The article discusses the potential for Shiba Inu (SHIB), a meme cryptocurrency, to reach a price of $1. While some investors and a recent projection from CoinW have fueled optimism for this price target, a market analyst from Trade City Pro argues that it is unrealistic due to SHIB's massive token supply and the resulting market cap. The analyst points out that if SHIB were to reach $1, its market cap would surpass $589 trillion, which is considered impossible given market trends and the current total market cap of the cryptocurrency industry. The Motley Fool also supports the notion that a $1 price for SHIB is unlikely. The article also highlights SHIB's current price action and suggests a potential double top pattern, indicating a possible trend reversal. The analyst advises caution and recommends selling if SHIB drops below a certain support level, with the possibility of re-entering if a bullish trend emerges. The analyst personally prefers low-market-cap altcoins for speculation rather than investing in SHIB.



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