A major event related to the Shiba Inu (SHIB) coin – with the announcement that $60 trillion SHIB tokens have been burned. This is important and noteworthy information for cryptocurrency investors, but before acting, let's analyze and check the practicality:
1️⃣ What is Token Burning?
Token burning is the process of permanently removing a certain amount of cryptocurrency from circulation supply, usually aiming for:
• Creating scarcity, helping to increase value.
• Stabilizing supply by reducing inflation.
If the figure of $60 trillion SHIB is actually burned, this will be one of the largest burns in cryptocurrency history.
2️⃣ Why is Burning Important?
• Reduced supply: SHIB has an extremely large total supply (over 589.6 trillion). Burning $60 trillion is equivalent to ~10% of the total supply, significantly reducing supply pressure in the market.
• Price stimulation: A lower supply often leads to increased value if demand is maintained or increased.
3️⃣ Can SHIB Reach $0.01?
• Reality: For SHIB to reach $0.01, the market capitalization would need to increase to a gigantic level in the trillions of USD (higher than Bitcoin's current capitalization).
• Likelihood: Large token burns like this can help increase SHIB's price, but reaching $0.01 in the short term is very difficult unless there are extraordinary factors such as widespread adoption or a significant increase in real use cases.
4️⃣ Important Warning for Investors
• Information verification: Check the source and verify the fact that $60 trillion SHIB has actually been burned.
• Trading strategy: Do not invest solely based on 'rumors'. Have a plan with clear stop-loss and take-profit points.
• Risk: The cryptocurrency market is highly volatile, and price drops even after good news are not uncommon.
Conclusion
If the burning of $60 trillion SHIB is verified, this could be a significant step to increase SHIB's value. However, investors need to have a realistic and cautious outlook when making decisions. Consider this an opportunity to research further and position your strategy according to personal risk.
What do you think? Is there a need for deeper analysis or support for investment strategies?