Major Events in the Crypto World! Brothers, SHIB has finally reached its limit! Is 99% of the tokens really going to be burned?

The market value of SHIB, this cryptocurrency, has now exceeded 15 billion USD. Recently, the speed of token burning has skyrocketed like a rocket, with the amount burned increasing by 6220% in just a few days. Originally, 999 trillion tokens were issued, and now 410 trillion have been burned, leaving only 541 trillion in circulation.

What will happen after burning so many tokens?

- Impact on price: Logically, if 99% of the tokens are really burned, there will be significantly fewer SHIB in the market. The rarer something is, the more valuable it becomes. If the number of buyers remains the same or increases, the price should theoretically rise significantly. However, the reality is that the crypto world is too complex; various situations can occur, so it’s really hard to say how the price will move.

- Impact on the entire ecosystem: SHIB's main developer, Kusama, has also stated that while it is technically possible to burn tokens, it is not a solution to all problems. Projects like DeFi are also very important for the development of SHIB. If tokens are burned too quickly, it could lead to an absurd price spike, causing chaos in the market and panic among everyone, which would certainly be detrimental to SHIB's long-term development. Therefore, it’s necessary to find a balance between token burning and other development strategies.

What’s the price like now? What will it be like in the future?

Although SHIB is currently facing many uncertainties, strangely, its price is still on the rise. Some experts are quite optimistic about its future development. From a technical analysis perspective, if it can break through a key price point, it may rise to 0.000045 USD. However, if SHIB wants to reach a price of 1 USD, this community needs to think carefully about how to find a perfect balance between burning tokens and developing various projects.

Potential Meme Coins to Watch

There’s a puppy coin related to the concept of Musk that could potentially become a promising Meme coin. If the market's enthusiasm for such coins increases in the future and you have some spare cash, consider investing a small portion in such projects; you might just have unexpected gains. #shiba⚡ #加密市场反弹 #比特币哈希率创新高