Shiba Inu Coin 'Rocket Fuel' Price Topic: Yayoi Kusama Says 99% of SHIB May Be Burned
Shiba Inu's big boss Shytoshi Kusama talked about the plan to burn 99% of circulating SHIB. In a podcast, he asked everyone what topics they wanted to hear, and then someone asked about this coin burning grand plan.
Kusama said that burning 99% of SHIB "is doable." Once this was said, everyone started to ponder the intentions and timetable behind it. LSP's CFO Zhang Fang directly asked.
Kusama explained that although he previously thought burning so many coins was impossible, now many projects are working together, and this can be achieved. However, there also needs to be large projects that utilize Shib's technology.
He also mentioned that the burning process must be gradual. If coins are burned too quickly, the price of SHIB will rise, making it more expensive to burn later, so the pace must be slowed down. He stated, "What matters is not the burning itself, but how to burn it reasonably."
Kusama also pointed out that burning coins is not the only way for SHIB to succeed. The development of meme coins is also very important. They are considering other methods, such as staking and developing new scenarios to make SHIB more useful.
He further stated that if 99% of SHIB is burned, the remaining will be rare. Once demand stabilizes or increases, the value of SHIB could soar, transforming from a cheap meme coin into a valuable asset.
However, Kusama also emphasized that this must be done gradually, requiring several projects to utilize SHIB's technology, with results expected in a few years.
Speaking of the current price, SHIB is trying to break through the 0.5 Fibonacci retracement level, which is $0.00002823. If it surpasses that, the next goal may be the 0.618 Fibonacci target, $0.00003235.
If you keep missing the point and are confused about how to operate, and want to learn and keep up, you must meet one condition: strong initiative, take action, like + comment, and I will help you make big money!
