🔴 $SHIB and $LUNC to Reach $0.01🔴

Computer engineer Charu Bey suggested that only Terra Classic (LUNC) is likely to reach its $0.01 goal through its burn mechanism, stating that this target is "not a dream for LUNC"1. He expressed doubts about Shiba Inu (SHIB) due to its large circulating supply of 589 trillion tokens.

Both SHIB and LUNC use burn mechanisms, with LUNC receiving additional support from Binance, which burns trading fees monthly. Shiba Inu relies on the Shibarium network for burns, but activity has slowed, affecting the burn rate.

For SHIB to reach $0.01, its supply must drop to around 126 trillion, requiring a burn of 78.52% of its current supply. Analysts remain skeptical about SHIB achieving this target due to the immense time required for such burns.

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