Technically, if intended, it's possible to reach $1. However, a trend always changes and sustaining a coin dominance can't guarantee for let's say for several months or years. Total supply can be disregard if the strong hype is there but it's not that simple
"hype" as it needs a massive push better than the effect of Elon's shilling.
Some Shiba enthusiasts takes note of this:
When will shiba inu reach $1?
-To reach $1, Shib coin would have to increase by 12,000,000%. Every month since January, the coin has increased by around 2,000,000%. According to Market experts, it might approach $1 by the end of 2021 if it continues to expand at this rate.
-However, if it rises at a pace of 20% each month, it will take five years to reach the $1 mark, putting it in 2025 at the earliest.”
-The Shiba Inu Crypto has grown by 150%. This, too, is only a two-month period.
- It will most likely surpass the $1 milestone by 2025.
-The market value of the meme-coin might double if it manages to breach above $0.00001100.
Whatever your purpose, just don't take your hope to the highest. Try to stick with the realistic to happen.
Try to desire first at least 1 cent before jumping to $1.