The Shiba Inu ($SHIB ) community is buzzing with an exciting idea: using SHIB as a gas token on Ethereum! This plan could change everything for SHIB holders, making the token scarcer and potentially driving its value to $0.01. Let’s break it down and explore why this could be a game-changer—and why now might be the time to invest.

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The Proposal: SHIB as an Ethereum Gas Token

A prominent community member recently suggested integrating SHIB alongside Ethereum’s native token, $eth, as a gas token for transactions. The plan includes an automatic burn mechanism, where a portion of SHIB gets permanently removed from circulation during every transaction.

Why is this important? Fewer SHIB tokens in circulation mean higher scarcity. And as basic economics tells us, scarcity can lead to higher prices.

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Learning from Solana’s Model

The idea takes inspiration from Solana ($SOL ), which has a unique system where 50% of transaction fees are burned. This burn mechanism has contributed to SOL’s price growth over time.

If Ethereum adopted a similar system with SHIB, the circulating supply of SHIB could decrease drastically, setting the stage for its price to skyrocket.

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Community Reactions: A Mix of Excitement and Doubt

While many are excited about this proposal, others are cautious. Some believe it’s better to focus on direct burning mechanisms rather than altering Ethereum’s structure. Changing Ethereum to allow SHIB as a gas token could be tricky and might disrupt its current system, which runs smoothly with ETH as the sole gas token.

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What Experts Say

Technical and regulatory challenges might make this plan hard to pull off. Shiba Inu’s marketing expert, Lucie, explained that Ethereum’s Proof of Stake (PoS) system is designed specifically for ETH. Adding SHIB would require massive changes to Ethereum, which could be costly and risky.

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Shibarium: A More Realistic Path to Success

Instead of trying to change Ethereum, some experts suggest focusing on Shibarium, Shiba Inu’s own Layer 2 blockchain. Shibarium already has a built-in burn mechanism, reducing SHIB’s supply with every transaction.

In 2023, Shibarium saw a huge surge in activity, significantly increasing SHIB’s burn rate. With more people using Shibarium, the supply of SHIB could continue to shrink—and its value could rise without needing to mess with Ethereum’s framework.

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Why You Shouldn’t Wait

Crypto markets move fast, and opportunities like this don’t last forever. If Shibarium keeps growing and the burn rate increases, SHIB’s price could reach new heights. Whether SHIB becomes a gas token on Ethereum or Shibarium continues to thrive, the future looks bright for this meme token-turned-powerhouse.

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Final Thoughts

$SHIB has come a long way from its meme origins, and its community is determined to take it even further. While there are challenges, the burn mechanisms in Shibarium already provide a clear path for reducing supply and increasing value.

If you’re thinking about investing, now might be the time to jump in. As always, do your research and invest wisely—but don’t let this opportunity slip away.

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Disclaimer: This post is for informational purposes only. Crypto investments involve risk. Make sure to do your own research and invest responsibly.