99% Burned, Financial Freedom or Ecological Apocalypse?
The cryptocurrency Shib, which once rose to fame due to jokes, has now seen its market value soar to $15 billion, with an explosive growth in its burn rate! The crypto community is buzzing: If 99% of SHIB is burned, can it leap past the $1 mark? Or will it push the entire ecosystem into the abyss?
Recently, the token burning actions of SHIB have been like a storm, with the burn rate skyrocketing by 6220% in just a few days. Out of 999 trillion tokens, 410 trillion have been burned, leaving only 541 trillion in circulation. Chief developer Shytoshi Kusama calmly responded to urgent inquiries: The technology is feasible, but burning is not the only magic trick; DeFi and other Shiba Inu ecosystem projects are equally crucial!
Warning: Excessive burning poses huge risks! Kusama cautions that if token burning spirals out of control, the Shiba ecosystem could suffer a severe blow. An overly high SHIB price may scare off buyers, slowing the burn rate and hindering growth. Only by balancing burning with other efforts can SHIB unleash its maximum potential.
Currently, the SHIB price continues to rise, and experts remain optimistic. Technical analysis shows that once it breaks through key resistance levels, the price could reach $0.000045. But to hit the $1 peak, the community must find a delicate balance between token burning and improvements like Shibarium.
What does the future hold for SHIB? Is it a myth of financial freedom or an ecological disaster? Let’s wait and see and witness this revolution in cryptocurrency together!
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