SHIB Rumors Speculation 99%, Why Is There No Soaring Increase?
Recently, there has been a continuous stream of good news about Shiba Inu Coin (SHIB), attracting many retail and institutional investors to buy in. In particular, there is a big news saying that 99% of SHIB tokens may be burned (i.e., destroyed), which has made the market very excited. Now, the market capitalization of SHIB has reached $15 billion, and its token burning rate is very fast, with a large number of tokens destroyed in just a few days.
However, a researcher named Yayoi Kusama reminds us that while it is technically possible to destroy so many tokens, it is not a cure-all. SHIB's ecosystem projects are also very important, such as DeFi and others. If too many tokens are burned at once, it may cause SHIB's price to rise too high, which could scare away potential buyers and be detrimental to SHIB's development.
Currently, SHIB's price is still rising, and experts are optimistic. Technical analysis indicates that as long as SHIB can break through a certain point, the price may continue to rise. However, to reach as high as $1, SHIB's community must find a balance between burning tokens and improving ecosystem projects; this requires the joint efforts of the entire community and a deep understanding of the market and investor psychology.
In conclusion, I believe that the value of a coin still depends on the strength of its ecosystem, whether it is continuously upgrading and developing, and whether it is widely used by many people. The volume of voices in the market, whether more or less, is not actually the key to determining the coin's price.
I personally have a very positive outlook on Shiba Inu Coin and have been buying in at low prices to hold long-term. I believe it will perform well in the future.
