Why it should reach to $1? Shiba inu have: huge total supply, no utility usage. The price only increased for shilling tweets. Most of the people invested in Shiba inu to take out profit in short term. Meme coin trend and price shilling activity doesn't last forever.
If we view it theoretically base on law of supply and demand, Its really not possible but with the law of FOMO and dumb traders that FOMO buying shit tokens. This is very possible just like what happened on Doge which nearly touch that area with unlimited supply feature.
We should view it theoretically rather than the law of FOMO. Because it's not a new coin now with higher potential of price rise. The trend has ended and Shiba inu is struggling to get much attention from the investors. Even it won't be easy for this coin to reach at 1 cent from this point.