Shiba Inu Team Revives Debate Over Whether SHIB Can Reach $1

Shiba Inu’s official X account praised a fan comparison calling a $1 SHIB “mathematically improbable but NOT IMPOSSIBLE,” reviving the debate. According to BeInCrypto, the graphic listed SHIB at $0.000012, although it has not traded at that price in the past year and is about 95% below its October 2021 peak. A $1 token would require roughly a 200,000-fold rally and imply a roughly $589 trillion market cap based on 589 trillion circulating tokens—hundreds of times Bitcoin’s current market value. The team urged caution after a $20 million liquidation wave in late October and brought SHIB to Solana in October.