🚀🐶🐕 Shiba Inu: If 50 Trillion SHIB Are Burned Every Year, Can SHIB Reach 0.1 USD?

Shiba Inu (#SHIB  ) is one of the most popular cryptocurrencies on the market. This asset has turned many early investors into millionaires. Since its launch in August 2020, SHIB prices have increased millions of percent. However, the popular dog-themed cryptocurrency has struggled to gain momentum after its 2021 peak.

One of the main obstacles to SHIB prices is the large supply. There are approximately 589 trillion SHIB tokens in circulation. If the price of the asset increases too much, the project's market value will become too large to be realistic. Therefore, the project needs to reduce supply to be able to aim for higher prices.

Despite the fact that Shiba Inu (SHIB) is a burning portal, it is not burning as many tokens as necessary to achieve higher prices. However, 2 of SHIB. With the launch of the Shibarium class network, there is a lot of talk about the increase in burns.

Shiba Inu: What if 50 trillion SHIBs were burned every year?

If Shiba Inu (SHIB) burned 50 trillion tokens per year, it could eliminate 90% of tokens in circulation within a few years. This asset will have approximately 49 trillion tokens in circulation on the market. This can only help SHIB reach a price of around 0.0001 USD to 0.0003 USD on December 12.

Additionally, SHIB's main developer, Shytoshi Kusama, said that burning alone will not increase property prices. This property also entails an increase in demand. Low supply and high demand is the trick to increase prices.

However, although this task is difficult, it is not impossible. The Shiba Inu (SHIB) has come a long way in its two and a half year history. It is a young project that still has a lot of room to develop. On the other hand, SHIB's competitor Dogecoin (DOGE) has been in the market for more than a decade.