A $1 price goal for Shiba Inu seems unimaginable in accordance with traditional valuation models Szymanski, a well-liked analyst.
Shiba Inu's supply math defines the upper limit Why Dogecoin isn’t a comparable case
Source: X
In a recent post, the analyst argued that Shiba Inu has repeatedly recovered after being written off in previous cycles and that price motion has revived over time as speculative interest returns. He said that while a $1 valuation “sounds unimaginable on paper,” renewed attention during meme-driven market periods has the potential to surprise investors again.
Shiba Inu's supply math defines the upper limit
Shiba Inu There are currently roughly 589 trillion tokens in circulation, although roughly 41% of the unique supply has been permanently removed through token burns since launch.
Source: Shibburn
At this level of supply, a $1 SHIB price would represent a market cap of roughly $589 trillion.
This number is sort of five times larger than the estimated global money supply and much exceeds global GDP, which is around $120 trillion. In comparison, Bitcoin's market cap peaked at under $1.5 trillion in the course of the strongest bull cycles prior to now. This gap alone makes the $1 goal mathematically unattainable under existing supply conditions.
Market analysts make a transparent distinction between attention-driven price volatility and capital-driven valuation flight.
While Shiba Inu has seen strong percentage gains during meme-driven phases of past bull markets, these moves got here from relatively low base valuations and still reached market caps within the tens of billions of dollars.
In contrast, a sustained move toward $1 would require Shiba Inu to soak up capital flows larger than at the height of the complete crypto market. Analysts say belief and social attention can amplify short-term price swings, but they can’t override supply math or generate liquidity on a scale comparable to global asset classes.
During the 2021 bull market, Shiba Inu reached its all-time high of $0.00008 as meme speculation increased in retail markets. Even at this peak, SHIB's market cap remained well below $100 billion despite unprecedented liquidity and retail participation.
Analysts note that subsequent market cycles showed a decline in speculative upside in meme assets as liquidity became increasingly concentrated in higher-cap tokens with deeper markets. Under these conditions, it appears increasingly difficult to breed – let alone exceed – the multipliers of the 2021 era.
Why Dogecoin isn’t a comparable case
Proponents often cite Dogecoin's past rallies as evidence that meme assets can reach extreme valuations. Analysts counter that the comparison fails attributable to structural differences in supply.
Dogecoin's circulating supply is within the tens of billions, not lots of of trillions. Even at its speculative peak, Dogecoin's market cap remained within the low lots of of billions. Applying similar valuation multiples to Shiba Inu would end in SHIB still being well below the capitalization required to approach $1.
The Shiba Inu ecosystem continues to implement token burning mechanisms, including those tied to activity on its Layer 2 network. While these efforts have regularly reduced supply, analysts say current burn rates should not enough to materially change SHIB's valuation profile.
To make a price of $1 mathematically viable would require trillions of tokens to be destroyed constantly over a few years. Most SHIB tokens remain in private wallets, and analysts note that a large-scale voluntary destruction of personal assets would force investors to soak up direct financial losses, making such outcomes structurally unlikely.
Analysts also point to broader market dynamics. As crypto markets mature, capital is increasingly focused on assets with greater liquidity, institutional participation, and established economic utility. In this environment, speculative capital flowing into meme tokens has shown diminishing returns in successive cycles.
