Burning 99% of $SHIB , can it rise to 1 dollar or mess up the ecology?
The Shiba Inu Coin (SHIB) community has recently been discussing one thing: Should we burn 99% of SHIB? The idea is quite simple, which is to reduce the amount of SHIB to potentially increase the price, who knows, maybe it will touch 1 dollar!
What is the current situation of SHIB?
Total: 1 quadrillion (sounds scary) Currently circulating: about 550 trillion
If we really burn 99%, then the remaining circulating supply would only be 5.5 trillion.
What are the benefits of burning SHIB?
Less supply, possibly higher price: With less SHIB, everyone will compete more fiercely, so the price will naturally go up.
More rare, more love: The less there is, the more valuable it becomes, which might attract more investors.
Shows determination: Burning so much shows that the team truly wants to increase the value of SHIB, not greedy.
But burning SHIB also carries risks!
Market chaos: Burning so much at once would make the price fluctuate like a roller coaster.
Trading becomes difficult: With less circulating SHIB, buying and selling will be harder.
The community might not buy it: Doing this might make people feel it's unreliable, leading to a loss of trust and support.
In summary:
Burning 99% of SHIB is a risky game; the price could skyrocket or crash down.
But risks must be clearly understood; the market, liquidity, and community should not be underestimated.
In the end, this matter needs to be considered carefully, thinking about its impact on the ecology and the community.
As for the next strategic direction, I will lead everyone to aim for the lucrative opportunities in altcoins, especially those with great potential projects, expecting a space of more than 10 times is not a problem. If you want to make big money in a bull market, like + comment, and I will guide you through the entire bull market!
