Shiba Inu $SHIB and $DOGS coin are both popular meme tokens in the cryptocurrency market, but they face significant challenges in achieving their ambitious goals. For Shiba Inu, achieving a value of $1 per token would require overcoming the major obstacle of its circulating supply, which currently stands at around 589 trillion tokens. Such a feat would require a market capitalization of $589 trillion — far beyond the realm of possibility. To reach this figure, over 99% of SHIB's supply would need to be burned, reducing the total supply to around 1 trillion tokens. This would give SHIB a market capitalization of $1 trillion, on par with Bitcoin's current valuation, but the likelihood of this happening remains extremely low. DOGS, on the other hand, has recently gained attention, especially after its listing on Binance, with a current value of around $0.00122. DOGS coin, a meme token on The Open Network (TON) blockchain, has attracted interest from the community, but like the Shiba Inu, it faces significant challenges, including market volatility and long-term sustainability.

Both SHIB and DOGS coin together highlight the speculative nature of meme coins in the cryptocurrency space. While their communities remain hopeful, the path to such high valuations is fraught with significant hurdles that make these goals unlikely to be achieved in the near future.