The popularity of the cryptocurrency market continues to rise, and the price trend of the SHIB token has attracted widespread attention. However, some analysts have questioned the goal of SHIB reaching 1 dollar.

Well-known Bitcoin advocate Davinci Jeremie stated that the idea of the price of SHIB reaching 1 dollar "lacks a realistic basis." With the current circulating supply of 589 trillion coins, if SHIB really reaches 1 dollar, its market value would soar to an astonishing 600 trillion dollars. This figure not only far exceeds the total of the global stock market (128 trillion dollars) and the total market value of cryptocurrencies (3.8 trillion dollars), but also surpasses the total value of traditional assets such as gold and silver.

Some argue that large-scale token destruction may reduce the difficulty of achieving this goal. For example, if 99.91% of the tokens are destroyed, reducing the circulating supply to the current 0.09%, then reaching a market value of $500 billion would be relatively easier. However, such large-scale token destruction faces many challenges in practical operation.

Jeremie acknowledges that SHIB may see some growth in the future, but extreme increases like 8 million times only exist in theoretical possibilities. Despite recent market sentiment being stimulated by ChatGPT-related analyses, the constraints of real-world factors make the goal of SHIB reaching 1 dollar more like a "pipe dream."

In the cryptocurrency market, investors need to remain rational and recognize the gap between reality and vision. Although tokens like SHIB may experience significant fluctuations in the short term, their value growth in the long run still needs to be based on actual applications and market demand.