• Shiba Inu needs an 8,233% rally to reach $0.001
  • The token’s circulating supply of 589 trillion coins would create market caps of $589 billion
  • SHIB hasn’t achieved even a 1,000% gain since 2021

Shiba Inu supporters continue pushing ambitious price targets despite the meme coin’s struggle to break free from bearish pressure. SHIB remains trapped 85% below its October 2021 peak of $0.00008845, raising questions about whether the coveted one-cent milestone can ever materialize under current market dynamics.

The disconnect between community expectations and market performance has become increasingly apparent as various analysts and influencers maintain bullish forecasts.

Last September, market analyst Krao projected SHIB could reach $0.001 within months, while LuckSide pointed to whale activity and on-chain metrics as catalysts for similar price action.

These predictions gained additional support when Shiba Inu marketing lead Lucie declared in March that the token would eventually hit $0.01, though she acknowledged the timeline could extend considerably.

Mathematical Hurdles Paint Sobering Picture For SHIB

The numerical requirements for reaching these price targets reveal the scale of the challenge ahead. From its current valuation, SHIB would need to rally 8,233% to touch $0.001, while the dream of reaching one cent demands a staggering 83,233% increase. These percentages dwarf anything the token has achieved since its historic run concluded in late 2021.

Recent performance data underscores these limitations. SHIB’s most spectacular rally of the current cycle saw it rise 686% from its June 2023 low of $0.0000058 to its peak of $0.000045 in March 2024.

Even this substantial move falls far short of the thousands of percentage points required for the community’s ultimate price goals. The token has failed to generate even a 1,000% increase since its initial breakout period ended.

While Shiba Inu’s higher volatility profile could theoretically enable larger percentage moves, realistic projections suggest potential peaks around $0.0001798 based on doubling Bitcoin’s performance metrics.

The circulating supply equation presents equally daunting obstacles for extreme price appreciation. With over 589 trillion tokens currently in circulation, a $0.001 price would create a market capitalization of $589 billion, exceeding Ethereum’s current valuation.

The one-cent scenario becomes even more challenging from a market cap perspective. Shiba Inu would be valued at $5.89 trillion at $0.01, which would be more than the whole $2 trillion market capitalization of Bitcoin and go close to the $3.3 trillion total market capitalization of all cryptocurrencies.

Achieving this milestone would necessitate either dramatic token burns reducing supply or unprecedented market expansion over extended timeframes.

Current market conditions suggest the $0.001 target might become achievable during future bull cycles if SHIB maintains relevance and builds utility beyond speculative trading.