Attention all holders of $SHIB , the 99% token burn plan is being realized!!!
$SHIB is now worth 15 billion dollars, and its burning speed is incredibly fast, like a rocket. Initially, there were 999 trillion coins, and now 410 trillion have been burned, leaving only 541 trillion in circulation. The amount burned has increased 6220 times in just a few days, it's astonishing!
What happens to the price when there are more burns?
After burning 99% of the coins, people start to wonder: will Shiba Inu coin rise to 1 dollar? Or will this cause chaos in the community? Experts say that for it to reach 1 dollar, we need to see whether the coin burning and ecosystem development are balanced.
What do the developers think?
The chief developer of SHIB says that technically there are no issues with burning coins, but we shouldn't rely on it too much. Coin burning must develop alongside the Shiba Inu ecosystem.
If burning is too aggressive, the price may skyrocket, scaring off new buyers, slowing down the burning rate, and potentially affecting the long-term development of Shiba Inu coin.
Technical analysis predicts the future
The price of Shiba Inu coin is currently on the rise; technically, if it breaks through a certain key point, it may rise to 0.000045 dollars. However, to reach 1 dollar, the coin burning and ecosystem development must coordinate well.
Market trends
Right now, the entire cryptocurrency circle is involved in coin burning, with Shiba Inu coin leading the way. Developers and the community need to focus on creating a sustainable ecosystem to achieve long-term success.
I will announce specific major actions internally, stay tuned for updates and share directly!
