The Shiba Inu community would need to burn 99% of the SHIB supply for the token to reach its one-dollar value and $500 billion market cap. Analysts have projected rebound targets for SHIB in the mid-term, but discussions around a $1 price have also dominated the scene. However, with its current circulating supply of 589 trillion tokens, achieving a $1 price would require an extensive burn process, even greater than what was observed with Ethereum founder Vitalik Buterin in May 2021. The chances of SHIB hitting $1 are considered extremely low.



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