Analyst Says Shiba Inu Could Shock the Market and Reach $1 — But Supply Remains a Major Hurdle

Source: CryptoNewsNet Original Title: Top Specialist Says Shiba Inu Will Shock Everyone and Reach $1 — But What About This Hurdle? Original Link: Despite the excessive supply of Shiba Inu, a widely followed analyst argues the token could still shock the market and climb to $1.

In a recent commentary, a crypto specialist with nearly 100,000 followers revived the discussion around SHIB potentially reaching the $1 mark. He acknowledged that such a projection—especially by 2026—appears unrealistic at first glance.

SHIB Will Shock The Market

From a purely mathematical standpoint, a move to $1 would require an enormous market capitalization, largely due to Shiba Inu’s massive circulating supply.

Nonetheless, the analyst set aside the supply argument and instead focused on what has historically driven SHIB’s price movements. Drawing on past market cycles, he argued that Shiba Inu does not trade solely on logic. Instead, he claimed the token thrives on belief, timing, and attention—forces that have consistently propelled meme coins during previous bull markets.

Additionally, he pointed out that critics have declared Shiba Inu “dead” in nearly every cycle, only for the token to rebound each time. According to him, SHIB’s chart continues to rebuild over the long term, forming higher levels while investor interest never entirely fades.

Based on this outlook, the analyst suggested that although a $1 price target appears impossible on paper, it cannot be entirely ruled out within the context of meme-coin dynamics. He argued that when attention returns to Shiba Inu, its price could once again surprise the market, potentially pushing toward the $1 level.

Shiba Inu Massive Supply Poses a Major Challenge

Despite the emphasis on hype-driven momentum, many users pushed back against the projection, citing SHIB’s massive supply as a fundamental barrier to a $1 valuation. One user boldly asserted that Shiba Inu can never reach $1 because of its overwhelming token supply.

Not possible, look at the total supply of shib.

Although Shiba Inu has burned roughly 41% of its total supply since inception, the project still has an enormous 589.24 trillion tokens in circulation. As a result, a $1 SHIB price would imply a market cap of approximately $589.24 trillion.

This figure far exceeds the world’s estimated GDP of about $120 trillion and even surpasses the global money supply, which stood at about $142 trillion as of September.

Meanwhile, some supporters argue that aggressive token burns could eventually pave the way for a $1 price target. However, critics counter that such large-scale burns are unrealistic and unlikely to reduce supply enough to justify that valuation. The vast majority of SHIB tokens remain in the hands of investors, many of whom are unwilling to destroy their holdings.

Beyond supply concerns, skeptics have also highlighted broader issues within the ecosystem. These include the team’s continued anonymous leadership, allegations that some members promote non-ecosystem tokens, and a history of unfulfilled promises.

Together, these factors have fueled doubts that SHIB can sustain a meaningful long-term rally, let alone reach $1.