$SHIB Recently, the Doge SHIB has made a major announcement, like a heavy bomb stirring waves in the market: reports claim that up to 99% of Doge tokens may be burned. Currently, the market value of Doge has reached 15 billion Tether, and the speed of token burning is astonishing, attracting significant attention and discussion in the market. People are speculating: if 99% of Doge tokens are truly burned, will its price soar to 1 Tether? Or will this move completely collapse the Doge ecosystem?
In fact, Doge's recent burning actions are like a storm, with the burning rate soaring by 6220% in just a few days. Doge originally had 999 trillion tokens, and now 4.1 trillion have been burned, leaving only 5.41 trillion in circulation. Such a large-scale burning will undoubtedly have a significant impact on Doge's price.
However, in the face of this thrilling situation, Doge's chief developer Kusama remains rather calm. He pointed out that from a technical standpoint, a large-scale token burn is indeed possible, but burning is not a cure-all solution. Projects like decentralized finance within the Doge ecosystem are also crucial. Kusama issued a warning that if the burning is too aggressive, the price of Doge may rise to a level that deters potential buyers, at which point the burning speed will also slow down, hindering the development process of Doge. Therefore, finding a balance between token burning and other efforts is the key.
Currently, Doge's price continues to rise, and experts generally hold an optimistic attitude. According to technical analysis, if Doge can break through specific key points, its price is expected to climb to 0.000045 USD. But to reach the high point of 1 USD, the Doge community must achieve a delicate balance between token burning and improving ecological projects like Shibarium. This not only requires the community to work together and brainstorm, but also a deep understanding and precise grasp of market dynamics and investor psychology.
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