Here's a hypothetical scenario where 99% of Shiba Inu (SHIB) tokens are burned:
Assumptions:
- Total SHIB supply: 1 quadrillion (1,000,000,000,000,000)
- Burned tokens: 99% of total supply (990,000,000,000,000)
- Remaining tokens: 1% of total supply (10,000,000,000,000)
Potential effects:
- Reduced supply: With 99% of tokens burned, the remaining SHIB tokens become scarce, potentially driving up demand.
- Increased value: As supply decreases, the value of each remaining SHIB token could increase, potentially leading to a price surge.
- Market volatility: Such a massive token burn could lead to market volatility, with prices fluctuating rapidly.
Hypothetical price predictions:
- Short-term (2025): $0.10 - $1.00
- Mid-term (2026-2027): $1.00 - $10.00
- Long-term (2028-2030): $10.00 - $50.00
Keep in mind that this is a highly hypothetical scenario, and the actual effects of such a massive token burn would depend on various market and economic factors.
Sources:
- CoinMarketCap
- TradingView
- CryptoSlate
- CoinTelegraph