$SHIB Big News! They're actually going to burn 99% of the tokens!
SHIB is now a big player with a market cap of $15 billion, and its token burning speed is simply terrifying! Imagine if 99% of SHIB were burned; could it shoot up to a high price of $1? Or would this cause SHIB's entire little circle to fall apart?
Recently, SHIB's token burning has been as swift as a tornado, with the burned tokens increasing 6220 times in just a few days. Originally, there were 999 trillion tokens, and now 410 trillion have been burned, leaving only 541 trillion in circulation in the market.
SHIB's top developer Kusama appears quite calm; he stated that technically burning tokens is indeed no problem, but it’s not just about burning them and everything being fine. The ecological projects of Shiba Inu, such as DeFi and others, also need to keep up.
However, Kusama also mentioned that burning too aggressively carries risks; if SHIB's price rises too high, buyers might be too scared to purchase, and the token burning speed would have to slow down, hindering SHIB's development. Only by finding the right balance between token burning and other efforts can SHIB truly unleash its potential.
Currently, SHIB's price is still rising, and experts are quite optimistic. Technical analysis suggests that as long as a certain key level is broken, the price could potentially rise to $0.000045.
But to hit the $1 mark, SHIB players must find the perfect balance between burning tokens and improving projects like Shibarium.
Recently, I plan to scout a potential coin that is about to explode, doubling my investment should be quite easy, and I also intend to find some potential coins to hold until the end of the year, with an expected growth of over 10 times being no problem, but spots are limited! If you want to join in, like + comment.
