The article "Destroying 99% of SHIB, Will the Price Skyrocket or Will the Ecosystem Collapse? Shytoshi Kusama Speaks Up" first appeared on Coinpedia Fintech News.

Shiba Inu (SHIB), this cryptocurrency initially gained popularity through memes, but now it is becoming increasingly sophisticated. With a market capitalization of $15 billion and a skyrocketing burn rate, the momentum is strong. But there is a bold idea: if 99% of SHIB is destroyed, will that push its price to $1, or will it collapse the ecosystem? Let's see what the chief developer Shytoshi Kusama has to say.

Can SHIB reach $1 if 99% is destroyed?

Recently, Shiba Inu has been burning tokens at an astonishing rate, with the burn rate skyrocketing by 6220% in just a few days, significantly reducing the circulating supply of tokens. Initially, there were 999 trillion, but now 410 trillion have been burned, leaving 541 trillion.

Someone asked Shytoshi Kusama if it is possible to burn 99% of SHIB, would that mean the price could reach $1?

Kusama said that technically it is possible, but burning tokens is not the only way to increase prices. He stated that token burning is just one factor; other projects within the Shiba Inu ecosystem, such as decentralized finance (DeFi), are also very important.

Burning too fast carries risks

Kusama also warned that if tokens are burned too quickly and in large amounts, the Shiba Inu ecosystem could be harmed. If SHIB becomes too expensive, fewer people will buy it, slowing the burn rate and hindering growth.

Therefore, token burning must be balanced with other efforts to maximize SHIB's potential.

What about SHIB's price?

The price of SHIB has been rising, and some experts believe it can continue to rise. Technical analysis suggests that if certain resistance levels are broken, the price could reach $0.000045.

However, if a higher price point is desired, such as $1, the community must find a balance between token burning and other efforts, such as improving Shibarium.

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