For #ShibaInu ($SHIB ) believers, a $0.01 price target is the dream – but can it be achieved without an impossible $589 trillion market cap? The answer may lie in large-scale token burns.
🔹 Current Price: $0.00001906
🔹 Target Price: $0.01, requiring a 52,365% increase!
How Can It Happen?
Shibarium, Shiba Inu’s Layer 2 solution, is accelerating token burns by using part of transaction fees to reduce SHIB’s supply. With over 410 trillion tokens already burned, continued reduction in supply could make higher prices feasible without an unsustainable market cap.
As Shibarium’s burn mechanisms gain traction, $SHIB holders are keeping an eye on the burn rate, hoping it’ll fuel a sustainable path to that elusive $0.01!
#SHIBtoPenny #ShibaBurns #CryptoMarketMoves #Shibarium