Crypto expert Davinci Jeremie, who recommended individuals to purchase BTC at $1 in 2011, has accessed the current speculation about Shiba Inu reaching $1. In his assessment of the occurrence of such a scenario, Jeremie has presented mathematical calculations through a video. Additionally, Jerome investigated what could happen to SHIB market capitalization if the coin rose to $1.
Davinci Jeremie Analyzes Shiba Inu $1 Price Prediction
In a recent analysis video, Jeremie explained that for Shiba Inu (SHIB) to reach $1, its market capitalization would have to rise to approximately $600 trillion. This figure is far beyond the total market cap of all financial assets globally.
He stated, “If Shiba Inu were to go to $1, that would mean that the Shiba Inu market cap would be at, well, $600 trillion.” This comparison outlines why a $1 price target is mathematically impossible with the current SHIB token supply.
Jeremie added, “And I don’t know about you, but that would be greater than anything in the history of mankind that ever existed on the planet.” This makes it clear that reaching such a valuation would not align with current economic realities.
Despite the numbers, the analyst mentioned that SHIB could still surge but not to the extent that some community members expect. “Shiba Inu will still do well, but not crazy well,” Jeremie concluded.
SHIB Burn Rate Rises by 401% in the Last 24 Hours
Shibburn, the official burn tracking platform for SHIB, reported a 401.25% increase in the burn rate over the past 24 hours. In that period, 12,237,063 SHIB tokens were permanently removed from circulation.
Token burning helps decrease supply, which may influence price trends if demand remains constant or grows. This deflationary mechanism is used by several crypto projects to manage token inflation and encourage scarcity.
This significant increase in burning activity marks a drop from the March peak that exceeded 60,000% previous to April. The upward trend found in burn data indicates that chronic burning activities keep occurring within the community.
The Shiba Inu network maintains ongoing supply reduction according to burn data metrics. Community members demonstrate their backing for the burn operation through an increase from 2.5 million token burns at the start to more than 12 million today.
Shiba Inu Developers Continue Building the Ecosystem
SHIB developer Kaal Dhairya recently addressed the community on X (formerly Twitter), urging users to focus on development rather than market sentiment. “When markets dip, the FUD rises — especially from scammers who made millions off the SHIB ecosystem. Ignore the noise,” he wrote.
He highlighted the ongoing technical work and encouraged developers to contribute to SHIB’s next phase. Dhairya mentioned rollups and fully homomorphic encryption (FHE) as key technologies under development.
The rollup architecture depicts a mechanism that operates outside blockchain transactions to achieve both faster speeds and reduced gas fees. FHE provides an encryption method to perform computations on data without loss of privacy while keeping operations possible.
Shiba Inu keeps developing its products beyond focusing on token prices because it wants to establish enduring system capabilities and expand scalability. The latest development updates are part of a project to move SHIB beyond its status as a mere meme coin.
Market Outlook: Will Shiba Inu Hit $1?
SHIB is priced at $0.0000122, far lower than $1, based on the current CoinMarketCap data. Available circulating coins number approximately 589 trillion tokens at the current moment. The achievement of one one-dollar price value will exceed the combined worth of worldwide economic assets.
Numerous expert analysts, including Jeremie, have determined that the unlikely achievement of a price target at $1 requires excessively decreasing the SHIB supply.
SHIB’s technical chart patterns point toward taking a reserved approach in the market. The recent trend analysis through Shiba Inu’s three-month bias indicator reveals a bearish 51% sentiment, which signals that short-term market conditions will oppose significant price increases. SHIB token stands to gain limited amounts from wider market factors, while platform enhancements and maintained community backing contribute to value growth.
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