As investors await the next phase of the bull run, top entities have provided insights into when Shiba Inu might reach the audacious $1 price milestone.
Market commentators have overlooked Shiba Inu’s recent performance and have focused on its long-term potential. This trend has birthed some ambitious targets that require the asset to rally several thousand percent from the $0.000013 region, where it currently trades.
Required Growth for SHIB Surge to $1
While the community is still deliberating on whether SHIB could ever clinch the $0.01 target, some entities have teased that the token could aim for higher price milestones like $1. From the current price of $0.00001357, a massive surge of 7,369,096% is required to propel Shiba Inu to the $1 mark.
If this happens, Shiba Inu’s market cap would explode to roughly $589 trillion from the current valuation of $8 billion because SHIB’s circulating supply is 589T SHIB coins. Although achieving $1 would require massive growth, certain analysts have projected this ambitious target for SHIB.
$1 Predictions
Last year, major centralized exchange CoinW teased that SHIB could reach the $1 price target. The exchange issued the ambitious forecast in a poll, in which it asked its followers to vote on whether SHIB will attain $1 before Ethereum clinches $10,000 or Cardano soars to $5.
Shiba Inu’s marketing specialist, Lucie, also sparked discussions about SHIB’s potential surge to the $1 region. The team member shared ChatGPT’s insight, which emphasized that the $1 prediction is a challenge and not a joke.
ChatGPT suggested several factors that could propel SHIB to the $1 mark, including burning a significant portion of the supply, a strong bull run, and increased adoption of the token. Despite indicating that SHIB is more likely to achieve the $0.01 milestone, it still considers $1 an achievable target.
In our previous analysis, we estimated that the Shiba Inu community must burn 99.91% of the token’s supply (588.5 trillion SHIB) to make the $1 target feasible at a $500 billion valuation, rather than an unrealistic $589 trillion market cap.
Earlier this year, the Crypto Basic determined that at the current burning rate, it would take 3,141 years for Shiba Inu to burn 99.9987% of its supply, reducing it to 7.77 billion tokens, and potentially pushing the price to the $1 target without growing its market cap to $589 trillion.
Here’s When SHIB Can Clinch $1
Despite the growing confidence in the $1 prediction, many experts have refrained from specifying a timeline for when SHIB might achieve the milestone. As a result, we consulted chatbots like ChatGPT and Grok to project when the $0.01 SHIB forecast will materialize.
ChatGPT speculated that it could take SHIB centuries before it attains $1, given its current market trends, such as low burns and slow adoption. ChatGPT suggested that if 40 billion Shiba Inu tokens are burned monthly, then SHIB might clinch $1 by the year 5166, approximately 3,141 years from now.
However, it believes that Shiba Inu would reach $1 by 2030 if the community burns 10 trillion tokens monthly. Notably, with a monthly burn of 50 trillion, ChatGPT estimates that the $1 prediction will materialize over the next 11 months, specifically by July 2026.
On the contrary, xAI’s Grok speculated that the earliest feasible timeline for SHIB to reach the $1 target is by 2080-2100.
The projection hinges on several key factors, including slashing Shiba Inu’s supply by 99.9% to 589 billion tokens, SHIB securing a 10–20% share of a $100 trillion crypto market, and the token benefiting from favorable macroeconomic conditions.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.