The vibrant community behind the popular memecoin just revived the $1 debate: are burns the main catalyst? Shiba Inu’s (SHIB) official X account just quoted a rather optimistic outlook on the popular meme coin’s path forward, assessing the frequently-discussed $1 price target. Shiba Inu’s (SHIB) price tends to swing harder than the major-cap altcoins like Solana (SOL) or Ethereum (ETH) due to the speculative nature of the token.