Shiba Inu’s recent moves have been quiet, but analysts are looking far ahead. At its current level of $0.00001357, SHIB would require a 7,369,096% increase to achieve a price of $1. Such a rally would bring its market cap to approximately $589 trillion. Its huge 589 trillion coins supply yields this calculation. As much as the aim is extreme, not all in the community hold the view that it is impossible even on a long-term basis.
Nearly a year ago, an exchange conducted a survey in which people were asked whether SHIB could reach $1 before Ethereum reaches $10,000 or Cardano reaches $5. The question was a matter of debate among holders. Some considered it to be unrealistic. Some stated that history has proved that there can be big rallies when hype takes over.