future. Shiba Inu coin, nevertheless, has a finite supply of one quadrillion tokens.
Though huge enough to accommodate an army of investors, it is still finite, which may trigger some speculation down the road. Mathematically, it is improbable that SHIB will ever see a price of $1. Yet this has not stopped the SHIB community from supporting many deflationary mechanisms.
According to Shibburn, 12.2 million SHIB tokens were burned in the last 24 hours, representing a 401.25% increase in burn rate.
Burning reduces the total circulating supply and, hence, can help increase the price if demand is maintained or grows. However, the recently burned SHIB tokens are revealed to be very small compared to the current market supply. This significantly diminished folio burn represents a small but significant grain of sand in the vast efforts the SHIB community has ardently undertaken to reduce supply.
Trending patterns indicate ongoing participation in burn campaigns, most often observed during the lower market activity cycle, which places mild pressure on the token's inflation rate. There are many mathematical and market obstacles; however, the SHIB community continues to imagine a price of at least $0.01 in the future.
This does not change market fundamentals, but it maximizes community engagement in the project and keeps the discussion about the token alive. Although extreme price target scenarios for SHIB would be unrealistic, it is for this narrative that the technology and refusal-from-fading community remains. The Shiba Inu (SHIB) price gained over 1.
27% in the last 24 hours and was trading at $0.00001227 at the time of writing. The market cap of the top meme coin has risen to $7.
32 billion, which underlines rising interest from investors against a backdrop of the altcoin recovery. Despite a 25% reduction in 24-hour trading volume, the SHIB price is collectively forming a renewed bullish sentiment in the market..
