Speaking of this Shiba Inu (let's just call it Little Shiba Inu), its token
has really become quite popular! Little Shiba Inu’s market cap has already soared to 15 billion dollars, and its token burn rate is incredibly fast, unprecedented!
Not long ago, Little Shiba Inu had a total of 999 trillion tokens, and now only 410 trillion have been burned, leaving 541 trillion still circulating in the market. Did you know? In just a few days, the number of burned tokens has increased by 6,220 times, this speed is astonishing!
Speaking of the impact of burning tokens on price, that’s a big question! Some people believe that after burning so many tokens, the price of Little Shiba Inu might soar to 1 dollar!
But there are also experts who say it’s not that simple; in order for the price to rise, a balance must be found between burning tokens and the development of the ecosystem.
Little Shiba Inu’s chief developer is quite pragmatic; he said that technically, burning tokens is not an issue, but we can’t rely on it too much.
The ecosystem of Little Shiba Inu, such as its DeFi projects and Shibarium, must keep pace with the token burn rate for healthy development.
Looking at the current price of Little Shiba Inu, it is on the rise! Technical analysts say that if it breaks through a certain key resistance level, the price might soar to 0.000045 dollars. But to reach 1 dollar, we really need to ponder the balance between token burning and ecosystem advancement.
Not just Little Shiba Inu, the entire crypto space is engaged in token burning, this trend is quite significant! But for long-term success, developers and the community must work hard to create a sustainable ecosystem.
We also need to think about our own investment strategies.
For example, there’s a token called #puppies, related to Elon Musk’s pets, and I’ve heard it could earn double or even higher returns by the end of this year! There are also other high-potential assets that everyone is keeping an eye on, just waiting to earn returns of 10 to 1000 times!
Little Shiba Inu’s 99% burn plan, although ambitious, also needs to find that balance between reducing supply and ecosystem growth. Whether the price can rise depends on the sustainability of DeFi projects and investor confidence. Let’s just wait and see!
