Can SHIB reach 1 dollar this year?
Benchmarks comparison
Should SHIB reach 1 dollar, its market cap would equal $589.24T. By comparing this number with the market capitalizations of the largest assets, we can assess whether the outcome is mathematically possible.
Historically, only a small number of assets have surpassed 10% of Bitcoin’s market cap. Ethereum peaked around 30–35% in 2018 and exceeded 20% again in 2021. XRP reached above 20% briefly in early 2018, while BNB, Solana, and Cardano momentarily reached the 10–15% range during 2021. These exceptional cases allow for a mathematical conclusion based on Bitcoin’s current market cap.
Popular Targets for SHIB
At a target price of $1.00, SHIB would have a total market capitalization of $589.24T, based on a circulating supply of $589.24T. This implies a required price increase of 166666.67x from the current price.
To evaluate whether this valuation is mathematically feasible, the target market cap is compared against the market capitalizations of established benchmark assets, including Bitcoin, Ethereum, major equities, and global commodities. In this case, SHIB's target valuation represents between 1,673.8% and 242,821.7% of these benchmark market caps.
Historically, only a very limited number of assets have sustained market capitalizations above 10% of Bitcoin's market cap, and exceeding 20% has occurred only in rare, short-lived cases. Based on these historical constraints and the relative comparison results, this scenario is classified as Impossible.