Big Event! 99% of SHIB to be burned? 🔥🔥🔥
SHIB's market cap has now reached 15 billion dollars and the rate of token burning is astonishingly fast!
If 99% of SHIB is burned, can it suddenly rise to 1 dollar? Or will doing this collapse the entire SHIB ecosystem?
Recently, the burning of SHIB has been as fierce as a storm; in just a few days, the burn rate skyrocketed by 6220%. Originally there were 999 trillion tokens, and now 410 trillion have been burned, leaving only 541 trillion in circulation.
SHIB's chief developer Kusama remains quite calm; he said that technically it can indeed be done, but burning tokens is not a cure-all. The ecological projects of Shiba Inu, such as DeFi, are equally important. However, Kusama mentioned that if the burning is too intense, the risks could be significant. If SHIB's price rises too high, buyers might be scared to purchase, which would slow down the burning rate and hinder SHIB's development. Only by finding a balance between burning tokens and other efforts can SHIB reach its maximum potential.
Currently, SHIB's price is still rising, and experts are optimistic. Technical analysis shows that as long as it breaks through a certain key point, the price could rise to 0.000045 dollars. However, to challenge the 1 dollar mark, SHIB's community must find that perfect balance between burning tokens and improving projects like Shibarium.
Are puppies the next SHIB? ⚡️