Here’s the current price of SHIBA (SHIB):

Why SHIBA (SHIB) Isn’t Close to $1

1. Enormous Token Supply

SHIBA started with a staggering supply of 1 quadrillion tokens and still has about 589 trillion in circulation . At its current price, that gives SHIB a market cap of billions—but reaching $1 per token would imply a market cap of around $589 trillion, which is bigger than the total global wealth or the value of gold combined . Analysts agree that's effectively impossible .

2. Token Burn Efforts Are Simply Not Enough

The community does burn SHIB to reduce supply, sending tokens to dead addresses. For example, around 3.7 billion SHIB were burned in a recent month . However, to hit $1, SHIB would need to burn more than 99.99998% of its tokens—which would take millennia at current burn rates .

3. Limited Real-World Use Cases

SHIB is still largely a meme coin. While efforts like the Shibarium Layer-2 network and the Shiba Metaverse introduce more utility, they haven’t yet substantially boosted demand or adoption to drive significant price increases .

4. Meme Trends Don’t Guarantee Sustained Value

SHIB's price largely hinges on social media buzz and meme-driven hype. These factors tend to be short-lived—and the meme coin market is now highly saturated, meaning SHIB faces stiff competition .

5. Broader Crypto Market Dependencies

Meme coins like SHIB benefit from bullish overall market conditions—but they’re also among the first to fall during downturns. Without a broader crypto market rally, even SHIB’s modest growth targets are hard to sustain .

Bottom Line

Given SHIB’s massive supply, the near-impossibility of reducing that supply enough, limited utility so far, and reliance on volatile hype cycles, it's extremely unlikely SHIBA will reach $1—not now, and not anytime soon.

Even hitting $0.01 is a stretch under current conditions . Realistic growth scenarios point towards modest gains—far from the $1