Don't ask, a big question has come: Can burning 99% of SHIB make it rise to $1, or will it ruin the entire ecosystem?
Shiba Inu ($SHIB), this once unremarkable 'meme coin', is now a big player in the cryptocurrency world, with a market cap of $15 billion. But the burn rate has suddenly surged by 6220%, and everyone is starting to ponder one thing:
Can burning 99% of SHIB really make it rise to $1? Or will this ruin its future?
Let's see what Shiba Inu's chief developer Shytoshi Kusama has to say:
Want to rise to $1, just burn coins?
SHIB's burning plan has recently become a hot topic:
410 trillion tokens have already been burned, leaving only 541 trillion in circulation.
This burning speed has excited the community.
But Kusama reminds us:
'It's not that simple.'
Technically, it can be burned, but to rise to $1, just burning is not enough; it also depends on how the ecosystem grows and how to burn it in a planned way to ensure the price rises steadily.
The risk of burning too aggressively
Kusama also mentioned that burning too aggressively has two downsides:
1. When the price rises, the burned tokens decrease, slowing down future progress.
2. The ecosystem may be affected: burning too aggressively could impact SHIB's applications, usefulness, and overall development.
We need to find a balance point—burning too much, too fast could destabilize the ecosystem.
Let's talk about Shibarium: SHIB's big move
Shibarium, this layer 2 solution, is redefining SHIB's future:
Processing 8 million blocks, completing over 400 million transactions.
Low fees, fast speed, SHIB is now more scalable, more practical, and more user-friendly.
Shibarium is not just a technical upgrade; it is also the key to SHIB's long-term success, allowing more people to use it, making it more practical.
What's next for SHIB?
The future is promising, but to rise to $1, it still relies on planned coin burning, expanding the ecosystem, and community innovation.
If you keep missing the point and feel lost about how to operate, and want to keep up with learning, you need to meet one condition: you must be proactive, take action, like + comment, and I will help you make big money!
