Though it is very hard to predict crypto market and any surprise can happen in crypto space but it is not very likely to happen that SHIB hits $1 so soon due to its huge supply, (it has a circulating supply of 549,063,278,876,302 SHIB coins and the max. supply is not available) weak use case. As reported in Media that its team is working to build its use case like the team is working on its layer 2 protocol to lower its transaction fee and its burning process is also on to lower its supply but its impact on price remains to be seen.

https://coinmarketcap.com/currencies/shiba-inu/