#SHIBA🚀
Shiba Inu: Is the 1 cent dream closer to reality?
The SHIB community is looking forward to the memecoin breaking through the 1 cent mark, but the ever-changing cryptocurrency market makes this vision difficult to achieve.
After the recent market crash, the price of SHIB plummeted by 84%, far away from its peak of $0.0000884. However, the good news is that as of now, SHIB has rebounded by more than 5% and is currently trading at around $0.00001397.
According to Telegaon data forecasts, SHIB may not reach the tempting 1 cent threshold until 2040. This means that in order to profit from SHIB's leap, investors have to be prepared to hold it for a long time. But then again, who doesn't want this "dream" to come true sooner?
Speaking of the future of SHIB, we have to mention Shibarium, a guy who may change the rules of the game. Although the road ahead is not smooth, the SHIB network is working hard to make it all possible. According to the latest news, Shibarium's hard fork is scheduled to start on the L2 network at 9:15 am (UTC) on August 9, 2024.
Even more exciting is that after the hard fork, a new version of Bor, v1.1.2-bone, will be launched, which will introduce the long-awaited SHIB burning mechanism. Simply put, SHIB is automatically destroyed through transaction fees, which will not only improve the operating efficiency of the Shiba Inu blockchain, but also drive up SHIB prices by reducing supply.
In Shibarium's transaction fees, part of the basic fee will be used to destroy SHIB, while the other part of the priority fee will be rewarded to the validator. This mechanism undoubtedly adds a lot of imagination to the future of SHIB, and makes the dream of 1 cent no longer seem so far-fetched.
Looking forward to the next four months, how will SHIB complete its journey in 2024? With the launch of Shibarium and the start of the SHIB burning mechanism, we have reason to believe that the price of SHIB will usher in a new wave of growth. As for whether we can touch the coveted 1 cent in advance, let's wait and see!
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