Despite the massive roadblock on the Shiba Inu to $1 path, ChatGPT believes the lofty price mark is not impossible for the meme coin, according to a disclosure from the Shiba Inu team.

Shiba Inu (SHIB), despite grappling with the recent market downturn, continues to draw optimistic projections from its community and industry observers. The meme coin currently trades at $0.00001213, placing it 15th among the largest crypto assets by market capitalization. 

Yet, even as prices fall, enthusiasm among SHIB investors remains strong. This is largely due to the broader belief that a market-wide recovery could breathe new life into the asset.

This continued optimism has kept discussions of ambitious price targets alive, most notably the possibility of SHIB one day reaching $0.01. For one, Lucie, who leads marketing efforts for the Shiba Inu ecosystem, has long supported this goal. However, she insists it would not materialize anytime soon.

Lucie has consistently acknowledged that, while achieving $0.01 is possible, the price target will require patience. In one of her latest comments, she stressed that progress takes time and market participants should not expect it overnight.

Shiba Inu to $1 Not Impossible?

However, while Lucie has been an advocate of the Shiba Inu to $0.01 target, she casually played along with a much higher valuation by posing a question to ChatGPT about Shiba Inu’s potential of reaching $1.

Notably, she herself had never considered such a level realistic, but AI’s response challenged that notion. Interestingly, ChatGPT did not dismiss the $1 target as fantasy. Instead, it argued that although highly ambitious, reaching this milestone is not entirely beyond the realm of possibility.

Specifically, ChatGPT pointed out that Shiba Inu had already demonstrated its potential during the 2021 bull run, delivering a staggering 40x gain fueled by community strength, market narrative, and momentum. Recall that most attributed this run to massive demand.

According to ChatGPT, if the global crypto market experiences a tenfold growth in the coming years – a scenario that many consider within reason – then SHIB’s chances of achieving previously unimaginable price levels could improve. 

Under such conditions, if Shiba Inu maintains its position among the top-tier crypto assets, the expansion in the global crypto market capitalization could allow it to aim for these lofty targets.

ChatGPT Shares Factors That Could Push Shiba Inu to $1

ChatGPT then pointed to several factors that could contribute to moving SHIB closer to the $1 mark. One of the primary factors is the adoption and scaling of Shibarium, the project’s layer-2 blockchain solution. A surge in transactions on Shibarium would naturally drive up token burns, helping reduce SHIB’s vast circulating supply. 

Also, the chatbot highlighted the growing utility of SHIB across everyday use cases, such as payment systems, gaming applications, and digital identity platforms. Additionally, the emergence and adoption of ecosystem tokens like TREAT and BONE could add massive value to the Shiba Inu ecosystem.

ChatGPT emphasized that while Shiba Inu to $1 is not a promise, it no longer qualifies as a joke, either. It now stands as a challenge and one that SHIB could overcome through widespread adoption, consistent burns, and genuine use case development. 

Despite this hopeful outlook, the numbers highlight the immense scale of the task. With a circulating supply of roughly 589 trillion tokens, a $1 price would push Shiba Inu’s market capitalization to $589 trillion. 

This figure would far exceed the global broad money supply, which was estimated at $129.3 trillion in Q2 2024, and dwarfs the $21.86 trillion market cap of gold, the world’s most valuable asset.

Analysts such as Bitcoin advocate Davinci Jeremie have cited this staggering market cap requirement as a reason why SHIB may never reach $1 without a dramatic reduction in supply. As a result, for this price to materialize, Shiba Inu might require a large-scale burn event.