Shiba Inu’s SHIB to $1 Dream: Revealing Details of Shibarium’s Top Plan!
The Shiba Inu team will usher in an unprecedented digital currency revolution when their Layer-2 network Shibarium will begin burning SHIB tokens. To this end, we dive into the amazing details of this annual burning plan to help you understand it fully.
According to the latest blog update, Shibarium will invest 70% of transaction fees in the destruction of SHIB tokens at all costs, while the remaining 30% will be used to maintain the efficient operation of the network and ensure the smooth operation of Shibarium.
Excitingly, Shibarium will also accumulate fees in the governance Bone token, which serves as gas for transactions on the network. Once Bone tokens reach the value threshold of $25,000, they will automatically convert to SHIB, marking the initiation of Shibarium’s destruction of SHIB tokens, completely reducing their circulating quantity.
This astonishing destruction plan raises a bigger question, is the Shiba Inu able to realize the $1 dream? This article will reveal to you the potential timeline for Shiba Inu to reach $1 through an in-depth analysis of the Shibarium burning mechanism.
How long will it take for Shiba Inu (SHIB) to reach $1?
Even if Shibarium destroys 3 trillion tokens per year, SHIB may face some challenges in reaching its $1 goal. The dynamic interplay shows that despite the reduction in supply, the abundance of tokens and relatively limited demand may have an impact on the ultimate goal.
The current total supply of Shiba Inu tokens is as high as 589 trillion, with only 1.3 million holders, highlighting a problem: the speed of adoption may not catch up with the circulating supply of tokens, which may lead to challenges in rising prices, or trigger a decline, Or maintain stagnant value.
Putting it all together, assuming Shibarium destroys 3 trillion SHIB tokens per year, it could take 98 years for Shiba Inu to reach $1 - an unrealistic scenario in our lifetime. This will only be possible if Shibarium significantly increases token destruction, exceeding 100 trillion tokens per year. This deserves our close attention, because the future development of Shibarium will inject more vitality into Shiba Inu's dream.
Thank you all for watching. If this article provides you with valuable information, I very much hope that you will use your little hands to like and pay attention. I will continue to work hard to provide you with more in-depth and insightful content.thank you all!
