The possibility of Shiba Inu (SHIB) reaching $1 has garnered significant support within the crypto community. A poll by CoinW shows widespread belief in the potential price target, even outside the SHIB community.
Shiba Inu rising to $1 would mean an unprecedented 7 million percent increase. Although it recorded a 150 million percent gain in 2021, experts doubt such a rise will happen soon.
Crypto analysts like Ali Martinez and Armando Pantoja offer more conservative estimates for SHIB's price, predicting it could rise to $0.011 and $0.001, respectively. Analyst Oscar Ramos believes SHIB can't reach even $0.01 due to its 580 trillion supply.
For SHIB to reach $0.01, its circulating supply should reduce to 85 billion. Meanwhile, analyst Javon Marks expects a smaller rally to $0.000081, implying a 500% gain.
Currently, SHIB is trading at $0.00001378, up 5% in the last 24 hours, according to CoinMarketCap.
