Lucie, Shiba Inu's head of marketing, has just announced a strategy to burn SHIB tokens to increase their value, with a target of reaching $0.0003 by September.
SHIB Burning Plan
Amid concerns about oversupply, Lucie explained that developers cannot change the amount of SHIB because founder Ryoshi “burned” the control keys.
To reduce supply, SHIB needs to be purchased and burned, which requires millions, even billions of users.
Lucie emphasized that the plan is to build a system that attracts a large number of users to use Shibarium every day, thereby burning SHIB and increasing its value.
Shibarium, Shiba Inu's layer 2 blockchain, has just been upgraded to improve performance, reduce gas fees, and enhance security, thereby attracting more users, contributing to the increase in SHIB burning rate.
SHIB Price Forecast
Burning tokens reduces supply, increasing the value of the remaining tokens. Lucie asserts that the community plays an important role in this process. Currently, the SHIB burn rate has increased by 38.79%, increasing investor confidence.
SHIB price is currently holding above the $0.000013 support level. If the uptrend continues, SHIB could clear the $0.000015 resistance and reach $0.0003 by the end of September.
