Ah, the world of cryptocurrency—where dreams of riches are as common as a Jeevesian raised eyebrow. Enter Davinci Jeremie, the chap who, back in 2011, had the foresight to suggest buying Bitcoin when it was a mere $1. Now, he’s turned his analytical gaze to Shiba Inu (SHIB) and whether it might ever hit the lofty heights of $1. Spoiler: it’s about as likely as Bertie Wooster solving a quadratic equation.
In a recent video, Jeremie, with the precision of a butler polishing silver, delved into the mathematical realities of such a price prediction. He didn’t just scratch the surface; he went full Jeeves, explaining what a $1 SHIB would mean for its market capitalization. 🧐
Market Cap Madness: The $600 Trillion Pipe Dream
Jeremie, ever the voice of reason, laid it out plainly: “If Shiba Inu were to go to $1, that would mean the market cap would be at, well, $600 trillion.” He paused, presumably to let that sink in, before adding, “And I don’t know about you, but that would be greater than anything in the history of mankind that ever existed on the planet.”
SHIBA INU IS GOING TO 1$ USD!?
$1 per Shiba Inu? Sure… if the market cap hits $600 trillion. Spoiler: It won’t. 😂
— Davinci Jeremie (@Davincij15) April 10, 2025
Indeed, $600 trillion would make the combined value of all global financial assets look like a piggy bank. Jeremie, ever the realist, concluded, “So since that’s not going to happen, Shiba Inu will still do well, but not crazy well.” A bit like Bertie’s attempts at poetry—promising, but not quite Shakespeare.
SHIB Burning: A 401% Rise in Flames 🔥
Meanwhile, Shiba Inu’s token burning process has been heating up faster than Aunt Dahlia’s temper. According to Shibburn, the burn rate has surged by 401.25% in the last 24 hours, with 12,237,063 SHIB tokens permanently removed from circulation. While impressive, it’s a mere flicker compared to the 60,000% surge in late March. Token burning, for the uninitiated, is a deflationary process aimed at reducing supply and, theoretically, boosting price. Think of it as the crypto equivalent of Aunt Agatha’s diet—less is more.
Developers Keep Calm and Carry On 🛠️
Amidst the market’s ups and downs, Shiba Inu’s developers remain as focused as Jeeves on a particularly tricky case. SHIB developer Kaal Dhairya recently took to Twitter to remind the community to ignore the noise and focus on building. “When markets dip, the FUD rises—especially from scammers who made millions off the SHIB ecosystem. Ignore the noise,” he tweeted, adding, “This is your chance to build in the next phase: Rollups, FHE, and beyond.”
When markets dip, the FUD rises — especially from scammers who made millions off the SHIB ecosystem. Ignore the noise. This is your chance to build in the next phase: Rollups, FHE, and beyond. Remember: like @woofswap builders build. No complaints. Just work. 💪
— Kaal (@kaaldhairya) April 9, 2025
Rollups and FHE (Fully Homomorphic Encryption) suggest the team is working on scaling solutions and advanced privacy features. It’s all very technical, but then again, so is Jeeves’s ability to mix the perfect martini.
As for Shiba Inu’s price prediction, the three-month bias indicator shows a 51% bearish outlook. In other words, the road ahead is as uncertain as Bertie’s next engagement. But hey, in the world of crypto, anything can happen—except, apparently, SHIB hitting $1. 😅
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2025-04-11 21:37