Shiba Inu (SHIB) has captivated the crypto world with its meteoric rise, evolving from a meme coin to a legitimate blockchain project. As its community looks for ways to elevate SHIB's price, a bold idea has emerged: burn 99% of the supply. Could this risky move send SHIB to $1, or will it crash the ecosystem? Shytoshi Kusama, the lead developer, weighs in on this hot topic.
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š„ Can Burning 99% of SHIB Push It to $1?
Shiba Inu has seen an explosive surge in its burn rate, with a staggering 6,220% increase in just days. Over 410 trillion tokens have already been burned, leaving around 541 trillion SHIB in circulation. But could burning 99% be the key to pushing SHIBās price to $1? Kusama responds:
Technically Possible, But Not Enough on Its Own: While burning is important, itās just one piece of the puzzle. Kusama explains that token burns alone wonāt be enough to skyrocket SHIB to $1. The broader Shiba Inu ecosystemāincluding projects like DeFi and Shibariumāmust also play a significant role in driving growth.
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ā ļø The Risk of Burning Too Much, Too Fast
Kusama warns that burning too many tokens too quickly could backfire. If SHIBās price rises too rapidly, fewer people may be able to buy it, slowing down the burn rate and halting its growth. A balanced approach to burning is key to sustaining SHIB's momentum.
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š Shiba Inu's Secret Weapon: Shibarium
One of the most exciting developments for SHIB is Shibarium, the layer-2 solution that aims to transform the network. With over 8 million blocks processed and 400 million transactions already completed, Shibarium is designed to reduce transaction fees, speed up transactions, and boost scalabilityācreating real-world utility for SHIB and supporting long-term adoption.
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š Shiba Inuās Price Outlook
While SHIB has been on the rise, experts believe it could see even more upside. If SHIB breaks through key resistance levels, we could see it reach $0.000045 in the near term. However, achieving higher pricesāperhaps even $1āwill require balanced token burns alongside continued ecosystem growth, especially with Shibarium at the helm.
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