Exclusive revelation: The secret behind Shibarium's upgrade, why SHIB failed to take off?
The Shiba Inu team made a big move last Friday, saying that their second-layer network Shibarium will be upgraded, and SHIB coins will be automatically burned in the future! Sounds great, right? But the market reaction was a bit unexpected, and the price of SHIB did not rise but fell.
Why? In fact, this automatic burning mechanism, to put it bluntly, is that Shibarium will send some SHIB coins to a "dead wallet" that no one can use, so that there will be fewer SHIBs on the market, which should be more valuable in theory. But the problem is that the market has long known that they are burning coins, and this time it just changed from manual to automatic, nothing new.
Moreover, the number of SHIBs burned every day is only tens of millions. At this rate, it will take hundreds of years to burn most of the SHIBs! Therefore, investors think that this change is not enough to see, and there is no big impact, so the price will naturally not go up.
To put it bluntly, if you want the price of SHIB to really fly, you have to burn billions or tens of billions every day. Just relying on this small change of automatic burning is not enough. So, although the upgrade of Shibarium sounds very high-end, it actually has limited impact on the price of SHIB, so investors are not so excited. Help me modify 10 extremely attractive headlines
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