Can Shiba Inu reach $1?

Could you please elaborate on the possibility of Shiba Inu reaching a price of $1? Given its current market position, what factors might contribute to or hinder such a significant price surge? Is there any historical precedent for similar cryptocurrencies achieving such high valuations? Additionally, what are the potential risks and rewards associated with investing in Shiba Inu, given its volatile nature and the highly speculative nature of the cryptocurrency market? Thank you for your insights.