Shiba Inu Prediction! [2]
The Reason Why Shiba Inu Coin is Inevitable to Surge Over 100 Times!
Shiba Inu's Proposed Token Burn:
Shiba Inu's lead developer Kusama has proposed burning 99.9% of SHIB tokens, reducing the total from 580 trillion to 580 billion. This token burn is considered a marketing strategy, effectively reducing the circulating supply.
Shiba Inu's Role in Crypto Market:
Initially created as a pump coin to complement Ethereum, SHIB's proposed 99% token burn aligns naturally with its market positioning.
Vitalik Buterin's Involvement:
During the peak popularity of Dogecoin, Shiba Inu emerged, transferring 50% of its supply to Ethereum co-founder Vitalik Buterin. Contrary to market fears of a potential sell-off, Buterin donated a significant portion to various charities.
Legitimizing Meme Coins:
Transferring 50% of SHIB to Vitalik Buterin was likely a strategic move to gain legitimacy among Ethereum investors, thus advancing SHIB from a mere meme coin to mainstream acceptance. The narrative flows from Ethereum to Shiba Inu, then to Buterin, the community, and finally to charitable donations.
Comparative Authenticity:
In terms of authenticity, Shiba Inu is akin to Bitcoin Cash, which was the next major creation after Bitcoin.
Market Position and Token Burn:
Among various meme coins, Shiba Inu has one of the lowest price points. Continuous token burning, whether it's 99.9% or a lower percentage like 10% or 20%, will significantly drive up its value.
Rationale Behind Large Supply:
The large supply of SHIB tokens was created with the intent of being burnt to boost its market value.
Considering its origin and pricing, Shiba Inu is nearly perfect as a meme coin. The planned token burn further enhances its potential for significant growth.
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